Explainer: how lending startups like Afterpay make their money

Explainer: how lending startups like Afterpay make their money

It's called “factoring” of accounts receivables. This is when a company sells its accounts receivables (money owed for a good or service that has already been delivered) to a lender, typically at a discount. Typically, factoring arrangements are between a business and a lender, with the customer being
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Bitproperty Announces Strategic Partnership with Real Estate Developer Nikken Housing and …

One such partner is Nikken Housing, one of Japan's leading real estate development companies. It has developed over 10 million housing units in Japan over the past half century. As part of the agreement, Nikken will make around 30 upcoming projects available to Bitproperty investors, primarily in the
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Cambodia Places Its Bets on China's Casino Empire

A man tries his luck at a wheel of fortune machine at the Global Gaming Expo Asia held in Macau on May 17, 2016. Aaron Tam—AFP/Getty Images. By Reuters. 9:08 PM EST. Between Sihanoukville's beaches and its multiplying casinos, “Lao Qi” and Bun Saroeun run restaurants barely a hundred dusty
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DJ US Real Estate Ishares (IYR): Technicals in Focus

RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is presently standing at 38.39, the 7-day is 22.07, and the 3-day is resting at 4.18. DJ US Real Estate Ishares (IYR) currently has a 14-day Commodity Channel Index (CCI) of -213.19.
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Almost half of all housing booms end in tears, says Reserve Bank of New Zealand

It might come as a surprise to some investors but when a housing bubble collapses it doesn't always mean a financial crisis will follow. And likewise not all financial crises are caused by a savage drop in house prices, but a research paper just published by the Reserve Bank of New Zealand shows why
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Moody's affirms JPMorgan Mortgage Acquisition Corp.'s prime jumbo aggregator assessment as …

In addition to acquiring loans through JPMMAC, Chase also originates residential mortgage loans through a sister mortgage origination platform which we refer to as JPMorgan Chase Bank N.A. We assess JPMorgan Chase Bank N.A. as a Strong originator of prime jumbo residential mortgage loans.
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Macklowe claims real estate fortune has shrunk from $548M to $23M

In his bitter divorce from wife Linda, billionaire developer Harry Macklowe insists the value of his vast real-estate empire is a mere $23.6 million — but two years ago he told lenders that the properties were worth 23 times that figure. “The total amount of commercial real estate that you certified to the
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Sydney housing premium could narrow

An increase in listings this spring has also provided buyers with more choice and agents have been reporting less aggressive bidding at auctions and a rise in properties selling prior to auction, while clearance rates have come down. Despite the slowdown Sydney's median dwelling value was still
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It's Only 2 Months, But Angolan Leader a Hit With Bond Investors

That's a better performance than any other country in the Bloomberg Barclays Emerging Markets USD Sovereign Bond Index, which includes debt from more than 70 nations. It's not just down to oil prices rising 7 percent in the period — the bonds of other major producers such as Mexico, Russia and
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California Fires: Where the Los Angeles Skirball Fire Is Burning and Who is Affected

Firefighters are battling yet another wildfire in Southern California, in addition to the three other major fires burning in Los Angeles and Ventura Counties. This fire, known as the Skirball Fire (also being called the Bel Air Fire) is located in Los Angeles and has burned 150 acres along with four to six
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A Murdoch Inside Disney Would Bring Experience – and Baggage

With Walt Disney Co. and 21st Century Fox Inc. discussing a historic combination of their businesses, one question keeps coming up: Could a Murdoch end up running Disney? Disney, the world's largest entertainment company, is in talks to buy Fox assets in a deal that could approach $50 billion or
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Vasyl Lomachenko is banking on his skillful attacks to solve complex Guillermo Rigondeaux

It was one of the final negotiating points, and perhaps the most revealing. Vasyl Lomachenko wanted the historic opportunity to fight fellow two-time Olympic gold medalist Guillermo Rigondeaux in the first title fight matching such decorated amateurs. The fact that it would provide him his third bout this
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Shooting From The Hip: Quant Update on Spring Real Estate Investment Trust (SEHK:1426) Shares

We can also take a look at some stock volatility data on shares of Spring Real Estate Investment Trust (SEHK:1426). The 12 month volatility is currently … Technical analysis focuses on chart patterns with the goal of analyzing market movements and defining trends. Charting has been around for many
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Blackwater Founder Denies Trump Connection to Seychelles Meeting

Erik Prince walks to a House Intelligence Committee meeting on Capitol Hill in Washington, D.C., on Nov. 30, 2017. Photographer: Aaron P. Bernstein/Bloomberg. Blackwater Security founder Erik Prince told U.S. House lawmakers conducting the Russia probe that he discussed U.S. trade policy with
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Yellow Brick Road Adds Prospa to Lending Panel in Boost to Aussie Small Business

Yellow Brick Road has added online lender Prospa to its lending panel. The move was described as an effort to diversify its lending offerings for Australian small business customers. Yellow Brick Road is a full service wealth management company that offers products and services for home loans,
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China's Banks Need More Capital After Credit Boom, IMF Says

“We are talking about capital shortfalls in a stress-testing scenario,” Sahay told Bloomberg Television's Kathleen Hays in an interview. “It's in that scenario, it's not the current situation. They are moving in the right direction, they understand that the risks are large and they are mitigating them.” China's
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Twins get prospects from Mariners, Angels for international bonus money

A power-speed prospect, Pearson signed with the Angels for $1 million, buying him out of his commitment to LSU. He batted .226 with 13 RBI in 40 games for the Angels' Arizona League team for rookies with five stolen bases and 15 walks. He's listed as the Angels' fifth-best prospect by MLB.com.
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Bitcoin Soars Through $14000, Up More Than 40% This Month

Bitcoin climbed as much as 7.9 percent on Thursday as it surged above $14,000, extending this month's advance to more than 40 percent. The price of the cryptocurrency touched $14,399.99, a record, according to Bloomberg pricing. ASX Ltd., the main exchange operator for equities and derivatives in
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House Votes to Kill Resolution to Impeach Trump

Washington (AP) — The House overwhelmingly voted Wednesday to kill a resolution from a liberal Democratic lawmaker to impeach President Donald Trump as most Democrats joined Republicans in opposing the move. Rep. Al Green, D-Texas, said Trump had associated his presidency with causes
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Sale of portfolio in real estate firm's bankruptcy postponed

A hearing scheduled Wednesday that would have wrapped up the sale of a real estate portfolio involving a local company going through Chapter 11 bankruptcy proceedings has been pushed back two weeks. Spectrum Alliance, an affiliate of Trefoil Properties, was set to sell five stabilized properties to
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Congress Must Review CFPB Auto Lending Bulletin, GAO Says

Congress Must Review CFPB Auto Lending Bulletin, GAO Says

Law360, New York (December 6, 2017, 8:58 PM EST) — A government watchdog agency on Tuesday ruled that a bulletin the Consumer Financial Protection Bureau issued that would hold banks responsible for funding potentially discriminatory auto loans could be reviewed and potentially overturned
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Tech Rout Drags Down Funds That Had Been Crushing Their Benchmarks

A great year for the biggest class of active funds is becoming merely a good one after a week of upheaval in stocks erased almost half their advantage over the benchmarks they're measured against. Blame it on an obsession with technology, the industry that had been the market's darling all year before
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Brazil Cuts Key Rate to Record Low as Easing Cycle Nears End

Led by president Ilan Goldfajn, the bank's board lowered the Selic rate to 7 percent on Wednesday, following a previous 75 basis-point reduction in October. The move was expected by all 49 analysts surveyed by Bloomberg and was the 10th consecutive rate cut in a cycle that's slashed the benchmark
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Stockton's hot housing market may spill over into Downtown

