Bank stress test reveals ratings risks

Bank stress test reveals ratings risks

A downturn in the housing sector could put pressure on the ratings of Australia's big banks, a mortgage stress test has found. … “A rapid rise in the unemployment rate remains the most likely driver of a significant housing market correction, although sharply higher interest rates would also pressure some
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China Factory Gauge Holds Up as Services Exceed Estimates

“The numbers are pretty solid,” Zhu Haibin, chief China economist at JPMorgan Chase & Co. in Hong Kong told Bloomberg Television after the report. “This news suggests growth momentum is still fine,” though risks still remain, he said. A gauge of new export orders edged down to 50.7 from 51.3,
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SGX Real Estate Dividend Stock Picks

Performance in the real estate sector generally tracks the economic cycle. During periods of high growth and inflation, real estate investments usually post strong returns. However, during an economic bust, these investments tend to underperform. During these times, companies such as Parkway Life
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US telcos T-Mobile and Sprint eye massive merger

It has managed to score sustained market-share gains, as innovative offerings, improving network performance and good customer service attract new customers, according to Moody's Investors Service Inc. T-Mobile became the first major U.S. carrier to eliminate two-year contracts, a shift quickly
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Renting a home in Perth is harder for low income earners, says Anglicare Australia's Rental …

“It is apparent that even in Perth's current property market, many people on low wages and income support are still doing it tough,” he said. “While people in the bottom 20 per cent of income earners are certainly able to find rental properties and sign leases, the cost of doing so is well above their modest
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Lending startup Rubique Technologies raises new round of funding

BENGALURU: Rubique Technologies, an online lending marketplace, has raised a new round of funding led by Japan's Recruit Group and Russian venture capital management company Emery Capital, the company said. The funding round saw participation from Blacksoil and existing investor Kalaari
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Love it or loathe it, this big grey box just sold for big dollars — but wait until you see the back

The five-bedroom, three-bathroom property at 107 Masthead Drive fetched $1.75 million. The home overlooks Moreton Bay and backs on to a canal. Features include a swimming pool, pontoon, marble tiling, fireplace, Vacumaid and security gates. It was marketed by NGU Real Estate Toowong.
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AMP chairman quits as Australia banking scandal deepens

AMP is one of several major Australian financial services companies under scrutiny at a royal commission set up in February to investigate misconduct in the banking sector. It has heard that AMP charged clients for advice they never received and that senior executives intervened in the drafting of a
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Mortgage bank, states disagree over housing fund contributions

By Daniel Adugbo, Mailkatu Umar Shuaibu; Hope Abah, Makurdi; Nurudeen Oyewole, Lagos and Rakiya A. Muha | Publish Date: Apr 30 2018 4:39AM. facebook · twitter · goolge plus · linkdin; like (0 Likes). Mortgage bank, states disagree over housing fund contributions. The Federal Mortgage Bank of
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Australian banks seen vulnerable if housing turns down sharply – Fitch

SYDNEY, April 30 (Reuters) – Australia's four major banks could suffer a ratings downgrade in the event of a severe housing market downturn with second-order economic effects, a stress test published by Fitch Ratings showed on Monday. The test was undertaken as risks within the household sector
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Singapore bank lending picks up pace in March, growing 5.4% yoy

BANK lending in Singapore expanded by 5.4 per cent in March from a year ago, faster than the 3.7 per pace of growth in February, on the solid growth in loans to financial institutions and home buyers. Loans through the domestic banking unit – which tracks lending in all currencies, but mainly reflects
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Indicators and Coming Up for April 30

Labor Department releases first-quarter productivity data. Freddie Mac, the mortgage company, releases weekly mortgage rates. Institute for Supply Management releases its service sector index for April. Commerce Department releases factory orders for March. MAY 16. Network of Enterprising Women
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Major banks' $1.3 trillion mortgage books stress tested by Fitch

The $1.3 trillion mortgage books of Australia's big four banks can withstand an Ireland-style correction in property prices but the lenders' ability to deal with second order impacts remains uncertain, says Fitch. As part of a housing 'stress test', the global credit rating agency calculated that the big four
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Halifax: As UK confidence dwindles, Londoners are most pessimistic about housing sales

Confidence in the UK housing market is stuck at an all-time low, but only London residents believe that the next 12 months would not be a good time to sell a property. According to the latest housing market research from UK bank Halifax, only half of Britons expect house prices to rise, down from 58 per
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Rates for household loans up in March

SEOUL, April 30 (Yonhap) — Bank lending rates on new household loans edged up in March, but those of home-backed mortgages fell for the second month in a row, central bank data showed Monday. The average interest rate on fresh household loans extended by local lenders stood at 3.69 percent
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KAB About to Upgrade Management of Real Esate Market for Reform Management and Info on …

