Technology, not legislation is leading the open banking revolution

Technology, not legislation is leading the open banking revolution

The directive will force banks to open up their customer data and payments infrastructure to third-party personal finance management apps or payment providers at the customer's request. Data will be put back in the hands of the consumer and ignite an increased competition in the retail banking market.
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Four reasons small business are finding it hard to secure business loans

small business A recent study on the state of financing for small businesses show that as much as 82% of U.S. small businesses have their loan applications denied when they apply to a bank. Banks are simply not enthusiastic about lending money to small businesses – a disheartening revelation if you
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David Hatef Launches New Luxury Real Estate Website

Each community page summarizes the neighborhoods' culture and overall feel, including the lifestyle, nearby parks, restaurants, nightlife and local schools. In addition to local real estate insights and trends, each neighborhood guide also includes a stunning video overview, helping clients connect more
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Canadian Spy Agency CSIS Labels Blockchain a “Mega Trend”

Canadian Spy Agency CSIS Labels Blockchain a “Mega Trend” … It detailed “mega trends” the agency was monitoring as factors which would affect economies, society, and security in the next five to 15 years. CSIS originally … This would include government services, healthcare records, and real estate.
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It Seems Cherry Hill Mortgage Investment (NYSE:CHMI) Will Go Up. Just Reported Less Shorted …

Investors sentiment decreased to 1.14 in 2017 Q3. Its down 2.74, from 3.88 in 2017Q2. It turned negative, as 7 investors sold Cherry Hill Mortgage Investment Corporation shares while 29 reduced holdings. 15 funds opened positions while 26 raised stakes. 7.28 million shares or 53.36% less from 15.61
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Home sales, average prices rose ahead of stricter mortgage rules

TORONTO — National home sales rose 4.5 per cent in December from the month before as buyers scrambled to nab homes ahead of stricter mortgage regulations coming into effect, the Canadian Real Estate Association said Monday. The organization's monthly report said the number of homes on the
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Vancouver housing market shrugs off tax to outpace GTA

Aggregate home prices climbed 9 per cent in Canada in 2017 as strong gains in British Columbia offset weaker markets in Ontario during the year. The Canadian Real Estate Association reported year-end numbers Monday, showing a benchmark home sales price of $600,300 for Canada in December,
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Guild Mortgage Acquires Cornerstone Mortgage

“Cornerstone is an exceptional company and a close culture match to Guild with its strong values and experienced loan professionals averaging more than 15 years in the business,” said Mary Ann McGarry, president and CEO of Guild Mortgage. “It has been the fastest growing mortgage banker in
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Mortgage lending: Industry forecasts for the new year

Eight of the last 10 years have seen rates fall in the first week of the year, but that's not necessarily an indicator of where rates will end, Leonard Kiefer, deputy chief economist at Freddie Mac, said in a statement. Where those rates end — and how they impact the market — are still a guessing game.
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The Current Analyst Recommendations for Nasdaq, Inc. (NDAQ), Fortune Brands Home & Security …

Nasdaq, Inc. (NASDAQ:NDAQ) shares were trading higher by 1.21 percent ($0.97) at $81.43 a piece in Sunday's session. It had closed the previous session at $80.46. NDAQ trades with a P/S ratio of 3.45. This is lower than the both industry's 12.8 and the wider sector's 6.35. A low price-to-sales ratio,
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TML to use LMS's Panel Link

The Mortgage Lender has partnered with LMS and will be using its conveyancing firm panel service Panel Link from 22 January. Panel Link gives access to a vetted, secure panel of law firms. TML deputy chief executive Peter Beaumont says: “Having operated a restricted panel since launch, we have
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BitBlissCoin ICO Leverages E-Commerce, Lending, and Cryptocurrency Educational Resources …

Digital Currencies Trump Cash with BITBLISSCOIN ICO. As early as January 29th, 2018, BitBlissCoin's ICO will start to innovate and evolve the global financial ecosystem by expanding the breadth of services and investment opportunities digital currencies have – whether you're an everyday consumer,
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Broking industry defends lending and remuneration practices

Members of the mortgage broking industry have challenged a recently published op-ed by Richard Holden, professor of economics at the UNSW Business School, which lambasted the state of the current lending market and broker remuneration, suggesting that lenders encouraged “imprudent
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Canadian home sales rise for fifth straight month in December: CREA

The housing market in Toronto, Canada's largest city, and nearby cities cooled dramatically in the summer after the province imposed new measures to curb speculation, including a foreign buyers tax, amid fears of a housing bubble. Analysts are divided over whether the nation's long housing boom will
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PSD2 Takes Center Stage And Open Banking Era Opens

The monolith is the U.K.'s banking system. The “finally here” is the debut of Open Banking as part of PSD2, which of course extends across the 28-member EU. The dance? The nimbleness with which data is used – and that's the promise and the peril. Here is a landscape where banking is dominated by
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This $750K Toronto listing could be the litmus test for Canada's housing market

Whether the property commands the listing's asking price may tell us a lot about the direction of the housing market in Toronto and, perhaps, the rest of Canada, too. The average national home price reached just over $496,500 in December, up 5.7 per cent from a year earlier, data released on Monday
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Atrium Mortgage Investment Corp to Issue Monthly Dividend of $0.07 (TSE:AI)

Atrium Mortgage Investment logo Atrium Mortgage Investment Corp (TSE:AI) declared a monthly dividend on Thursday, December 28th, TickerTech reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.0733 per share on Friday, January 12th. This represents a $0.88
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HUD Secretary Carson honors Martin Luther King Jr. in Atlanta

Today, the U.S. Department of Housing and Urban Development, along with the rest of America, honors the life and legacy of Martin Luther King Jr. … As for HUD itself, the agency reminded Americans that King's courage, efforts and ultimately, his death, lead Congress to pass the Fair Housing Act of
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Price of average Canadian home rose to $496500 in December, up 5.7% in 2017

The average selling price of a home sold in December rose to $496,500, the Canadian Real Estate Association said Monday, with the group's house price index slowing to its smallest pace of gains since February 2016. The average price increased by 5.7 per cent in 2017, but the real estate agent's
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Calgary real estate trends

Real estate professional Justin Warthe explains what's happening in the market and what's trending for 2018.
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China is heading toward a debt crisis that will throw into question everything we think we know …

China is heading toward a debt crisis that will throw into question everything we think we know …

“In the longer-term, however, lending and investing can't boost GDP if it results in bad debt that is properly written down. The big question is how much bad debt China currently has, and how much more it will be producing in the years ahead.” By some estimates, they add, China's true growth rate, after
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World Finance Digital Banking Awards 2017

LONDON, Jan. 15, 2018 (GLOBE NEWSWIRE) — As the last year has shown, banks have had little choice but to fully embrace the digital revolution. Today, consumers demand the utmost convenience – and they expect no less from their financial service provider. Financial institutions are, therefore,
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Project Manager – RingFencing

Salary: Day rate, Job Type: Contract/Interim, Duration: , Start Date: ASAP – Apply Now for Project Manager – RingFencing – Banking vacancy.
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Looking to travel and set up notification. – Let TD Helps show you how you can reach your goals.
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Banks face profit risks from household debt and global economic recovery: Fitch

In addition, there are also risks posed by the banking royal commission. “Even if it does not identify broad or significant failings, it could exert further pressure on profitability if the reputation of the system or individual entities is further weakened in the process,” Mr Roche said. “The reputation of the system
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Sri Lanka president re-imposes ban on women buying alcohol

COLOMBO, Sri Lanka (AP) — Sri Lanka's president has re-imposed a ban on women buying alcohol and being employed in places where the drinks are produced and sold. President Maithripala Sirisena's order came days after the finance minister revoked the 38-year ban and was announced Monday
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Buy to let for first-time buyers – 'unusual' mortgage deal launches