One was built in 1891 and the other in 1926 and now has 40 units of both affordable and market rate housing along with retail. With Stockton being the hottest housing market in the country, City Economic Development Director Micah Runner says Stockton is on the cusp of renaissance for its downtown.
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Compliance Specialist – Consumer/Mortgage Lending and Servicing in Columbus at Huntington

New Career Opportunity! Huntington National Bank has an opening for a Compliance Specialist – Consumer/Mortgage Lending and Servicing in Columbus, OH.
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Researchers identify banking app flaw

Mobile app users could start feeling a little more secure in future. A team fromthe University of Birmingham have developed a tool to perform semi-automated security testing of these apps. In particular, the tool can identify critical vulnerabilities in banking apps – the researchers identified issues in HSBC,
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Report: The Skirball Fire in LA Is Burning Down Rupert Murdoch's House

Moraga Estate, the only working winery in Bel-Air and home of Twenty-First Century Fox and Fox News Chairman Rupert Murdoch, appears to be the latest casualty of wildfires spread by the Santa Ana winds in Southern California. Local news affiliate NBC4 reported Wednesday that the estate, located
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Why Home Depot Is Spending an Extra $5.4 Billion on Stores and E-Commerce in Next Three Years

Speaking of the downturn a decade ago, Home Depot CEO Craig Menear told Fortune that the retailer's hot streak was exactly why it needed to ramp up investments now. “We didn't want to waste that time and we used it to invest and position ourselves to win as the market recovered,” he explained.
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New Oro de Santa Barbara Competition Highlights Smallholders in Honduras

A new regional green coffee competition and auction designed to attract international buyers is being planned in conjunction with the VI Festival del Café in Santa Barbara, Honduras, taking place April 27-28, 2018. The “Oro de Santa Barbara” competition and auction is part of a new publicly funded
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Just how much money did the ECB lose on its Steinhoff investment?

German prosecutors say they are investigating whether Steinhoff International inflated its revenue and book value, one day after the global home retailer announced that its … The European Central Bank has spent about $129 billion buying corporate bonds as part of its Asset Purchase Programme.
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Buying or selling a home during the holidays has its advantages

Buyers who are looking during this time tend to be serious buyers. They mean business and are on a mission. Many of them have been searching for months and are not going to stop looking just because the holidays are here. This especially holds true for buyers who have been relocated to the Valley
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Jeb Hensarling: Fannie and Freddie Must Be Wound Down

Texas Republican Congressman Jeb Hensarling said Wednesday that Fannie Mae and Freddie Mac need to be wound down as part of any sustainable housing finance reform. Speaking at a conference on the future of the U.S. housing market, Hensarling said he would work towards a bipartisan
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St. Louisan Charles Cella, known for real estate and horseracing, dies at 81

FILE – In this April 8, 2015, file photo, Charles Cella, owner of Oaklawn Park, watches the crowd after post position draw for the running of the Arkansas Derby horse race at Oaklawn Park in Hot Springs, Ark. Cella, who helped turn Oaklawn Park into a major racing destination in the South as a
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Massive security flaw found in hundreds of apps from major banks, including HSBC and NatWest …

If you bank with HSBC, NatWest, Co-op or Bank of America Health, you may have been at risk of a security flaw, according to a new study. Researchers have tested a new tool on a sample of 400 apps, and found that several banking apps had a critical vulnerability that could have allowed hackers to
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Is It Time To Buy Duty Free International Limited (SGX:5SO)?

Duty Free International Limited (SGX:5SO), a specialty retail company based in Singapore, saw significant share price volatility over the past couple of months on the SGX, rising to the highs of SGD0.3 and falling to the lows of SGD0.25. This high level of volatility gives investors the opportunity to enter
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Is It Time To Buy Best World International Limited (SGX:CGN)?

Best World International Limited (SGX:CGN), a personal products company based in Singapore, received a lot of attention from a substantial price movement on the SGX in the over the last few months, increasing to SGD1.49 at one point, and dropping to the lows of SGD1.21. This high level of volatility
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Oakland school district workers wake up to a unhappy surprise: bank overdrafts

OAKLAND — An apparent bank snafu has led to several hundred Oakland unified employees with overdrawn checking accounts after their last paycheck was mistakenly taken back out. District spokesman John Sasaki said the district began receiving emails and phone calls from employees this morning
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Citigroup CFO Sees $20 Billion Hit If Senate Tax Bill Signed

Bloomberg's Erik Schatzker reports on the impact to Citigroup if the U.S. Senate tax reform bill passes. Citigroup Inc. expects to take a noncash charge to earnings of about $20 billion if the U.S. Senate's version of the tax reform bill is enacted, Chief Financial Officer John Gerspach said. The hit to profit
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Rent versus buy? It's a coin toss, South Florida professors say

… many consumers are “better off building wealth through renting and investing in stocks and bonds than buying property,” said Ken Johnson, real estate economist and professor at Florida Atlantic University in Boca Raton. Eli Beracha, associate professor at Florida International University in Miami, who
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SOLD OUT!!!

Merchants have until March 15th, 2018 to redeem the Bucks at the Sedgwick County Title Company or the Julesburg Advocate for full face value. JOeS Bucks have been made possible by generous donations of seed money to off set the 10% percent discount, allowing Bucks to be sold at 90 cents on the
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China's financial system has three important 'tensions,' the IMF says

China's financial system has three important 'tensions,' the IMF says

The first tension in China's financial system, according to the IMF, is the rapid build-up in risky credit that was partly due to the strong political pressures banks face to keep non-viable companies open, rather than letting them fail. Such struggling firms have, in recent years, taken on more debt to achieve
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European financial markets' revamp to cost its banks US$4.4ba year: report

LONDON (REUTERS) – A wide-ranging reform of European financial markets called MiFID II will cost European investment banks around 2.6 per cent of annual revenues, equating to US$4.4 billion a year, according to industry analytics firm Coalition. The new rules set to come into force on Jan 3 are
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Commentary: Where Did Trump's Lawyer Hear a President Can't Obstruct Justice?

John Dowd, Donald Trump's lawyer, enters federal court in New York, U.S., on Thursday, May 5, 2011. Peter Foley—Bloomberg via Getty Images. By David Alan Sklansky. December 6, 2017. Earlier this week, Donald Trump's personal lawyer, John Dowd, said that the president “cannot obstruct justice.
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35 Percent of Homes in Seattle's Market Are Listed at $1 Million or More

… movement from one hand to another, a solution to barter's one big problem: a lack of a double coincidence of wants—will produce policies that, despite their diversity and technical sophistication, solve almost next to nothing for those who are daily crushed and displaced by ever-rising housing prices.
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OLR, RealPlus rival Perchwell inks lease in Soho

Perchwell, a real estate startup that competes with OLR and RealPlus, is moving into permanent digs in Soho. The company, which gives agents a single platform for managing listings, compiling market research and collaborating with clients, signed a seven-year lease for 3,500 square feet at SL Green
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100-Day Housing Performance Outlined

T he Iranian government has managed to boost home ownership through allocation of bigger home loans at lower interest rates, which have significantly improved the real-estate market. As a result of the government's policies since President Hassan Rouhani began his second term in August 2017, the
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'We want to reinforce need for real estate to have dedicated recreational spaces for balanced …

Cocoon Homes, incorporated in 2013, as a Joint Venture with Silk Invest UK Ltd, is an innovative real estate developer providing desirable homes in prime locations across Nigeria. Recently, Cocoon Homes partnered with Sustainable Cycling Foundation, organizers of the Lagos City Criterium to
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Bitcoin: Steam Gaming Service Is Waving Goodbye

Popular gaming service Steam said Wednesday that it would no longer accept bitcoin from customers as payment for video games. Steam, which is owned by the video game developer Valve, cited the “high fees and volatility” associated with the popular cryptocurrency. Last year, Steam said it would
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Commentary: Why Silicon Valley Can't Get Complacent About China

What a difference three years can make. In 2014, when I worked as an American expatriate in China's technology industry, the country was widely viewed as a copycat nation, only capable of duplicating Western products. But today, Chinese tech companies have become innovation leaders in some key
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China's property market will see smaller price gains ahead, major developer says

Property price gains in China are likely to slow due to official efforts to rein in the market, a top real estate executive said Thursday. “For years, the Chinese government has had the effort to control the speed of the fast-rising property price, so there's always been policies coming out to control the market,
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Federal government updates real estate disclosure booklet to address lead in drinking water

In June 2017, the federal government updated the “Protect Your Family from Lead in Your Home” booklet to expand the information provided on lead in drinking water from a few lines to a full page. Since 1996, when someone rents or buys a home built before 1978, the property owner or landlord is
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Swiss National Bank Raises Stake in Old Republic International Corporation (NYSE:ORI)

Koch Industries Inc. bought a new position in Old Republic International during the second quarter valued at approximately $385,000. … operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and
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Hearing set to appoint new attorney for former real-estate guru Rick Koerber in fraud retrial

(Steve Griffin | The Salt Lake Tribune) Former real estate guru Rick Koerber with his family the Federal Courthouse in Salt Lake City after a federal jury announced they were deadlocked over the allegations against him. Koerber was accused of illegal business dealings and running a Ponzi scheme.
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Officials: Housing causes 'stark' inequality between young and old

The failing housing market is leading to stark inequality between the old and young and the rich and the poor, officials told the new Government as they took office. The briefings for incoming Housing Minister Phil Twyford include show a 45,000 home gap in Auckland, as was previously reported by Stuff.
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Crash hurt mortgage holders far more than previously thought

A research paper by economist Fergal McCann states: “Relative to the 120,398 that are classified as being restructured by official Central Bank statistics, these numbers highlight that, when previously elapsed short-term arrangements are counted, the scale of mortgage modification in the Irish PDH
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Apple to Save an Astounding $47 Billion Under Tax Reform, Report Finds

According to economists consulted by the Financial Times (subscription required), the iPhone maker stands to see tax liabilities related to its overseas cash hoard decline to $29.3 billion from $78.6 billion. That savings of $47.3 billion is an amount of money greater than the market value of many Fortune
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A Volkswagen Executive Got a 7-Year Sentence in the Diesel Emissions Cheating Case

(DETROIT) – A U.S.-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion. The prison sentence and
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Here's Every Democratic Senator Calling for Sen. Al Franken to Resign

Sen. Al Franken (D-Minn.) plans an announcement on Thursday amid a growing groundswell of senators—including Senate Minority Leader Chuck Schumer—calling for his resignation over sexual harassment allegations. The planned announcement raises speculation that Franken would step down,
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All The New Emojis Coming to Your iPhone Next Year (Sorry, No Sad Poo Face)

Redheads and bagel lovers may finally have a way to express themselves (and their passions) via their smartphones. This week, the Unicode Emoji Consortium—the folks in charge of picking emojis—released Emoji 11 beta. This list of 130 draft emojis could end up on your smartphone next year.
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Waterstone Mortgage Opens First Branch in Northern California

Waterstone Mortgage, offering a broad spectrum of loans in 43 states, recently opened a new branch in Concord, Calif. The new office is led by branch manager Jaime Joyner, who has more than 20 years of experience in the mortgage industry. Joyner and her team came to Waterstone Mortgage from
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MGM Resorts International (MGM) Shares Bought by Rational Advisors LLC

MGM Resorts International (MGM) Shares Bought by Rational Advisors LLC

Vanguard Group Inc. boosted its position in shares of MGM Resorts International by 3.4% during the second quarter. Vanguard Group Inc. now owns 41,200,270 shares of the company's stock worth $1,289,156,000 after buying an additional 1,354,902 shares during the period. Capital Research Global
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DekaBank Deutsche Girozentrale Decreases Stake in Flextronics International Ltd. (NASDAQ:FLEX)

Tocqueville Asset Management L.P. lifted its holdings in shares of Flextronics International by 6.2% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,116,155 shares of the technology company's stock worth $18,495,000 after buying an additional 65,000 shares during the period.
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Home Seekers' Searching More Aggressively Reveals Magicbricks

Consumer Search Trend Report. Witnesses 18% rise in returning users and 4% sequential increase in property seekers quarter-on-quarter New Delhi, Delhi, India (NewsVoir)December 6, 2017 — With the implications of the policy interventions in India's real estate industry settling in there are tell-tale
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Last Minute Host/Hostess Gifts for the Holidays

Note: buying sweets and trying to pull it off as your own might work, but that does take the spirit out of it! 😉 Take the time to make some homemade goods. Some ideas: rice crispy treats (did you know that you could add things like cinnamon to it?), popcorn balls, brownies, or even chocolate-covered
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Vatican Sees a Way Around Trump on Climate Change, Official Says

“America has pulled out, but other nations can step in,” Cardinal Peter Turkson, who led the drafting of Pope Francis's 2015 encyclical letter on climate change and the environment, said during an interview in Rome with Bloomberg TV. “We have other big nations, the EU is there, China is there. They can
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CPD: 3 arrested, 3 sought in mortgage fraud ring

After a lengthy investigation, Cincinnati police have named several suspects believed to be involved in a mortgage fraud ring spanning over a year. Cincinnati Police Department Financial Crimes Unit said the investigation began when a Cincinnati resident filed an identity fraud report in October of 2016.
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Treasury Watchdog Sees US Financial Market Risks Rising

The U.S. agency that analyzes threats to financial-market stability is waving a red flag about elevated stocks and bonds. Overall, the risks to financial stability remain in the “medium range” and the system is far more resilient than a decade ago during the financial crisis, according to Treasury's Office of
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J&J, Bayer Ordered to Pay $28 Million in First Xarelto Loss

Johnson & Johnson and Bayer AG are responsible for a woman's injuries tied to the blood-thinning drug Xarelto and must pay almost $28 million in damages, jurors concluded in the companies' first loss at a trial over the medicine. Lynn Hartman said she took Xarelto, sold by J&J's Janssen
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Watch Video of the Ventura County Fire Raging in California

The Thomas fire, which began Monday evening near Santa Paula, Calif., has now incinerated about 45,000 acres and led to roughly 27,000 residents to evacuate, as of Tuesday afternoon. California Gov. Jerry Brown has responded to the wildfire by declaring a state of emergency in Ventura County.
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Oahu's real estate market bucks trend with strong sales, inventory

Oahu's real estate market kicked off 2017 with a bang, and experts say it will likely end the year the same way. November is typically a slow month in real estate, but experts say that doesn't appear to be the case this year. According to Locations' residential real estate report for November, Oahu home
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International betting executives advocate for new wagering options in US

The Colossus system also allows bettors to post a “suggested” multi-leg bet to its social media platform and accept offers to buy shares in the bet. That practice actually does exist in U.S. racing, with account-wagering operators offering their customers shares in a syndicated bet, often as a promotion
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Citi hosts ITE students as part of global education drive

The mysteries of banking, markets and foreign exchange became a lot clearer to 20 students from the Institute of Technical Education (ITE) College East after a visit to Citi Singapore's trading premises. The visit was part of Citi's annual “e for Education” campaign, a global initiative that has raised
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No surprise: real estate a big winner in tax bills

There are major differences between the Senate and House versions of the GOP tax plan. And while corporate America writ large appears to be the big winner in both versions, not all corporations are treated equally. Here's a look at which industries come out on top and which do not. Click the audio
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Why the Democrats' Vote to Impeach Trump Failed

Rep. Al Green (D-Tex.) introduced a House resolution (H.Res. 646) to impeach President Trump on Wednesday. Representatives motioned to table the articles that claimed Trump “is unfit to be president” and should be “impeached for high misdemeanors.” The resolution was voted down by a 364-58
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Real estate market in McCall, surrounding area, sees significant growth