David Hollingworth of mortgage broker London & Country (L&C) says this kind of product is rare, with most lenders requiring applicants to already own a home. “It is quite unusual for lenders to offer buy to let products to first-time buyers and most will require that new landlords already own a property,” he
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Deliveroo Takes a Kitchen-Sink Approach to Food Apps

It's part of a broader plan by Deliveroo, including a reported move into India, as the startup faces rivals Amazon.com Inc., Delivery Hero, and Uber Eats, among others. A Crust Bros employee cooks a pizza in the wood-fired oven. Photographer: Ana Cuba for Bloomberg Businessweek. Deliveroo says its
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A Bad Start on Reforming Fannie and Freddie

A Bad Start on Reforming Fannie and Freddie … to be the year when the U.S. government would finally address one of the biggest pieces of unfinished business from the 2008 financial crisis: reforming Fannie Mae and Freddie Mac, the quasi-state entities that dominate the U.S. mortgage market.
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Project Manager Banking Software Savings Loans Mortgage

Salary: £50000 – £65000 per annum, Benefits: Bonus + Bens , Job Type: Permanent, Duration: Permanent job, Start Date: 2018-02-17 – Apply Now for Project Manager Banking Software Savings Loans Mortgage vacancy.
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Is Buying Stock Like Standex International Corporation (SXI) After This Bullish Multiple Top Pattern …

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.03, from 1.09 in 2017Q2. It worsened, as 8 investors sold Standex International Corporation shares while 42 reduced holdings. 17 funds opened positions while 36 raised stakes. 10.01 million shares or 0.78% less from 10.09 million shares in
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Adam Tyler to head up FIBA

FIBA hopes this will form a strong base of support and the intention is to reach out and attract brokers, lenders and tertiary service providers involved in the specialist lending sector who have seen the benefits of the Association in the past. Adam has joined FIBA having previously served as the chief
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Housing market sees busy start to 2018 as demand rises 9%

Overall, supply remains tight, with average overall stock per estate agency branch holding steady at 42 properties, the same as a year ago. Miles Shipside, Rightmove director and housing market analyst, commented: “All regions are currently selling at a slower rate than a year ago, indicating choosier
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Xiaomi, Lufax Test IPO Investors' Credulity

Investors, beware Hong Kong's crazy tech IPOs. The market is facing a $160 billion trial balloon. That's the combined valuation bankers are pitching for initial public offerings by China's Xiaomi Corp. and Lufax this year. With Xiaomi now appointing Wall Street kings Morgan Stanley, Goldman Sachs
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Bundesbank to Include Yuan in Currency Reserves, Dombret Says

Germany's central bank has decided to include the Chinese yuan in its own currency reserves, Bundesbank board member Andreas Dombret said. “The renminbi is used increasingly as part of the central bank's foreign exchange reserves for example the ECB included the RMB but also other European
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2017 Was Tough for UK Landlords But Interest in Buy-to-Let Remains Strong

2017 was a challenging year for buy-to-let landlords in the UK, thanks to more stringent mortgage lending conditions and the gradual elimination of mortgage interest relief. Nonetheless, a leading property auctioneer has stated that buy-to-let remains an attractive investment option for many people.
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Carillion Files for Liquidation After Failing to Get Bailout

Carillion Plc, a U.K. government contractor involved in everything from hospitals to the HS2 high-speed rail project, has filed for compulsory liquidation after a last-ditch effort to shore up finances and get a government bailout failed. The company, which employs 43,000 people worldwide — 20,000 of
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Eligible: 'We'll help mortgage brokers fight back against Habito and Trussle'

Eligible co-founder and chief executive officer Hasan Mustafa said the start-up wants to create a level playing field between established brokers and new players. Consumer need for mortgage advice will stay strong in the future, but intermediaries could start to lose out if they fail to keep up with
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China c.bank injects 398 bln yuan via MLF, citing tight liquidity

SHANGHAI, Jan 15 (Reuters) – China's central bank lent 398 billion yuan ($61.76 billion) to financial institutions on Monday via its 1-year medium-term lending facility (MLF), citing a “relatively large” decrease in banking system liquidity, it said in a statement. “With the present peak of tax payments,
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Vietnam's banking sector regains strength

The mobilized capital has increased by 1.5 times, while credit growth rate is stable at 18 percent. The revenue from services has increased to around 20 percent at some banks.
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Mortgage applications for new home purchases drops in December

Mortgage applications for new home purchases drops in December

“After playing catch-up for 2 months following the slowdown caused by hurricanes Harvey, Irma and Maria, mortgage applications for new homes declined in December to a more normal growth rate of 7.8 per on a year over year basis,” Lynn Fisher, vice president of research and economics at MBA, said.
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NatWest to bolster BDM proposition

NatWest Intermediary Solutions will tomorrow relaunch its BDM model by pairing up a field and phone BDM. The lender says this will “give brokers a more tailored and effective service”. NatWest says the changes mean brokers will find it easier to contact a BDM. The lender points out that if a field BDM is
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Bank of Canada to start 2018 with a hike, despite NAFTA risks

But waiting too long to raise rates could also stoke imbalances in Canada's economy fueled in large part by a hot housing market and the growing indebtedness of Canadians. The household debt-to-income ratio stood at 171.1 percent in the third quarter last year. The median forecast in the Reuters poll
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Financial Comparison: AGNC Investment (AGNC) & Cherry Hill Mortgage Investment (CHMI)

AGNC Investment (NASDAQ: AGNC) and Cherry Hill Mortgage Investment (NYSE:CHMI) are both financials companies, but which is the superior business? We will contrast the two businesses based on the strength of their dividends, earnings, analyst recommendations, institutional ownership, risk,
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Zillow names the 10 hottest housing markets in the US for 2018

San Jose, Calif. came in No. 1 in Zillow's ranking of hottest housing markets, fueled by the still-booming tech companies of Silicon Valley. Raleigh holds the No. 2 spot in Zillow's annual prediction, with the Research Triangle powering much of the growth, based on its rising home values and rental prices,
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Ratehub Inc. Raises $12 Million to Accelerate Growth of Mortgage and Insurance Offerings

TORONTO, Jan. 15, 2018 /CNW/ – Ratehub Inc. has raised a $12 million Series A investment led by Elephant, a venture capital firm founded by Jeremiah Daly and Andy Hunt, co-founder of Warby Parker. Simon Nixon, co-founder of U.K.-based MoneySuperMarket, also participated in the funding round.
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[TV*HQ.] Wheel of Fortune (US) Season 35 Episode 92, Torrent Online [S35E92]

Wheel of Fortune (US) Season 35 Episode 92 & Online ShockwaveWheel of Fortune (US) Season 35 Episode 92 Order Online, Watch Wheel of Fortune (US) Season 35 Episode 92 Online S35E92 Free and Streaming, Wheel of Fortune (US) Season 35 Episode 92 Online Second look,Wheel of Fortune
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American Mortgage Diversity Council Welcomes New Members

The American Mortgage Diversity Council (AMDC), an organization focused on shaping the diversity agenda while advancing solutions that support a broad range of diversity initiatives, recently announced the addition of two new members to the council, Mercer Belanger, and Cyprexx. Mercer Belanger
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Which data format option should I choose by default for banking

My bank wants $15/month for me to link up with quickbooks – fyi – it's US Bank. It also tells me I can download the data and import it for free. I have downloaded it and can't get the file to open, as QB 2014 appears to only accept “Web Connect Files (*.qbo). My bank offers the following formats: qif, qxf,
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How to expand your real estate investing business into a new market

In my last article, I talked about what I see as danger signs for the Washington-area real estate investment market. I have had those concerns for quite a while, and for the past year or so I've been putting together a plan to diversify my real estate investing activities. It wasn't all that hard for me. This is
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Real estate agent sentenced over text asking for money and threat to report child abuse to police

He said Maynard was required to reapply for her real estate licence later this year and a criminal history may impact that renewal. Mr McNab said a court decision in 2015 meant that Maynard had an unexpected debts of $20,000 which she was struggling to pay. “She sent the message without much
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Canadian Housing Market Recovering

THUNDER BAY – BUSINESS – “Monthly momentum for national home sales activity gained strength late last year and further expected economic and job growth will buoy sales activity this year despite slightly higher expected interest rates,” said CREA President Andrew Peck. “Even so, momentum for
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Tradeplus24 Steps Into Aussie SME Lending Market With Deep Tech Partner

Switzerland alternative lending company Tradeplus24 is entering the Australian market through a collaboration with Trade Ledger, the companies announced. Reports Friday (Jan. 12) said Trade Ledger will link its deep technology capabilities into Tradeplus24 to enhance small business (SMB)
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Ratehub taps $12-million in venture funding from Boston-based Elephant Partners LP

Ratehub.ca features an array of financial information – mortgages, credit cards, savings and insurance – for comparison shopping. The company also sells mortgages through its CanWise Financial arm. Revenue was rising more than 100 per cent annually, approaching $10-million a year. Ratehub
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Devita Saraf Unveils Zoya's New Store in Mumbai as a Zoya

“I am privileged to be a part of the Prime Minister's 'Champions of Change' program for Make in India, and I truly believe that Indian luxury brands like Zoya have the potential to put India on the discerning international buyer's map. Every piece at Zoya reflects exquisite Indian craftsmanship along with a
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New tax law good and bad for real estate

We're all thinking this bill turned out not nearly as bad as we were fearing, from a real estate point of view.” According to Liddiard, the Tax Code no longer provides a strong incentive for most people to become homeowners since the increase in the standard deduction would greatly reduce the value of
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Lady Lucan leaves her fortune to Shelter

Lady Veronica Lucan, the wife of Lord Lucan who vanished more than 40 years ago, has left her fortune to homeless charity Shelter after reportedly cutting her children out of her will. The Dowager Countess of Lucan took her own life in September after being misdiagnosed with Parkinson's disease.
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Dubai to go all out for overseas buyers

“Our message to overseas investors remains the same — Dubai can offer yields of 7-11 per cent compared with the 3-5 per cent you might get elsewhere.” The Land Department already has 'promotion trustees' operating out of the Dubai head office, who effectively act as liaison for international buyers
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Three Important Risk Metrics For Standard Chartered PLC (LON:STAN) You Should Know

One of the biggest risk Standard Chartered PLC (LSE:STAN) faces as a bank is bad loans, also known as credit risk. With a £27.42B market capitalisation, it falls in the large, commercial bank category. During the GFC, large banks with risky lending portfolios exposed to the volatile credit market lost
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Teranet: Montreal and Toronto Real Estate Prices Drop, Vancouver Soars

Canadian real estate prices are finally stabilizing… if you don't dig deeper. The Teranet-National Bank Home Price Index (HPI) stopped its decline in December, and actually printed a climb. That's an encouraging sign, until you break down the index by city. Most of last month's climb was due to one city,
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Jacobson & Schmitt Advisors Upped Its Luxoft Hldg (LXFT) Holding; Investors Title Co (ITIC) Stock …

Jacobson & Schmitt Advisors Upped Its Luxoft Hldg (LXFT) Holding; Investors Title Co (ITIC) Stock …

Jacobson & Schmitt Advisors Llc increased its stake in Luxoft Hldg Inc (LXFT) by 56.48% based on its latest 2017Q3 regulatory filing with the SEC. Jacobson & Schmitt Advisors Llc bought 37,522 shares as the company's stock rose 16.10% with the market. The institutional investor held 103,957 shares
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Small Business Lending On the Rise, Report Says

Economic conditions affect small businesses much faster than they do large enterprises. By measuring new commercial loans and leases to small businesses, the Small Business Lending Index provides early warning signals by gauging small business financial stress and default risk. The index is an
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Dubai housing headed for oversupply?

The majority of residential sales were concentrated in the off-plan sector, where developers offer attractive prices and payment plans. A total of 25,600 off-plan properties were purchased in Dubai in 2017, with 2017 set to record the highest level of off-plan sales in Dubai since 2008, explains JLL.
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Focusing on Growth in 2018, Online Lender Lendix Adds Three New Executives to Management …

Leading online lender Lendix is out with a note saying they have hired three new recruits to support its 2018 growth targets. The peer to peer lender currently operates in France, Spain and Italy, but will open up in two additional countries soon. To help manage this expansion and its future plans across
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Martin Luther King Day Is Now More Popular Than Presidents Day

15 in observance of the civil rights leader's birthday, according to an annual survey by Bloomberg Law. The U.S. stock market is closed, as it is for the slightly less popular Presidents Day. (It is open on Columbus Day and Veterans Day.) “I would suppose that there's more recognition for the need of
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Glencore Shrinks Job of Billionaire Copper Head Amid Congo Probe

The shift in management structure brings the copper operations into line with Glencore's other commodity businesses — including zinc, nickel, coal and ferralloys — that have separate heads of marketing and industry. Peter Grauer, the chairman of Bloomberg LP, the parent of Bloomberg News, is a senior
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Ramaphosa Treads Carefully in Sidelining Zuma in South Africa

Less than a month after Cyril Ramaphosa assumed the leadership of South Africa's ruling party, he's taking a diplomatic tack as he moves to stamp his authority over Jacob Zuma's scandal-ridden government. Ramaphosa, speaking in a television interview broadcast Sunday by Johannesburg-based
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Open banking – the invisible reform that will shake up UK financial services

Open banking launched on January 13 in the UK. It requires major banks to share data with third party financial providers. This will bring a new level of transparency and encourage competition, shaking up the financial services industry and levelling the playing field for new challengers to take on the
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Increasingly Isolated Trump Says He's No Racist

As the fight for racial equality takes on new urgency in the U.S., a survey by Bloomberg Law shows Americans are more likely to get a day off in honor of Reverend Martin Luther King Jr. than they are for holidays remembering Christopher Columbus or George Washington. N. Charles Anderson, the chief
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I'm No Fortune Teller, Says Yogi Adityanath, On Screening 'Padmaavat ' In UP

Gorakhpur: Sanjay Leela Bhansali's Padmaavat is not out of the woods yet in Uttar Pradesh. The Rs. 190 crore costume drama, which will be released on January 25, will not be screened in Rajasthan; however, it is not known whether the film will be prevented from hitting the screens in Uttar Pradesh.
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Real estate duo win roles on KPMG office sale

Eversheds Sutherland and Berwin Leighton Paisner (BLP) have won the top roles on the sale of KPMG's London headquarters for £400m. The Eversheds Sutherland team was led by London real estate head Bruce Dear, working alongside partner Nef Jones. Want to read more? Sign-up now for free to
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UPDATE 1-Swedish house prices fall again, consumption holding up

STOCKHOLM, Jan 15 (Reuters) – The Swedish housing market extended its downturn in December amid souring sentiment among households already worried about falling prices, data showed on Monday. Prices have dipped – with the capital Stockholm leading the way – over the last few months
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PSD2 to drive fundamental banking shift within five years.