McCall, ID – The Treasure Valley isn't the only place in Idaho experiencing a booming real estate market. Realtors are seeing a double-digit increase in home sales in the McCall area. From its scenic views to its outdoor recreation, Valley County's real estate market is booming. “We've seen a big, very
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Security Flaw in Major Banking Apps May Have Leaked 10 Million Users' Info

“This is serious, users trust that these banks can do their operations security,” Chris McMahon Stone, a computer security PhD student at the University of Birmingham, tells Inverse. “This flaw is now fixed, we disclosed it to all of the banks involved. But if an attacker knew about this vulnerability and say a
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Rate rise would put 260000 mortgage holders at risk

More than 260,000 tracker mortgage customers are “vulnerable” to interest rate rises, new research has claimed. Fergal McCann, an economist at the Central Bank, said that the majority of tracker customers would pay between €100 and €200 extra a month if interest rates rose by 2 per cent.
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Klebba Elected to Bank Board of Directors

“We have relied on FHLB for funding for some of our longer term mortgage loans for our customers, and have participated in a number of their programs to increase the affordable housing options in our communities.” FHLB Des Moines is governed by a board of directors comprised of financial service,
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An empire of bupkes: Macklowe claimed his real estate is worth just $23M

Teitler primarily focused on a 2015 financial statement which Macklowe Properties reportedly submitted to BankUnited, indicating that Harry's net worth was $603 million. That included $632.9 million worth of real estate and other assets, minus $29.8 million in liabilities. His real estate investments
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Newly created tool spots TLS vulnerability in major banking and VPN apps

Eight banking apps and one virtual private app were found to contain a hidden vulnerability in their TLS protections, which could have been exploited to perform man-in-the-middle (MITM) attacks, according to academic researchers who created a new black-box tool capable of detecting the flaw.
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Northwestern Mutual Investment Management Company LLC Cuts Holdings in International …

Northwestern Mutual Investment Management Company LLC Cuts Holdings in International …

Herndon Capital Management LLC grew its position in shares of International Business Machines by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company's stock worth $107,000 after buying an additional 195 shares during the period.
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Culture easy, but wrong, culprit in banking royal commission

Much of the current debate about bank culture focuses on the remuneration and incentive systems. This is largely misplaced. Big banks have multiple cultures and those cultures are shaped by a variety of forces. Incentives might be one, but there are other larger forces at play. A lot of the issues at the
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Recent Origination Milestones in Online Lending

They have now lent to more than 130,000 small businesses which they claim is the largest customer base of any online small business lender. Other significant milestones for the company this year include their $250 million equity raise, securitizing $550 million and finalizing a $200 million revolving
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Two Planes Nearly Collide in Near-Miss at JFK Airport

Disaster nearly struck New York's John F. Kennedy International Airport Tuesday after an airliner mistakenly tried to land on the same runway where another packed plane was attempting to take off. Delta Airlines Flight 4231 to Reagan National Airport was preparing for takeoff and rolling down Runway
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'The buck stops with me': Laurentian CEO takes the heat for mortgage 'documentation issues'

Laurentian Bank Chief Executive Officer François Desjardins isn't shirking any responsibility for the issues with mortgage documentation that sent shares of the company to their worst single-day drop in eight years on Tuesday. In an interview on BNN, Desjardins said ultimately the responsibility over the
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Live Updates: RBI Keeps Key Lending Interest Rate Unchanged

Live Updates: RBI Keeps Key Lending Interest Rate Unchanged. All but two of 54 … The 6-member Monetary Policy Committee (MPC), headed by Governor Urjit Patel of the Reserve Bank of India (RBI) decided to keep the Repo or key lending rate unchanged at 6 per cent, amid inflation concerns.
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Edgestream Partners LP Sells 9877 Shares of Honeywell International Inc. (NYSE:HON)

Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Honeywell International by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,458,065 shares of the conglomerate's stock worth $327,636,000 after buying an additional 114,309
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Mortgage refinance applications surge 9% as rates fall back

Total mortgage applications rose 4.7% last week from the previous week. The increase in the Mortgage Bankers Association's seasonally adjusted report was largely due to a 9% weekly jump in applications to refinance. Lenders suddenly have a strong sales pitch, now that rates are significantly lower
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Data Sheet—Apple's Tim Cook Defends Remarks Praising China's Internet Policies

Wang, a former governor of Guangdong province, of which Guangzhou is the capital, addressed the Fortune Global Forum and hit notes of trade openness similar to the speech President Xi Jinping gave at Davos in January. It's an extraordinary and complicated message. On the one hand, China is
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MyEG granted money lending licence

PETALING JAYA: MyEG Services Bhd has been granted a moneylender's licence by the Ministry of Urban Wellbeing, Housing and Local Government for a period of two years. MyEG told Bursa Malaysia that its sub-subsidiary MyEG Credit Sdn Bhd had received the letter dated November 30 from the
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Greystone Real Estate Advisors Closes $34.5 Million Sale of Tulsa, OK, Senior Living Community

NEW YORK, Dec. 06, 2017 (GLOBE NEWSWIRE) — Greystone Real Estate Advisors provided advisory services to Triad Senior Living, Inc. in its $34.5 million sale of Country Club of Woodland Hills, a 200-unit independent living and residential care community in Tulsa, Oklahoma. National Health
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Diocese of Joliet Wins Bid at Real Estate Auction

According to Dino Diliberto, an advisor with Diliberto Real Estate, who conducted the sale, “it's nice to be involved in something that is bigger than just real estate. This will make a difference.” The property was offered in three parcels. But bidders could present bids on acreage of their choice. In this case
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T-Mobile Is Looking Optimistic Despite the Sprint Deal Collapse

U.S. wireless carrier T-Mobile U.S. said on Wednesday its board authorized a buyback program, its first-ever, for up to $1.5 billion of the company's common stock. The announcement comes a month after CFO Braxton Carter said the company would propose a “significant” share repurchase, a signal that
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How Ackman Hopes to Beat Insider-Trading Lawsuit: QuickTake Q&A

Billionaire investor Bill Ackman's audacious partnership with Valeant Pharmaceuticals International Inc. to make a hostile bid for drug company Allergan Inc. in 2014 brought him a windfall of more than $2 billion even though it failed. It also led to a lawsuit by Allergan shareholders accusing Ackman of
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Newly launched GHL Bank to revolutionise mortgage financing

Ghana Home Loans now GHL Bank is promising to change the way construction and mortgage financing is done in the country as it formally begins operations Wednesday. The institution which has been operating as a mortgage finance company over the past 10 years recently secured a license from
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Russia Hedges Response on Olympic Ban

“Every Russian athlete should decide on his own whether to go under a neutral flag,” Alexander Zubkov, who competed in four Olympics and carried the Russian flag at Sochi's opening ceremony, told Championat.com. The IOC last month stripped Zubkov of two gold medals he won in Sochi after finding
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Danny Masterson, TheSkimm, Sexism at CES: Broadsheet for Dec. 6

Good morning, Broadsheet readers—and happy hump day! Rep. John Conyers calls it quits, TheSkimm is exploring a sale, and TIME magazine reveals its Person of the Year. Enjoy the day. EVERYONE'S TALKING. • What do we do about #MeToo? The New York Times published a story yesterday
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Copper Is Flashing Red as Stockpiles and Spreads Point Bearish

Copper is coming off the biggest one-day slump in two years and the mood in the market is souring. Even though prices are still up dramatically this year, here are four reasons traders are cautious for the future. Supply Swell. Copper inventories held in global exchanges remain stubbornly high, even
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What Emerging-Market Pioneer Mark Mobius Would Do With $100000

A third in commodities, a third in African stocks and a third in Vietnam — that was the pioneering emerging-market investor's response to a question at a Q&A session at Bloomberg's Year Ahead Asia conference in Jakarta. Palladium, which has rallied 45 percent this year, and platinum are the “most
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CEO of Nordic Region's Biggest Bank: Robots Will Replace Many of My Employees