London, UK: 15 January 2018 – New surveys commissioned by Nordic mobile payment technology provider, Auka, have found many bankers think their organisations will experience a disruptive shift post the second payment services directive (PSD2) which comes into effect today. The surveys saw key
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15-Jan-18 – Wake up, home hunters and families who still have not refinanced that old, high-rate mortgage. Experts forecast the average interest charge on a benchmark 30-year fixed home loan soon will fly above four percent on its way to five percent by the end of 2018. In mid-January, Freddie Mac's
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Neev Finance – Lending Support for Educational Needs

Neev Finance intends to be the most preferred education finance lender in the country having presence in 50+ cities catering to at least 30,000+Intuitions in next five years, says Rishi Kedia Co-founder and CEO, Neev Finance, in an interview with Elets News Network (ENN). What is the scope for a Non
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New age of Open Banking arrives in the UK

Big changes are underway across Europe concerning in the way people bank and manage their money after new rules came into force. The start of the Open Banking system gives individuals, small businesses and entrepreneurs more freedom over their money, meaning for the first time that they can
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JP Morgan hires Papadopoulos to head Greece investment banking

LONDON, Jan 15 (IFR) – JP Morgan has hired the former head of Greece's debt management agency, Stelios Papadopoulos, to head its investment banking business in Greece, according to an internal memo seen by IFR. Papadopoulos started on Monday and will report to Kyril Courboin, JP Morgan's
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Banks face £2bn of losses from collapse of HS2 contractor Carillion

Sky News has learnt that a complex series of financing arrangements for subsidiaries of Carillion mean that the total exposure of its banking syndicate … Industry sources said that £2bn was “a sensible estimate” of the huge losses confronting the company's banks, following the failure of last-ditch rescue
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Jockey Club ban on buying Australian yearlings at Magic Millions was misguided

Others were purchased for Hong Kong, too – just none for the Hong Kong International Sale. It is true, “there are other places to buy horses”, as was stated by HKJC chief executive Winfried Engelbrecht-Bresges last week, but is there a more proven place to do it than down under? That could be argued
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Progeny 3 Cut Tpg Specialty Lending (TSLX) Stake as Shares Rose; As Alibaba Group Hldg LTD …

Progeny 3 Inc decreased its stake in Tpg Specialty Lending Inc (TSLX) by 33.63% based on its latest 2017Q3 regulatory filing with the SEC. Progeny 3 Inc sold 150,000 shares as the company's stock rose 6.27% with the market. The institutional investor held 296,027 shares of the company at the end of
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Computer AI Can Now Read Better Than You Do

Computer AI Can Now Read Better Than You Do

Alibaba has developed an artificial intelligence model that scored better than humans in a Stanford University reading and comprehension test. Alibaba Group Holding (baba, -0.52%) put its deep neural network model through its paces last week, asking the AI to provide exact answers to more than
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Global Market Report – January 15

Wall Street's higher close on Friday gave Asian equity markets the impetus to begin the new trading week higher. Japan's market-capitalisation-weighted Topix index was the biggest riser in percentage terms, rising around 0.5% to 1,883. The Nikkei index was also higher on Friday's close, but Hong
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Scotland's Economy Will Suffer a Massive Blow Without a Brexit Trade Deal

Scotland will suffer an 8.5% hit to the size of its economy by 2030 if Britain leaves the European Union with no trade deal, the Scottish regional government said as it upped its calls for Britain to stay in the EU's single market. Business investment in Scotland could fall by up to 10.2%, compared with
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China Escalates Crackdown on Cryptocurrency Trading

Small peer-to-peer transactions aren't being targeted, they said. Bitcoin fell 1.2 percent to $13,580.50 at 11:36 a.m. in London, according to Bloomberg composite pricing. The Chinese government's rolling clampdown has roiled global markets for bitcoin and other digital tokens over the past few months.
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Xi's Economic Adviser Liu He to Represent China at Davos Forum

President Xi Jinping's top financial and economic adviser, Liu He, will represent China at the World Economic Forum's annual meeting in Davos, Switzerland, next week. Liu, the director of the Office of the Central Leading Group on Financial and Economic Affairs and deputy director of National
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Gatehouse hires two from Al Rayan

Gatehouse Bank has made two appointments from Al Rayan Bank in Umar Ali as head of home finance and Junaid Sarwar as business development manager. Ali spent five years at Al Rayan and Sarwar spent six, before which he worked at Santander and Barclays Bank. Paul Stockwell, Gatehouse
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Variable mortgage rates legislation on hold pending assessment

The private member's motion was put forward by Fianna Fáil's finance spokesman Michael McGrath and was passed through the Dáil despite opposition from then finance minister Michael Noonan. Variable mortgage rates in Ireland have been controversial because they are higher than many other euro
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Second Most Powerful UK Woman Lays Bare May's Brexit Problem

In a deal agreed to last month, U.K. Prime Minister Theresa May guaranteed no hard border will re-emerge on the island of Ireland after Brexit, with Northern Ireland playing by the same rules as those in the south if all else fails. At the same time, May gave an assurance that no barriers between Northern
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Bridging positivity surges as uncertainty around Brexit negotiations eases

Confidence around the prospects for Association of Short Term Lenders businesses and the UK economy has risen significantly whilst the uncertainty around the Brexit negotiations has lessened. The sentiment survey from ASTL lender members reveals that members are more optimistic about the
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$340000 Ridge home backs Lake Panamoka

“The lake is in the back of the house,” says homeowner Bob Nill, who has lived on the property with his wife, Pam, for 23 years. Photo Credit: Douglas Elliman Real Estate / Andy Limjoco. The home, which includes an attached one-car garage, was built in 1960 but has been fully updated since the Nills
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ISLA: German investment tax guidance overhaul is imminent

The Ministry of Finance of Germany (BMF) has confirmed that a revised draft of the the German Investment Tax Act (GITA 2018) guidance notes is due within ten days, according to the International Securities Lending Association (ISLA). EY spokespersons, acting on behalf of ISLA during the discussions,
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National Retail Trends of Grocery Expansion, Backfilling Vacant Stores Evident in Hampton Roads

The large military presence in Hampton Roads also means contending with a number of tax-free shopping options via commissary or military exchange. Food Lion and Farm Fresh have a long history in this market and are holding the market leader positions in terms of real estate with 79 and 34 stores,
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Kulicke and Soffa Industries, Inc. (KLIC) Analysts See $0.25 EPS; Impac Mortgage Holdings (IMH …

Impac Mortgage Holdings, Inc. operates as an independent residential mortgage lender in the United States. The company has market cap of $217.67 million. It operates through three divisions: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. It has a 6.39 P/E ratio.
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FIBA hires Adam Tyler as chairman

The Financial Intermediary & Broker Association (FIBA) has appointed former NACFB chief executive Adam Tyler to lead the trade body. FIBA has emerged from the AOBP and hosts its inaugural annual conference on the 17th January in London. The intention is to reach out and attract brokers, lenders
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Monday's Daily Pulse

Bitcoin fever has hit the US real estate market, especially that of Florida, offering foreign investors a way to dodge currency controls at home and US economic … More interest in food variety and quality — generally known as foodie trends — are forcing Florida restaurants to make dramatic changes at an
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SpaceX Will Test the Engines of the World's Most Powerful Rocket Today

SpaceX did not immediately return Fortune's request for comment on Monday's planned test and last week's delays. According to SpaceX, the Falcon Heavy is the most powerful rocket in operation. It has more than 5 million pounds of thrust, equivalent to 18 747 aircraft. With 27 engines and three cores
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Halifax offers £500 to new mortgage customers, but is cashback worth taking or just a gimmick?