Studies have repeatedly suggested that Koskull is right and that a huge chunk of jobs in banking can be automated. In 2016, a Citigroup report warned that from 2015 to 2025, about 30 percent of the industry could be wiped out, largely due to trends in retail banking. Another report by McKinsey earlier
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Billionaire Andrej Babis Is Named Czech Prime Minister

Billionaire Andrej Babis Is Named Czech Prime Minister

Billionaire Andrej Babis was named Czech prime minister Wednesday, taking a step closer toward his governing plan to cut waste in state spending, build more highways and push the European Union to change its migrant policy. President Milos Zeman named the second-richest Czech, who controls a
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Dallas-Fort Worth Is One Of The Most Popular Moving Destinations Of 2017, This Report Says

“This list represents one of the largest sample sizes of Americans who are actually moving, as opposed to real estate listing or housing trends,” Updater founder and CEO David Greenberg said in a statement. “The list reveals that large cities are very attractive destinations for both consumers that move in
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German Prosecutors Look Into BMW Diesel Cheating Allegations

Munich prosecutors are looking into allegations BMW AG diesel cars are fitted with defeat devices to cheat on emissions levels following tests by German environmental group DUH. The group's claims come after it checked a BMW 320d car, prompting a review by Germany's Federal Motor Transport
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Millions Are Hounded for Debt They Don't Owe. One Victim Fought Back, With a Vengeance

On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small Rhode Island town. Tall and stocky, with a buzz cut and a square, friendly face, Therrien was a salesman for a promotions company.
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It's Official: Putin Says He'll Run for Re-Election

President Vladimir Putin, who's ruled Russia for 18 years, announced he will seek a new six-year term in March. Constitutional limits mean it's likely to be his last. “I can't think of a better time or place to announce it — thank you for your support — I will run for the post of president of the Russian Federation
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Costa Rica Real Estate Market Enjoying Substantial Upward Momentum from BPO Expansion

2017 has been a good year for the Costa Rica real estate market, with aggressive expansion from companies like Amazon and Convergys positioning the country high in the Nearshore rankings. Thanks primarily to the country's strong human talent and large bilingual labor force (approximately 20,000
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You Won't Have to be Super Fit for Space Travel

Blue Origin LLC—which is backed by the world's richest person, Amazon.com founder Bezos—is planning 11-minute flights on its New Shepard autonomous vehicle from its site in West Texas; it has not yet disclosed a fare or when it expects to begin customer trips. The company, which is based in
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Senate Committee Advances Bill to Deregulate Financial Services Industry

“The mortgage related provisions of this bill provide important relief to the housing market by addressing key regulations including HMDA and the TILA/RESPA integrated disclosure,” Stevens said. “We are also glad that the bill amends the SAFE Act to provide increased job mobility for loan originators,
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Will the Canadian Housing Market Avoid a Crash in 2018?

The housing market in Canada continues to be a riddle for many analysts who are tired of calling it a bubble. Housing data after the summer lull is still showing a mixed picture, as the nation's two largest markets are moving in different directions. In Toronto, the benchmark home price index fell for the
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Here Are 8 Emerging Trends, According to Goldman Sachs

From meatless meats to digital twins, the latest “emerging trends” identified by Goldman Sachs Group Inc. include technologies and investing strategies that have been around for a while. “What happens when everything old becomes new again?” the bank asked Wednesday in the second edition of its
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Bitcoin Fails to Win Over Giants of Finance in Scandinavia

First the Nordea Bank AB chief executive called it a “joke” and an “ absurd” construction. Then Danish banks said they wouldn't touch cash from bitcoin speculation. Now, one of Scandinavia's biggest investors is airing its skepticism. ATP, Denmark's largest pension fund with about $120 billion in assets
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'MeToo' Movement Named Time Magazine's Person of the Year

New York (AP) — The silence breakers have been named Time magazine's Person of the Year. Dozens of men and women have shared their stories since October about sexual misconduct by numerous high-profile men in entertainment, media, business and sports. The revelations also helped prompt
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Balance of Power: Trump Defies 70 Years of US Policy on Jerusalem

Branstad made the remarks in an interview with Bloomberg's Tom MacKenzie as the U.S. sent a B-1 bomber to join large-scale aerial drills with South Korea and a neighboring Chinese province advised its residents on how to survive a nuclear attack. High expectations | It's been almost three years
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Pound Falls as May Faces Revolt From Within Party Over Brexit

The pound fell for a second day against the dollar, while U.K. government bonds rose, as Prime Minister Theresa May faced rebellion from her Cabinet just days before a key meeting with the European Union. Sterling slipped after EU officials said more progress was needed before moving Brexit talks
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Fate of $700 Billion Power Trade Hinges on Trump Buzzword

Hurricane winds and raging wildfires knocked out power to millions of people from Florida to California this year, underscoring the need to protect America's electric grid from disaster. President Donald Trump's administration has a plan to achieve what it calls “resiliency”: Keep money-losing coal and
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Collateral pains stinging buy side

“Regulation is limiting possibilities for the securities lending market”, according to Habib Motani an international financial markets lawyer at Clifford Chance. As Global Custody Forum in London yesterday, panellists discussed collateral challenges and the ways in which the market is adapting, but
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Bombay HC Upholds Validity Of Real Estate (Regulation And Development) Act

Petitioners had challenged Section 3, 5, 7, 8, 11(h), 14(3), 15, 16, 18, 22, 43(5),59,60,61,63 and 64 of the Real Estate (Regulations and Development) Act, 2016 and Rules 3(f), 4,5,6,7,8,18,19, 20 and 21 of the Registration of real estate projects, Registration of real estate agents, rates of interest and
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Bankers' pay a victim come the robot revolution

“People said automation is only in personal banking,” Mr von Koskull said in Stockholm. “But there are elements of it in investment banking, corporate banking, liquidity management, foreign exchange. You need to look at how much of it is automated and whether there's less human involvement.”.
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Insurer trying to right the wrongs of an independent agent gone bad

“To help ameliorate the situation, Commonwealth has been working with the North Carolina Department of Insurance and the real estate closing attorneys who were provided these unauthorized and fraudulent policies on behalf of their clients by Blue Ridge, to assist these attorneys in obtaining
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US GOVTS OUTLOOK-Position squaring, flattener fatigue, pre payrolls and supply

At 09:45, the New York Fed will purchase up to $1.515 bn in 30-year Fannie Mae and Freddie Mac securities in the first of two FedTrade operations on the day. The second operation, closing at 11:45, seeks to purchase up to $565 mn of 15-year Fannie Mae and Freddie Mac paper. There are neither
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Freddie Mac Pfd P (FMCCP) AO Trending Up This Week

Freddie Mac Pfd P (FMCCP) AO Trending Up This Week

The Awesome Oscillator for Freddie Mac Pfd P (FMCCP) is showing a five day consistent uptrend, signaling building market momentum for the shares. Author and trader Bill Williams created The Awesome Oscillator Indicator (AO) and outlined the theory and calculation in his book “New Trading
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Quebec credit union Desjardins Group lifts moratorium on pipeline lending

CALGARY — Quebec credit union Desjardins Group says it is dropping its moratorium on loans for pipeline projects in favour of a framework of general environmental and social responsibility practices that will inform all future lending decisions. Spokeswoman Chantal Corbeil says the decision ends
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House Panel Investigating Russia Is Set to Interview Trump Jr. Today

Donald Trump Jr., the president's oldest son, is being interviewed privately Wednesday by the House Intelligence Committee following disclosures that Democrats say must be explored in the probe of possible collusion between the Trump campaign and Russia before the 2016 election. The voluntary
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Corporate Boards Are Ignoring Risks of Sexual Harassment: Q&A

Companies and corporate boards that focus on closing the gender pay gap, appointing female board members and executives and creating a culture that prevents sexual harassment are set to outperform those who don't, according to Joe Keefe, CEO of Pax World Management LLC. Betting on more
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Patel Joins Goldman Betting on India Investment Turnaround

Patel also flagged an increase in capital raised from the primary markets, saying that once this is used to set up new projects, it will boost demand and growth. Priced initial public offerings doubled to a record 749 billion rupees ($11.4 billion) in 2017, according to data compiled by Bloomberg.
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New government already impacting property market

The Government is already having an effect on the property market. The latest QV House Price Index shows nationwide residential property values rose 3.6 per cent in the November quarter. The annual rate of growth was 6.4 per cent. Wellington was one of the regions leading the trend, where house
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Raisin grows banking panel to 40 as customer numbers rise to 100000

Shortly before the end of the year, Raisin has reached two further important milestones: The total number of customers has grown to 100,000 and, in addition, Raisin has integrated more than 40 partner banks from 18 European countries. Raisin continues to consolidate its position as the leading
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A Decade Post-Recession: A New Mortgage System

The mortgage crisis that started in 2007 played a significant part in the recession and its consequences continue to manifest today. Traditional lenders are still waiting for clarifications on high-volatility loans, while alternative financing companies are gaining larger shares of the market. Kirsten Paul, a
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India | Reforms Give A Major Boost To Banking Business

Indian prime minister Narendra Modi's efforts to boost the country's global appeal are paying off, says the World Bank. In the 2018 edition of its Ease of Doing Business index, India jumped 30 places from last year, reaching 100th place among 190 countries—and cracking the top 100 for the first time.
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Undoing the Federal Government's Reverse Mortgage Fiasco

To avoid any further compounding of the fiscal fiasco, policy leaders should wind down the federal Home Equity Conversion Mortgage program, and in the interim certainly refrain from any misguided reforms that would increase moral hazard, put more taxpayer money at risk, and ultimately continue to
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4 factors that could lead to a property market crash

It basically means that, as households perceive the value of their assets increasing, it makes them feel like they are sitting on a lot of money…so they spend more,” the report said, stressing that with such high mortgage debt, the property market would only be sustainable if the interest rates are kept low.
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The way Americans buy homes is changing — and it presents a huge problem for the middle class

On the other side, 49% of homes priced at $2 million or more are bought with cash, which can be a result of luxurious lifestyles, especially among international buyers, according to The New York Times. This means millions of Americans are stuck in the middle and can't buy a home in cash. For the most
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CBRE Arranges $31M Refinancing for Apartment Property in Kalamazoo, Michigan

KALAMAZOO, MICH. — CBRE has arranged a $31 million Freddie Mac loan for the refinancing of Candlewyck Apartments in Kalamazoo. The 487-unit apartment property is located at 132 Candlewyck Drive. Jason Brown and Dan Gable of CBRE arranged the loan on behalf of Zidan Management
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No Surprise From RBI Turns Bond Watchers' Focus to Fiscal Policy

The Reserve Bank of India's policy decision has come and gone, without really changing much for the local bond market that's grappling with its worst losses since 2013. The central bank kept interest rates unchanged, made a small tweak to its inflation forecast and didn't really commit to anything on the
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House Hunting in … Poland

The tri-city area is one of the strongest markets in Poland, said Arkadiusz Wojciechowski, managing director of Poland Sotheby's International. Tourism, the port and a growing business environment have made it popular with investors and second-home buyers, he said. New developments are
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Heard on the Street: Rochester real estate is hot, despite falling temps

Dentist Dr. Ryan Henrichsen made a commercial real estate investment in an industry that he knows well. … The Guider Group — Northern Valley LLC of Minnetonka purchased the Crown Apartments at 2850 59th St. NW from the top owner of Rochester apartments, Investors Real Estate Trust of North
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Latest Insider Trades For Baxter International Inc. (BAX) Sees Thomas T Stallkamp Buying 8920 …

Baxter International Inc. (NYSE:BAX) on Dec. 5, 2017 saw a significant decline, closing the day at $64.25, or a decline of $0.23 or (0.36%).Volume levels spiked and BAX actually managed a breakout which translated to 2.56 million shares changing hands on the day. BAX traded on a high for the day of
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Find Real Estate & Property For Sale in 텐프로안마위치 【옥부장】♧ 【 0lo๑9814๑l672 】 남다른서비스ʕʘ̅͜ʘ̅ʔ 텐프로안마가격 ≒ 텐프로안마예약 ▥ 텐프로안마번호 ∇ 텐프로안마 ⇔ 텐프로안마문의. Search for real estate and view the latest li
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Canada central bank keeps key lending rate at 1 pct

Canada's central bank on Wednesday maintained its key lending rate at one percent, saying it expects an uptick in the economy to moderate as the year comes to an end. Job creation, consumer spending and business investment have been strong in 2017, but there is “considerable uncertainty” in
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NY agency frames settlements as new approach to 'predatory' lending

The New York City Department of Consumer Affairs said it took a new approach to “predatory” lending practices when it pursued claims against three subprime auto lenders that bought retail installment sales contracts from four used-car dealerships in Brooklyn that the department said misled consumers
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Bank of Canada Reiterates Caution in Holding Rates Steady

Bank of Canada Reiterates Caution in Holding Rates Steady

The Bank of Canada kept borrowing costs on hold at its last interest rate decision of 2017 and reiterated it will be “cautious” with future moves, indicating it's in no rush to cool an economy that is very close to capacity. Policy makers led by Governor Stephen Poloz left the benchmark overnight rate at 1
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On Twitter, Farmers Are Begging Trump Not to Bail on Nafta

Farmers showed up at the polls for Trump. Now they want him to do the same for them on NAFTA. By. Deena Shanker. @deenashanker More stories by Deena Shanker. December 6, 2017, 10:31 AM PST. President Donald J. Trump was largely supported by American farmers during the election, even
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Parametric Portfolio Associates LLC Has $227.90 Million Position in Honeywell International Inc …

Hanson McClain Inc. raised its holdings in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate's stock valued at $101,000 after buying an additional 3 shares during the last quarter. Burt Wealth Advisors raised its holdings in
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Freddie Mac Prices $1.5 Billion Multifamily K-Deal, K-GS1, Backed by Properties Controlled by …

MCLEAN, VA–(Marketwired – Dec 6, 2017) – Freddie Mac ( OTCQB : FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) backed by fixed and floating-rate multifamily mortgages with seven and ten-year terms. The approximately $1.5 billion in K Certificates
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Property values on the rise, tax bills to follow

Real estate assessments are likely to rise in Chesterfield next year, meaning more revenue for the county government and higher taxes for property owners. Though the finalized numbers won't be publicly available until late January, Chesterfield's office of budget and management projects that the
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Sonoma Valley Bank trial draws to a close

Through that entity, Madjlessi and Lonich were later able to gain control of the apartment complex and get refinancing from government lender Freddie Mac. Lonich was to receive rent from the apartments totaling about $200,000 a year. He is accused of obstructing a subsequent criminal investigation by
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Why We Should Kill the Mortgage-Interest Deduction Once and for All: Podcast

Under current law, homeowners can deduct interest on mortgage loans of up to $1 million for two houses, plus interest on home equity loans worth another $100,000. That currently costs the federal government about $70 billion in foregone revenue, making it one of the biggest “tax expenditures” in the
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How Construction Loans Help Finance Your Dream House

Buying your dream house requires a mortgage, but building your dream house? Well, that requires a mortgage with a twist. Construction loans are shorter term, higher interest rate loans that cover the cost of building or rehabilitating a house. The lender pays a construction loan to the contractor — not
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South Dakota Investment Council Has $1.16 Million Stake in Korn/Ferry International (KFY)