If you're looking for £500 cashback specifically, Accord Mortgages has a better rate with its 75 per cent LTV two-year fixed rate currently at 1.99 per cent, making monthly repayments £423 and the cost over two years £10,161 or £9,661 minus the cashback – almost £200 less than the Halifax deal.
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Mortgage credit availability at 4-year high

There was an increase in the availability of mortgage credit in the third quarter of 2017 the Urban Institute says. Its Housing Finance Policy Center's credit availability index (HCAI) was up to 5.6% in Q3, 2017 compared to 5.1% in the previous three months. This was the highest level since 2013.
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Montréal's Residential Real Estate Market: Strong Increase in Sales and Prices in 2017

15, 2018 /CNW Telbec/ – The Greater Montréal Real Estate Board (GMREB) has released its 2017 residential real estate market statistics for the Montréal Census Metropolitan Area (CMA), based on the real estate brokers' Centris® provincial database. In total, 44,448 sales were concluded in 2017, an 8
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Real estate leader Charter Hall's David Harrison stands up to social activism

The chief executive of Charter Hall Group, David Harrison – who manages more than $20 billion in super fund money in real estate – has hit out against social activism which he says can distract companies with agendas that can put pressure on employees. “I think there is a big dividing line where
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France Wants Compensation From UK for Handling Calais Migrants

France Wants Compensation From UK for Handling Calais Migrants

France is pushing the U.K. to contribute more toward the cost of handling migrants camped out in Northern France who are seeking to cross over to England, an aide to President Emmanuel Macron said Monday. Macron has insisted the subject be discussed at a French-British summit this Thursday at
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Dubai real estate plans to attract global investors

Majid Saqer Al Marri, senior director, real estate promotion department, real estate investment management and promotion centre at DLD, said: “All developers, banks and registration trustees will support us in providing services to investors. We will promote both off-plan and ready properties in Dubai
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UPDATE 1-China c.bank injects 398 bln yuan via MLF, citing tight liquidity

14, the People's Bank of China raised interest rates on liquidity tools, including the one-year MLF to 3.25 percent. Despite the injection, traders said regulators continued to display a bias toward tightening. “The market is deleveraging,” said a trader at an asset management firm in Shanghai, adding that
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Pokies Company Aristocrat Moves To Mobile Gaming With $1.3B Acquisition

Big Fish Casino continues to be the company's most successful title, regularly ranking in the top five most popular apps in the US. The acquisition of Big Fish Games solidifies Aristocrat's efforts in recent years to establish itself as a top player in the online social gaming market. As the online gambling
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UniCredit Mortgage Bank bonds rated by Moodyʼs

In its analysis of the cover poolʼs value, Moodyʼs considered the credit quality of the assets backing the covered bonds (the mortgage-covered bonds are backed by Hungarian residential mortgage loans), as well as the legal framework, the exposure to market risk, and other factors. As of December
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UAE Says Qatari Fighter Jet Intercepted Airliner

The United Arab Emirates said Qatari fighter jets intercepted one of its commercial planes, in what would mark an escalation in the feud straining ties among Gulf Arab monarchies. Qatar denied the incident took place. The plane was on a routine flight to Bahrain's capital, Manama, the U.A.E.'s official
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113 Cambridge Crescent Wyndham Vale Vic 3024

Walk In & Relax. 3 bedrooms House for Sale. AUCTION. 113 Cambridge Crescent Wyndham Vale Vic 3024. Listed by Benlor Real Estate – Werribee . Features: Toilets, Alarm System, Floorboards, Air Conditioning, Carport Spaces, Built-In Wardrobes, Close to Schools, Close to Shops, Close to Transport
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Stephen Hussain, Senior Home Lending Advisor

Contact Stephen Hussain to learn about Chase refinancing or new home mortgage options. Schedule a consultation, learn if you prequalify.
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Banks risked customer security by failing to take PSD2 seriously

Banks' retail customers should enjoy better deals from financial institutions, more secure payments, and easier and more transparent management of their day-to-day financial affairs. To facilitate this, banks across Europe must open up customers' account data to third-party providers should customers
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EPS for II-VI (IIVI) Expected At $0.37; Investors Title Co Has 1.04 Sentiment

Investors Title Company, through its subsidiaries, provides title insurance for residential, institutional, commercial, and industrial properties. The company has market cap of $369.37 million. It underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance
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Vietnam cuts rates for open market operations for first time in 4 years

HANOI, Jan. 15 (Xinhua) — Vietnam's central bank has cut rates for open market operations (OMO) for the first time since 2014 to help commercial banks lower lending interest rates. The OMO rates were lowered to 4.75 percent per year from the previous 5 percent, commercial banks said on Monday.
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One of the Biggest Diamonds in History Has Just Been Dug Up

One of the biggest diamonds in history has been discovered in the mountainous kingdom of Lesotho in southern Africa. Gem Diamonds Ltd. found the 910-carat stone, about the size of two golf balls, at its Letseng mine in the country. It's a D color Type IIa diamond, which means it has very few or no
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From mortgages to NAFTA, the Bank of Canada shows it has real political clout: Don Pittis

Bank of Canada governor Stephen Poloz always insists he doesn't play politics. He also insists the bank is not concerned with the value of the Canadian dollar. But that may not be how the world sees it. Markets now seem confident that Poloz will increase interest rates by a quarter of a percentage point
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Lego Is Teaming Up With China's Tencent to Develop Online Games

Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings (tcehy, +2.83%) to jointly develop online games and potentially a social network aimed at Chinese children. Privately-owned Lego has seen a slowdown in sales growth in recent years, but the Chinese market has been a
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Visit The Largest International Sign & LED Exhibition in China

15, 2018 /PRNewswire/ — The 2018 International Signs and LED Exhibition (ISLE 2018) will take place during March 3-6 in Area B of the Canton Fair … LED Lighting & New Technology, Engraving Machinery, and advertising signs, Inkjet-printing, ISLE 2018 will serve as a premium platform for buying
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Brokers warn lenders only competitive retention products will make an impact

The mortgage product transfer market is estimated to be worth around £100bn per year according to the Association of Mortgage Intermediaries (AMI) and with lenders putting a renewed emphasis on retaining clients it is expected to grow further this year. However, brokers have noted that clients will still
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One of the Biggest Diamonds in History Has Just Been Discovered

One of the biggest diamonds in history has been discovered in the mountainous kingdom of Lesotho in southern Africa. Gem Diamonds (gmdmf, +10.20%) found the 910-carat stone, about the size of two golf balls, at its Letseng mine in the country. It's a D color Type IIa diamond, which means it has very
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Lodestar Investment Counsel Has Decreased By $381225 Its Metropolitan Life (MET) Holding …

Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Among 5 analysts covering Dynex Capital (NYSE:DX), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Dynex Capital
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Appleton Partners Trimmed Biogen Com (BIIB) Position By $737115; 1 Analysts Covering Dynex …

Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. The stock decreased 0.43% or $0.03 during the last trading session, reaching $6.98. About 238,668 shares traded. Dynex Capital, Inc.
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NMI Holdings Inc (NMIH) Stock Rating Lowered by Zacks Investment Research

NMI Holdings Inc (NASDAQ:NMIH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday. According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United
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2017 sees more shopping online, loyalty increasing towards local retailers

2017 sees more shopping online, loyalty increasing towards local retailers

Indeed in December, domestic sites had the edge – up provisional 7 per cent year on year, compared to 4 per cent on international sites. But Baker said it was a little early to call that a trend, as many people did their buying from international sites in November to ensure items arrived in time for Christmas
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Asia Real Estate People in the News 2018-01-15

Leading this week's roundup of job changes, a legal industry veteran has taken on a real estate-focussed role at a British law firm that is ramping up its presence in Asia, while a Singaporean property group has announced a burst of board changes. Also in Mingtiandi's rolodox, plenty of agency
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Alibaba's AI Outguns Humans in Reading Test

Alibaba has developed an artificial intelligence model that scored better than humans in a Stanford University reading and comprehension test. Alibaba Group Holding Ltd. put its deep neural network model through its paces last week, asking the AI to provide exact answers to more than 100,000
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Chill winds in Swedish housing market

Prices fell by 2.5 per cent year on year in the latest HOX/Valueguard index for December — the biggest decline in almost six years — led by a thumping 9 per cent drop in Stockholm apartment prices. On a rolling three-month basis, prices fell almost 8 per cent, the sharpest pullback since the end of 2008.
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Asking prices eke up in January: Rightmove