Texas Permanent School Fund raised its holdings in Korn/Ferry International by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 41,924 shares of the business services provider's stock valued at $1,448,000 after buying an additional 350 shares during the period. SG Americas
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Desjardins Group lifts moratorium on pipeline lending

CALGARY – Quebec credit union Desjardins Group says it is dropping its moratorium on loans for pipeline projects in favour of a framework of general environmental and social responsibility practices that will inform all future lending decisions. Spokeswoman Chantal Corbeil says the decision ends
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Without Immigrants, the Fortune 500 Would Be the Fortune 284

Home » News » Without Immigrants, the Fortune 500 Would Be the Fortune 284. Without Immigrants, the Fortune 500 Would Be the Fortune 284. PhilanthroPOST logo. Wednesday, December 6, 2017. Read more @ CityLab. Find More By. News type. Sector News. Funding Area. Immigration.
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American International Group Inc. Raises Stake in Hemisphere Media Group Inc (NASDAQ:HMTV)

American International Group Inc. raised its holdings in Hemisphere Media Group Inc (NASDAQ:HMTV) by 10,011.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 978,609 shares of the company's stock after buying an additional 968,931
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Bitcoin Is Still a 'Joke,' These Finance Giants Say

In this photo illustration a man shows an application for Bitcoin in front of a window of the offices of the bank “La Maison du Bitcoin” on December 05, 2017 in Paris, France. The value of the digital Cryptocurrency, Bitcoin, has increased tenfold since the beginning of the year with the price of Bitcoin now
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Numis profits driven by record year for investment banking fees

A record 12 months of investment banking revenues has helped the co-chief executives of Numis deliver an 18% profit rise in their first year in charge at the UK stockbroking firm. Numis said today that pre-tax profits for its financial year ended September 30 rose 18% to £38.3m on the back of a 16%
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Sales in New Zealand's biggest housing market in Auckland bounced back in November

Residential property sales in New Zealand's biggest housing market in Auckland bounced back in November after two months of slowing growth, the latest index shows. It means that the Auckland market is holding firm and buyers are returning, according to Kiri Barfoot, a director of Barfoot & Thompson
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How Much is Trump Worth? Mueller's Deutsche Bank Subpoena Could Solve the Mystery

Robert Mueller's reported request to Deutsche Bank for information on Donald Trump's loans indicates the special counsel has now crossed a “red line” the president identified months ago, and could ultimately solve the mystery of how much Trump is really worth. The accounts in at least five separate
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Dallas medical real estate firm buys $167 million in buildings

A Dallas real estate developer and investor has purchased a dozen buildings, including a project in Plano. Caddis Partners LLC said it expects to buy 15 properties valued at $167 million by the end of the year. The healthcare real estate market last month launched a new investment fund that purchased
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Glassdoor: These are the best-rated places to work in real estate

And every year, the website releases its Glassdoor Employees' Choice Awards for the Best Places to Work. And every year, Facebook pretty much takes the top spot. But how do real estate companies do? How many reach the top 100 place to work, as rated by the people who work there? Well, there are
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A Bitcoin Frenzy Like No Other Is Gripping South Korea

While neighboring Japan hosts more transactions by some measures, Korea punches far above its weight: In the 24-hour period through Wednesday evening in Seoul, about 21 percent of the world's bitcoin trades on fee-charging venues involved the Korean won, according to Coinmarketcap.com.
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Mortgage Application Levels Bounce Back With Gusto

Prospective homebuyers shook off their Thanksgiving weekend dopamine haze and returned to their lenders' offices, according to the Mortgage Bankers … The Refinance Index increased by nine percent from the previous week, while the refinance share of mortgage activity increased to its highest level
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Brazil cuts benchmark lending rate by 50 bps to 7.00%

Brazil cuts benchmark lending rate by 50 bps to 7.00%

Brazil cuts benchmark lending rate by 50 bps to 7.00%. Wed 6 Dec 2017 20:26:06 GMT. Author: Adam Button | Category: Central Banks. Author: Adam Button. share
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UnitedHealth's Splish Beats CVS-Aetna's Splash

The $214 billion company announced on Wednesday that it's buying DaVita Inc.'s physician-network business for $4.9 billion. It's just the latest step in UnitedHealth's push to diversify its revenue. Thanks to deals over the past few years, the company isn't just the largest private U.S. health insurer,
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Steinhoff Share-Price Collapse Blindsides Optimistic Analysts

A Steinhoff International Holdings NV logo sits on display outside the company's offices in Stellenbosch, South Africa, on Wednesday, Aug. 17, 2016. Acquisitions including Pepkor Holdings Pty Ltd. and French furniture chain Conforama France SA have transformed Steinhoff International Holdings NV,
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American Lending Center Hosts Comprehensive Industry Training for Foreign and Domestic Staff

LONG BEACH, Calif.–(BUSINESS WIRE)–American Lending Center (ALC) – a subsidiary of Regional Centers Holding Group – this week hosts their China branch for an annual company-wide training educating employees on EB-5 best-practices, with a particular focus on new initiatives with green
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Q3 Downer: HBC Cites Plans to Reverse Sagging Trends

The Hudson's Bay Co., currently underperforming at several of its divisions, sees better days ahead principally through digital initiatives, cost-cutting, new business partnerships, European expansion and monetizing real estate assets.”While Saks Fifth Avenue and Hudson's Bay are performing well, our
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Flynn Said Russia Sanctions Would Be Nixed, According to a Whistle-Blower

Former national security adviser Michael Flynn promised a business associate before the inauguration of Donald Trump that U.S. sanctions with Russia would be “ripped up” by the incoming administration, according to a witness account described by House Democrats. Elijah Cummings, the top
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Flaw discovered in banking apps leaving millions vulnerable to hack

Scientists have discovered a flaw in banking apps used by millions of customers that left them vulnerable to hackers exploiting wifi. Researchers ran a tool on apps from HSBC, Natwest, Co-op banks and others and found online criminals would have be able to con the software into revealing personal
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Housing Prices Down 5.6% in Dubai

Dubai's housing market has defied high hopes for a turnaround this year, dogged by oversupply in luxury and neighboring political crises, according to a report by brokerage and consultants Cluttons. Property prices slipped 5.6% in the year ending in September, with prices falling 1.9% in the third
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Together teams widens distribution with SimplyBiz Mortgages and Personal Touch

Personal Touch as the latest broker network to partner with Together, providing access to its appointed representative (AR) firms across the UK. Together will lend up to £1 million on residential mortgages, both capital repayment and interest-only options. There are no valuation or lender's legal fees and
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How are Alabaster's housing, commercial markets faring?

In comparison, the city had issued 88 new home permits for projects valued at a total of about $20.7 million through the first 10 months of 2016. Alabaster is on track to meet or exceed 2016's year-end numbers for new home permits this year, as the city issued a total of 101 permits last year, 100 in 2015,
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Broadening The Banking System: How To Expand Bank Access Worldwide

For middle-class people in high-income countries like Japan, Singapore, and the United States, banking seems like a right rather than a privelege. There's no better way to hold onto large amounts of money both securely and flexibly, and thanks to debit cards and online banking services, it's easier than
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Banking crisis in Wales, says Plaid Cymru AM Adam Price

There is a community banking “crisis” in Wales with so many bank branches closing, Plaid Cymru has said. The party's AM Adam Price told the Senedd more than 180 bank branches had closed in Wales since 2011. “We are now in a position that in many parts of Wales there are no financial services
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Your retail banking reps have been unable to link an account to my on… – TD Helps

Your retail banking reps have been unable to link an account to my online access. Can you help? – Let TD Helps show you how you can reach your goals.
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Uganda's Leader Defends Plan to Remove Presidential Age Limit

Ugandan President Yoweri Museveni said removing an age limit for the top job, a move that would allow him to seek a sixth term, could help ease what he called a leadership crisis in Africa. Maintaining the age limit of 75 would deny the East African nation the constitutional right to choose its leaders,
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Lenders treading slack water as real estate sector waits for reset

The term “slack water” has been used to describe the current market for real estate finance, and it seems about right. It is well known that lenders pursue deals when the market hits bottom, and also as it rises. On the down slope, however, deal flow dries up and lenders hold their capital on the sidelines
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Together expands mortgage broker network

Richard Tugwell, group intermediary relationship director at Together, said: “It is an exciting time for us as we continue to expand, and we are really pleased to be working with both SimplyBiz Mortgages and Personal Touch as we reach out to even more brokers across mainland UK.” Martin Reynolds
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Real estate firms: Isle of Palms house sells for record $6.4 million

The 6,758-square-foot oceanfront house at 120 Ocean Blvd. sold this week, according to two real estate firms involved in the transaction. Daniel Ravenel Sotheby's International Realty represented the seller, Rom Reddy of American Synthetics, who paid $2.12 million for the property in 2011, according
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Mortgage Rates Wednesday: Down, Along With Inflation Pressure

The average rate on a 30-year fixed-rate mortgage plunged seven basis points, the 15-year fixed rate fell six basis points and the 5/1 ARM fell one basis point, according to a NerdWallet survey of daily mortgage rates published by national lenders Wednesday. The 30-year, fixed-rate mortgage is six
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Director of Real Estate

Standing teams are: Investment Grade Fixed Income, Public Equity, Private Equity, Opportunistic Fixed Income & Inflation Sensitive, Real Estate, Multi-Strategy, and Investment Operations. Certain teams are responsible for multiple investment programs/policy portfolios (i.e., policy portfolios are defined in
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Myanmar to approve five specialised banks for targeted lending

This way, the banks can focus on lending effectively to businesses in each region,” he said. The CBM should also systematically monitor the specialised banks so that they don't give out additional financial assistance to those with connections to their financiers. “Specialised banks are established by
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Trade group proposes mortgage tax credit

Trade group proposes mortgage tax credit

CHLA, which opposes the GOP bills as written, is floating a 15 percent tax credit, which would be applied to a homeowner's overall expenses for mortgage interest, charitable deductions, and state and local taxes, including property taxes. The credit would only apply if a person owed money to the IRS,
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Louisville real estate exec joins Hollenbach-Oakley leadership team

A Louisville commercial real estate veteran with more than three decades of experience has taken on a new challenge at a new company. Lee Hasken joined Louisville-based commercial real estate firm Hollenbach-Oakley as vice president of design and construction, according to a news release.
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Tencent CEO Pony Ma Criticizes Alibaba, Says Chinese Rival Acts Like a Landlord

“We don't provide a mall, we will not rent out this counter to allow you to do business,” Pony Ma explained, speaking Wednesday at the Fortune Global Forum in Guangzhou, China. “Instead we allow you to build your own house. After you built it, your fans, your clients are all yours, you don't need to pay
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BEF and FFE surpass £2m of lending across Yorkshire, Humber and Tees Valley

The programme – which funds SMEs across Yorkshire, Humber and the Tees Valley – had achieved £1m of small business lending just four months ago. So far, the Bradford-headquartered BEF and Doncaster's FFE have provided 50 investments to SMEs in the NPIF region. Both platforms were named
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Housing Market – Nationwide Value Growth Rallies

The latest monthly QV House Price Index shows nationwide residential property values for November increased 6.4% over the past year which is a much faster rate of increase than last month's annual growth of 3.9%. Values rose by 3.6% over the past three months which is also much faster than last
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Here Are the Housing Markets That Are Going to Get Hammered by the Republican Tax Plan

Because they're designed to cap popular deductions that benefit homeowners and limit the number of itemizers, the Republican tax bills are expected to put a dent in house prices around much of the United States. And, under the recently passed Senate version, nowhere seems to get it worse than the
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Lending Cupboard landed 'Award of Excellence in Community'

Red Deer-based The Lending Cupboard recently landed the 'Award of Excellence in Community' from the Premier's Council on the Status of Persons with Disabilities. The Lending Cupboard lends out medical equipment at no cost across Central Alberta, and it continues to meet a growing need across
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MBA: Refinance share hits highest level since September

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,100) increased slightly to 4.16% from 4.14% last week. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 4.11%, up from last week's 4.07%.
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Gig Workers Less Enthusiastic About Homeownership

… on-demand services such as ride sharing and accommodation, and included questions about it in their Third Quarter National Housing Survey. … The two groups of renters differed only slightly in their opinion about how difficult it might be for them to get a mortgage (over two-thirds thought not), but gig
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Mortgage rates today, December 6, plus lock recommendations

Mortgage rates today fell — good news for anyone floating an interest rate. Payroll processing giant ADP reported adding just 190,000 new payrolls in November. That's 45,000 fewer than the previous month, which is good for mortgage rates. However, analysts had predicted a drop in employment,
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UnitedHealth buying DaVita Medical Group for nearly $5-billion

The nation's biggest health insurer is spending nearly $5-billion to buy hundreds of clinics, just three days after rival Aetna announced a bigger tie up with CVS Health Corp. UnitedHealth Group Inc. said Wednesday that it will buy DaVita Medical Group in a deal that extends the reach of its Optum health
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Housing market in 2018: will there be relief for buyers?

Property prices in the capital have risen 11 per cent in the past 12 months, and while a number of commentators report that the level of price inflation is increasing, we would argue that a new trend of price stability is actually emerging and that the annual rate of increase in property prices will fall to 7-8
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This local bank is doubling down on lending and servicing to government contractors

Access National Bank is expanding its government contracting business, launching a new team to ramp up the lending and other services it offers its biggest industry segment. “Now that sequestration is behind us and it appears that the contractors' budgets are getting a little bit of relief with the new
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Wal-Mart Plans to Change Its Name

McMillon has sought to position the company as an e-commerce powerhouse — and a rival to Amazon.com Inc. — by acquiring web retailers like Jet.com and Bonobos, offering two-day free delivery, and hiring Ivy Leaguers to help run its internet operations. It's also teaming up with Google on
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M&T provides $217M to refi Empire Stores

M&T Bank and the Brooklyn Bridge Park Development Corporation provided the financing for 53-83 Water Street, the Commercial Observer reported. The loan consolidates and replaces $117 million in previous financing from BBPDC and includes a new $101.3 million leasehold gap mortgage,
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Franken Faces Calls to Quit From Wave of Top Democrats

A wave of U.S. senators, most of them women, called on fellow Democrat Al Franken to resign Wednesday following allegations that he groped or sexually harassed women. His office said he'll make an announcement on Thursday. Within minutes of each other, Senators Patty Murray of Washington,
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Retailers Can Forget About Being Bought by Steinhoff Now

Steinhoff International Holdings NV, the South African retail group, has got itself into a bit of a pickle. The company said on Tuesday that Chief Executive Officer Markus Jooste had resigned with immediate effect after it had discovered accounting irregularities that require further investigation. The stock
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Trump Recognizes Jerusalem as Capital of Israel, Shifting Policy

President Donald Trump on Wednesday recognized Jerusalem as Israel's capital and announced he would begin moving the U.S. embassy there, despite warnings from world leaders across the globe that the move would undermine peace efforts and spark violence. “It is time to officially recognize
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550 Vanderbilt is a popular destination for Chinese money – if not for Chinese buyers themselves

They prefer new construction because the process is less onerous for international buyers than buying a co-op or a resale condo. Since 2015, marketing at the building has shifted focus, and the Chinese marketing push has lessened. Greenland's Shanghai office is less active, according to Wang, and
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CII suggests measures to govt to strengthen banking sector

New Delhi [India], December 6 (ANI): Hailing the government's powerful package of Rs 2.1 lakh crore for bank recapitalisation, Shobhna Kamineni, President Confederation of Indian Industry (CII) has urged the government to take further reforms to strengthen the banking sector. “Banks may be permitted
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