Property asking prices rose by 0.7 per cent in January to an average of £297,587 in January, according to the latest house price index from property portal Rightmove. Asking prices are now up by 1.1 per cent over the last 12 months. There are significant regional differences though. Scotland saw asking
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Lowdown: Lend Me a Hand

In a shrewd move that went somewhat under the radar on Saturday, the Padres signed closer Brad Hand to a three-year, $19.75 million contract extension. The deal also includes a $10 million option for the 2020 season. The deal buys out Hand's final two seasons of arbitration and at least his first year
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UK government steps in as Carillion forced into compulsory liquidation

Carillion officials made a final rescue appeal to its lending banks on Sunday night after the government refused to rescue the struggling construction … Carillion was forced into compulsory liquidation after costly contract delays and a slump in new business left it at the mercy of its lenders and battling a
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Average UK house prices up £2000 in January, but buyers remain 'choosy'

The average UK house price has risen by £2,067 over the past month, but buyers remain “price-sensitive”, with the number of sales agreed down 5.5pc on the same period a year ago, according to Rightmove. Early indicators of activity in this year's housing market are positive, the property portal said,
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Extend SDLT exemption to shared ownership: Labour

First-time buyers purchasing shared ownership properties should benefit from the government's changes to stamp duty, according to the Labour Party. Chancellor Philip Hammond announced in last year's Budget that first-time buyers would enjoy an exemption from stamp duty on all purchases worth up
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Ease Regulations for New Bank Permits, Brookings Urges India

The Reserve Bank of India could consider easing rules for allocation of permits, including an initial capital requirement of 5 billion rupees ($79 million) and so-called priority sector lending targets, which include loans to farmers and smaller businesses, that stand at 40 percent of total loans. These norms
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Real Estate Report: Market continues to grow

Nine hundred and ninety four homes, lots and condos on Marco Island sold in 2017, up 4 percent from the year before. This represents $694 million in sales volume, up 6 percent from 2016. Three hundred and eighty five houses sold last year for a total of $365.5 million. Four hundred and sixty nine
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Carillion collapses as lenders refuse to provide any further financial support for crisis hit British …

British construction and public services giant Carillion has collapsed after lenders refused to provide any further financial support, forcing it into compulsory liquidation. The stricken company said it had “no choice but to take steps to enter into compulsory liquidation with immediate effect” after last-ditch
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Stricter Fines for Real Estate Business Violations

In a bid to tighten up administrative control over Vietnam's rambunctious real estate market, the Government recently issued Decree No. 139/2017/ND-CP dated 27 November 2017 (“Decree 139”). Decree 139 provides new sanctions for administrative violations in construction and real estate related
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VAT could impact property market in 2018, increase costs, JLL says

Weak economic growth, jobs cuts, lower housing allowances and increase in supply hit the UAE's property sector last year as both rents and prices continued to slide in some segments of the market. In Dubai, apartment prices in the fourth quarter dropped 4.2 per cent year-on-year, while villa prices
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November Canadian small business lending up after six-month decline: PayNet

OTTAWA (Reuters) – Lending to Canadian small businesses perked up in November after declining for the past six months on gains in the construction and transportation sectors, which could bode well for economic momentum heading into the end of 2017, data showed on Monday. The PayNet Small
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New research shows Australian kids were given $1.1b in pocket money over the Christmas break

New research shows Australian kids were given $1.1b in pocket money over the Christmas break. THE average child scored a fortune these holidays — and you can probably guess exactly what they chose to spend the cash on. Alexis Carey. news.com.auJanuary 15, 20181:03pm. Video; Image
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Bank Notes: How Wells, PNC fared with new tax law; NJ Bankers oppose legislation

TD Bank (NYSE: TD), the Philadelphia region's second-largest bank, is looking to expand its U.S. mortgage operations this year and named a new head of that division as well as a new national sales director, according to Housing Wire. Rick Bechtel was most recently head of mortgage banking at CIBC
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Property market overview:London house prices fall while rest of the UK sees growth

The average asking price for a London home has dropped by an average of £22,000 in a year as the capital's property market continues to readjust after years of rapid price growth. Sellers across the capital have wiped an average of £9,000 off asking prices in just one month since December in an effort
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Average UK property asking price up £2000, says Rightmove

With affordability stretched and incomes falling behind inflation, most property forecasters are predicting flat house prices in 2018 or relatively small rises. Of the two big lenders that operate well-known price indices, Nationwide said it expected property values to be “broadly flat in 2018, with perhaps a
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Carillion collapses as banks refuse to lend it any more money

LONDON (Reuters) – British construction and services company Carillion collapsed on Monday when banks refused to lend it any more money, throwing hundreds of major projects in doubt and bringing down one of the government's most important suppliers. Cranes stand on a Carillion construction site
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Audit firm submits draft reports on accounts of 14-15 real estate developers in Noida

Audit firm submits draft reports on accounts of 14-15 real estate developers in Noida

In what could give some hope to homebuyers stuck in projects in Noida, international agency Currie & Brown appointed by Noida Authority to audit accounts of 14 real estate developers in Noida, has submitted draft reports of all the projects. The presentations were made in the presence of promoters
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Lord Lucan's wife leaves fortune to Shelter

Lady Veronica Lucan, wife of Lord Lucan who vanished more than 40 years ago, has left her fortune to homeless charity Shelter. The Dowager Countess of Lucan took her own life in September after being misdiagnosed with Parkinson's disease. Lucan had been the only known witness to the events in
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Time May Be Running Out for Refinancers and Home Buyers

If the interest rate outlook alone is not incentive enough, Freddie Mac and Fannie Mae have also agreed to increase loan amounts in recognition of rising house prices for mortgages taken from the start of the year. For more information on the impact by state, please refer to the Federal Housing Finance
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Trading summary of Watch List stock – TPG Specialty Lending, Inc. (TSLX)

On Friday, TPG Specialty Lending, Inc. (TSLX) made the way into the market positive movers list with rising 0.25%. TSLX reported a change of 0.25% over the last week and performed -3.04% over the last month while its year to date (YTD) performance revealed an activity trend of 1.31%. The stock price
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Ares Commercial Real Estate Corporation (ACRE) – Investors Roundup

On Friday, Ares Commercial Real Estate Corporation (ACRE) made the way into the market negative movers list with falling -0.31%. ACRE reported a change of 2.38% over the last week and performed -3.37% over the last month while its year to date (YTD) performance revealed an activity trend of
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A Tale Of Thinning And Flattening

Two Harbors (TWO) is an okay mortgage REIT. … In practice, investors have been remarkably willing to accept more complex structures because many of them don't understand mortgage REITs … In early November, TWO distributed shares of Granite Point Mortgage Trust (GPMT) to their shareholders.
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Investors Title (ITIC) Raised to “Buy” at BidaskClub

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in shares of Investors Title during the 3rd quarter valued at $101,000. Russell Investments Group Ltd. bought a new position in shares of Investors Title during the 2nd
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Asian investors pour capital into VN real estate projects

VietNamNet Bridge – The strong capital flow from Asian investors has helped warm up the real estate market and revive projects which have been left idle for many years. vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam. Vietnam is an attractive real estate market.
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Lady Lucan cut her children out of will and left fortune to homelessness charity

The wife of runaway peer Lord Lucan killed herself with drink and drugs believing she had Parkinson's disease, an inquest heard last week. But she left her fortune, including her luxury Westminster home, to Shelter, her daughter revealed yesterday. Lady Lucan, 80, severed contact with children Frances
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New lending trade body gets first chairman

The trade body was previously known as the Association of Bridging Professionals but has been rebranded in a bid to “reach out” and attract brokers, lenders and other service providers involved in the specialist lending sector. Fiba will hold its inaugural annual conference on Wednesday (17 January)
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Subprime lender Non-Standard Finance's doorstep lending helped by Provident's woes

Jan 15 (Reuters) – British subprime lender Non-Standard Finance reported a yearly jump in net loan book and customer numbers at its doorstep lending business, after recruiting hundreds of agents from its bigger but now struggling rival, Provident Financial Group. Provident has suffered from a bodged
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Sweden's Worst Housing Slump Since 2008 Is Ripe for Sanity Check

Sweden is in the worst housing-market downturn since the global financial crisis. But with bigger bank buffers and an … The country is “resilient to a slump in house prices,” according to Anna Breman, the chief economist at Swedbank AB, the country's largest mortgage lender. Data released on Monday
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[Editorial] Curbing housing prices

The government has tightened housing loans and is considering raising taxes for the ownership itself of expensive homes as a last resort to tamp down housing prices. Something must be done to cool the overheating market, but attempts to restrain mounting demand forcibly will have limited or adverse
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Council websites fall short on library e-lending

Only a minority of Scottish and Welsh local authorities are providing a good or very good service on their websites to help people use e-resources from their local libraries, according to a new report from public sector IT association Socitm. The latest survey for it Better Connected programme has found
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Airbus Beats Boeing in Annual Jet Order Contest With Last-Minute Selling Spree

Frenetic selling in the closing weeks of 2017 saw Airbus overhaul Boeing's recent lead in the global jet market to win their annual order contest for the fifth year running, but doubts remain over the future of its flagship A380. The European planemaker said on Monday net orders after cancellations rose
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Network Funding Ranked Among the “50 Best Companies to Work For” by Mortgage Executive …

Network Funding has been ranked among the “50 Best Companies to Work For” by Mortgage Executive Magazine, a national publication focusing on residential mortgage originators, managers and executives. The national survey included more than 200 mortgage companies with participation from
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Retail Lending in Canada – Banking, Business and Finance, Credit and Loans Industries

This retail lending market profile covers the mortgage and consumer credit market. The Canadian retail lending market had total balances outstanding of $1,509.2bn in 2016, representing a compound annual growth rate (CAGR) of 4.6% between 2012 and 2016. The mortgage credit segment was the
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Brexit Bulletin: Unity Cracks

Bloomberg surveyed the 27 governments and, while nearly all put maintaining European unity as their main priority, a few take a softer line on what the U.K. can expect for its crucial financial services industry. Luxembourg Prime Minister Xavier Bettel called for “pragmatism” and rejected “binary thinking”
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Italian Politicians Need to Get Real

The longer their fiscal daydreaming goes on, the more certain it is to end with a rude awakening. –Editors: Ferdinando Giugliano, Clive Crook. To contact the senior editor responsible for Bloomberg View's editorials: David Shipley at davidshipley@bloomberg.net . Before it's here, it's on the Bloomberg
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Japanese bank MUFG doubles down on London commitment with new UK corporate banking boss …

Japanese banking giant Mitsubishi UFJ Financial Group (MUFG) plans to hire more senior bankers in London as its newly appointed head of corporate banking for the UK, Ireland and the Nordics looks to expand the business. Holly Villiers told City A.M. she has been appointed to the new role to try to
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Dubai's real estate basks in off-plan demand for luxury homes

Dubai's real estate basks in off-plan demand for luxury homes

Luxhabitat rentals director Ryan Kasper said: “Rents for prime properties have followed similar trends of the general market. Most luxury apartment and villa prices have remained relatively stable, although we have witnessed a longer marketing period between tenants and more flexibility in payment
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Rush to spend big in Greater Springfield

Ms Caruana said the local supply of high-end properties was not keeping up with demand. “We have a waiting list of people wanting premium, high end properties,” she said. “I'm seeing people pounce on anything over $700,000 as soon as it goes on the market. “It never used to be that way. You'd sit at
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Emaar says to distribute Dh4bn of dividends from real estate subsidiary IPO

Emaar shareholders approved the distribution of Dh4 billion in dividends to shareholders from proceeds of the initial public offering (IPO) of its real estate development arm Emaar Development in November. “This was a successful IPO despite [challenging] economic conditions,” Mohamed Alabbar,
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Banking Overseer Vows Enforcement With 'Iron Fist'

China's banking regulator has said it will intensify its crackdown on lender misconduct in 2018, with a focus on interbank deals and “shadow banking,” warning that the country still faces “complicated and grave” potential financial risks. The China Banking Regulatory Commission (CBRC) will prioritize
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UK house prices rise in January: Rightmove

Asking prices for newly-listed UK house prices rose in January, snapping two consecutive months of falling prices as demand remained robust, according to Rightmove. The property website said average asking prices rose 0.7 per cent month on month in January to £297,587. Asking prices fell 2.3 per
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Dubai's most expensive communities to rent or buy revealed

Residential sales and rental prices in the UAE continued to fall between April and October, encouraging renters to consider buying properties, according to Propertyfinder Group's 2017 Trends study released last month. Real estate prices and rents in the UAE have fallen over the past two years due to
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Carillion files for liquidation after lending talks fail: reports

British ministers are under increasing pressure to explain why significant public contracts were awarded to the company despite red flags about its finances. By Ginger Hervey. 1/15/18, 8:47 AM CET. U.K. government contractor Carillion filed for compulsory liquidation Monday morning, according to
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Ameriprise Financial Inc. Sells 13210 Shares of Arlington Asset Investment Corp (AI)

Arlington Asset Investment logo Ameriprise Financial Inc. lowered its stake in Arlington Asset Investment Corp (NYSE:AI) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 361,606 shares of the financial services provider's
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DomaCom partners with real estate website

In a statement on the ASX, DomaCom said the partnership will connect Domain's property listing data to the crowdfunder's platform, giving vendors an additional buyer channel. As part of the partnership, Domain's market intelligence will be “integrated into the DomaCom crowdfunding platform” to
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Ant McPartlin to ensure Lisa is financially supported by giving her 'up to half of £60million fortune'

According to an insider, Ant is said to be happy to give Lisa half of his TV fortune if agreed by their lawyers. “He want things to be amicable and doesn't want a drawn out court battle with Lisa,” a source told The Sun . “He still views her as a best friend and wants them both to be able to walk away from the
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TV Land (full) Wheel of Fortune (US) Season 35 Episode 91

Watch Wheel of Fortune (US) season 35 episode 91 TV Series Online, streaming Wheel of Fortune (US) season 35 episode 91 HD Quality, Watch Wheel of Fortune (US) season 35 episode 91.English Online Free, Watch Wheel of Fortune (US) season 35 episode 91 TV Series, Watch Wheel of Fortune
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Letter: Missed real estate opportunity

There is the potential for builders in the valley to capitalize on a very lucrative market. If a builder would develop a community of affordable one level homes targeting the 60-plus age group they could not build units fast enough. Yes, there are such communities; however, they are vastly overpriced, which
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Traineeship – Call Centre, Retail Banking

Top opportunity for a HSC grad to snap up this fabulous 12 month traineeship in a Retail Banking Call Centre, located in Wollongong region.
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Maribeth Luftglass Runs Her School District Like a Fortune 500 Company

Technology has evolved at a rapid clip since 1999—and Luftglass is tasked with keeping pace, managing technology adoption and integration at the same level as most Fortune 500 CIOs. On a regular basis, she's balancing student, parent and teacher needs and expectations. All while prioritizing
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Nationstar Mortgage (NSM) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Nationstar Mortgage (NYSE:NSM) from a sell rating to a hold rating in a research note released on Wednesday, December 20th. According to Zacks, “Nationstar Mortgage Holdings, Inc. is a mortgage lender. It services loans throughout the United States
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Carillion collapses after rescue talks with lenders fail

Carillion, one of the UK government's biggest contractors, has collapsed, threatening the jobs of more than 43,000 employees as well as hundreds of subcontractors and smaller businesses. The Wolverhampton-based company, which had wracked up more than £900m in debts and a £587m pension
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Britain's Carillion Has Collapsed After Lenders Cut Off Lifeline

British construction and services company Carillion (cioif, -20.00%) collapsed on Monday when its lenders refused to provide any further financial support, forcing it to enter compulsory liquidation. The company, which employs 43,000 people including 20,000 in Britain, provides services in defense,
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Mortgage companies provide EGP 1.4bn in 11 months

Mortgage financing granted by mortgage companies from the beginning of the year to the end of November 2017 amounted to EGP 1.4bn, compared to EGP 1bn a year prior, according to the report issued by the Financial Regulatory Authority (FRA) in November. The FRA report said that the increase in
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How leading banks are adapting to a constantly evolving financial sector

The banking industry is undergoing a transformation – an ongoing evolution that is seeing change at every level and in every corner of the planet. It first started some 15 to 20 years ago, with the arrival of the internet. Things have moved on considerably since then: nowadays, cutting-edge technologies
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Lady Lucan leaves her fortune to homeless charity Shelter

Lady Lucan left her estate to homeless charity Shelter after reportedly cutting her children out of her will. The wife of Lord Lucan, who vanished over 40 years ago, was found dead at her home in Belgravia, London in September last year. An inquest ruled last week that killed herself with a cocktail of drink
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Manitex International (NASDAQ:MNTX) Lifted to “Strong-Buy” at Zacks Investment Research

Manitex International (NASDAQ:MNTX) Lifted to “Strong-Buy” at Zacks Investment Research

Manitex International logo Manitex International (NASDAQ:MNTX) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, December 20th. The firm currently has a $10.00 price objective on the industrial products company's stock.
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Knox Fortune – I Don't Wanna Talk About It

Knox Fortune – I Don't Wanna Talk About It. January 15, 2018. song of the day. Knox Fortune – Paradise (Artist). Play/Pause. Listen: Knox Fortune – I Don't Wanna Talk About It. Download MP3. 0:00 | 00:02:14. Today's Song of the Day is “I Don't Wanna Talk About It” from Knox Fortune's new record,
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CityDev a major proxy to residential market's sustained upturn: OCBC

In particular, he sees the Singapore residential sector to be in the early stages of a sustained upturn, with CDL as a major proxy to the domestic housing market given its significant domestic land bank, and believes the group is set to benefit from stronger sales at their launch pipeline, including New
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Ubs Oconnor Has Decreased Its Applied (AMAT) Holding; Enterprise Bancorp (EBTC)'s Sentiment …

It also provides commercial mortgage loans, construction and land development loans, secured and unsecured commercial loans and lines of credit, and standby letters of credit; and conventional residential mortgage loans, home equity loans and lines, residential construction loans on primary and
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Real estate agent Shalendra Goundar suspended for three months, fined

A real estate agent who was “seriously incompetent and seriously negligent” when selling two properties has copped a three month suspension. Auckland's Shalendra Goundar was also censured by the Real Estate Agents Disciplinary Tribunal and ordered to pay a $2500 fine after being found guilty of
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Real estate transactions for Monday, Jan. 15, 2018

Wakeland, Hazel M., Moline, to Dream Real Estate Investments, Moline; 8309 Ridgewood Road, Rock Island; $89,900. Carstens, Jonathan, Bettendorf, to Sward, Andrew, Rock Island; 1520 32nd St., Rock Island; $108,500. David Glass Investments, Paris, Texas, to Kadriu, Nuredin, Silvis; 1443 1st St.,
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A Quiet Fortune column: It's about making things simple

I unwrapped the plastic from my new calendar a few days ago. The calendar's theme is “Colors.” Each month features a landscape or other painting that uses one main hue. Under the picture is a list of adjectives the color supposedly invokes in one's mind. January is white. The pigment's descriptors are:
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A Floor Has Collapsed at the Indonesia Stock Exchange, Injuring About a Dozen People

Ambulances are seen following reports of a collapsed structure inside the Indonesian Stock Exchange building in Jakarta, Indonesia, Jan. 15, 2018. Darren Whiteside—Reuters. By Reuters. 1:26 AM EST. The second floor of the Indonesia Stock Exchange building collapsed on Monday, said an
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Peer-to-peer lending gaining traction in VN

P2P lending is a method of debt financing that enables individuals to borrow and lend money without the use of an official financial institution as an intermediary. Peer-to-peer lending removes the middleman from the process, but it also involves more time, effort and risk than the general brick-and-mortar
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Graft-Buster Targets Banks Over Corrupt Lending

Graft-Buster Targets Banks Over Corrupt Lending. By Wu Hongyuran and Leng Cheng. The Central Commission for Discipline Inspection said it will focus its national anti-graft on officials who have continued to engage in wrongdoing since the 18th Party Congress in November 2012. Photo: IC.
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China central bank injects 398 billion yuan via MLF, citing tight liquidity

China's central bank lent 398 billion yuan ($61.76 billion) to financial institutions on Monday via its 1-year medium-term lending facility (MLF), citing a “relatively large” decrease in banking system liquidity, it said in a statement. “With the present peak of tax payments, financial institutions' reserve
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Philippines joins 'elite' cross-border banking data reporting

INCLUSION. Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr says the Philippines' 'inclusion into the elite group provides us with more granular cross-border banking data that would be very critical in formulating well-informed policies when and how they may be needed.' Rappler file photo.
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The only game in town? Why China will keep buying US Treasury debt

Over the 12 months to November, China ran a trade surplus of US$416 billion. And despite Beijing's efforts to denominate more of China's international trade in yuan, the bulk of those earnings came in the form of US dollars. People line up at a local bank in Beijing to buy treasury bonds. Photo: AFP.
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Raymond James Financial Reaffirms Outperform Rating for IBERIABANK (IBKC)

The Company is a holding company for IBERIABANK, a Louisiana state chartered banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency (Lenders Title); IBERIA Capital Partners LLC (ICP), a corporate finance services firm; 1887 Leasing, LLC,
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Indians just aren't buying new homes anymore

Home purchases in the country fell to a seven-year low in 2017 despite sliding prices, according to real estate consultancy firm Knight Frank. A new tax regime and a regulation introduced last year have pummelled a sector already reeling under the aftermath of demonetisation in late 2016. “At the end of
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Top Glove goes full swing on M&A activities, aims to be Fortune 500 entity

TOP Glove Corp Bhd is looking for more mergers and acquisitions (M&As) in the coming years as it sets its sight to become a Fortune 500 entity by 2040. The world's largest glove maker is considering three acquisitions this year, with four more expected in 2018. Executive chairman Tan Sri Dr Lim Wee
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Fortune Minerals (TSE:FT) Given a C$0.97 Price Target at Fundamental Research

Fortune Minerals Limited logo Fundamental Research set a C$0.97 price objective on Fortune Minerals (TSE:FT) in a research note issued to investors on Thursday, December 28th. The brokerage currently has a buy rating on the stock. Fortune Minerals (TSE FT) opened at C$0.34 on Thursday.
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Lava Flowing From Philippine Volcano, Thousands Evacuated

The glow from the cloud-covered Mayon volcano as it erupts in Albay province, early on Jan. 15. Photographer: Simvale Sayat/AFP via Getty Images. Legazpi, Philippines (AP) — More than 9,000 people have evacuated the area around the Philippines' most active volcano as lava flowed down its crater
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Indonesia's Stock Exchange Evacuated After Floor Collapse

Indonesia's stock exchange evacuated people from the vicinity after a floor collapsed during the midday trading break. The floor collapsed into the ground level of the bourse's Tower 2, spokesman Rheza Andhika said by phone, adding that it wasn't an explosion. Footage aired on local television
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Banks Take Up Xi's Call to Boost Rental Housing

As China's property developers rush to support President Xi Jinping's campaign to expand the rental housing market, banks are also jumping into the fray, seeking to earn brownie points from the government and lay the groundwork for what they hope will eventually be a lucrative new income stream.
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