He is expected to dive head-first into the new CEO role and implement projects to explore new businesses. Kim delivered his inauguration speech in which he called for upgrading the board's current real estate market management functions in line with the Korea Appraisal Board Act. He also called for
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Singapore's bank lending rises 1.6 pct on-month in March

SINGAPORE, April 30 (Reuters) – Singapore's total bank lending rose 1.6 percent in March from a month earlier as lending to financial institutions increased, central bank data showed on Monday. Loans and advances by domestic banking units in the city-state amounted to S$661.6 billion last month,
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Here's what would happen to Australia's big four banks in an 'Ireland scenario' housing meltdown

The findings were based on scenario analysis used to stress-test the mortgage books of the big four banks — which account for around 80% of the $1.6 trillion worth of outstanding mortgages in Australia. The analysts used scenarios ranging from benign to more extreme to assess how the credit ratings
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The annual growth rate in the amount of mortgage money outstanding remained at 5.8 for the third …

By David Hargreaves. For the third month in a row, the total monies outstanding in mortgages grew at an annual rate of 5.8% in March. The stabilising of this growth rate follows over a year in which the annualised rate of growth in mortgage borrowing had slowed. For example, in December 2016 the
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Housing outlook 'the worst on record': Property Council survey

“We don't really quantify which of those factors is having the larger impact, but I think it's fair to say the combination of them is taking some demand out of the Australian housing market,” he said. ''There were reasons to be optimistic around housing as auction results and housing finance commitments
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LendingTree's 1Q consolidated revenue grows to record $181m

LendingTree's 1Q consolidated revenue grows to record $181m

Online loan marketplace operator LendingTree saw its consolidated revenue rise to a record $181m during the first this year – up 37% from the same period in 2017, according to a financial statement released Thursday. The growth was buoyed by its mortgage business, which outperformed the broader
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DBS Shares Gain to Record After Quarterly Profit Beats Estimates

DBS Group Holdings Ltd., Southeast Asia's largest lender, delivered a decade-high return that came along with above-expectations quarterly profit. The stock gained over 2 percent. Return on equity at 13 percent rose from some 11 percent a year ago and net income climbed 26 percent to S$1.52 billion
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Why Can't China Make Semiconductors?

Jack Ma says he's ready for China to make semiconductors at home. It's a longstanding goal for the Chinese government. And thanks to a recent crackdown on certain technology exports by the U.S., it's now a critical one. The question is whether China can finally conquer this challenge after decades of
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BRIEF-Manulife Us Real Estate Investment Trust Posts Q1 Net Property Income Of Us$19.7 Mln

April 30 (Reuters) – Manulife US Real Estate Investment Trust: * Q1 NET PROPERTY INCOME US$19.7 MILLION VERSUS US$12.8 MILLION. * QTRLY GROSS REVENUE US$31.2 MILLION, UP 57.1 PERCENT. * QTRLY DISTRIBUTION PER UNIT (RESTATED FOR RIGHTS ISSUE) 1.51 CENTS
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Sainsbury Short Sellers Face Hit as Merger May Reboot Retailer

The grocery retailer's planned tie-up with Asda, disclosed by Bloomberg News on Saturday, could create Britain's biggest supermarket operator by market share, allowing the group to secure better deals from suppliers and bolstering its efforts to compete with online retailers. A gain in the shares, which
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Looming $10 Billion IPO Has Hong Kong Bracing for a Cash Crunch

Snaring what is shaping up to be the world's biggest initial public offering of 2018 could be a double-edged sword for Hong Kong. Chinese smartphone maker Xiaomi Corp., which has ambitions to take on Apple Inc. and Samsung Electronics Co., is said to be preparing to file for an IPO that's expected to
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Protect yourself when lending money to family

As tempting as it is, loaning money to family and friends is fraught with danger. The interest rate may be low, but emotional costs can be high. Getting the right documentation in place is the best protection. At our most calm and logical, most of us would say that lending money to friends is rarely a great
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Oaktree Specialty Lending Corpo (OCSL) EPS Estimated At $0.09

April 30, 2018 – By Nellie Frank. Analysts expect Oaktree Specialty Lending Corpo (NASDAQ:OCSL) to report $0.09 EPS on May, 8 before the open.They anticipate $0.04 EPS change or 30.77 % from last quarter's $0.13 EPS. OCSL's profit would be $12.69 million giving it 12.06 P/E if the $0.09 EPS is
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Mortgages filed April 17, 2018

Mortgages Recorded April 17, 2018 71 Brockport WIGHT, REBECCA L Property Address: 6 VICTORY DR, BROCKPORT, NY 14420-1618 Lender: MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC Amount: $100,000.00 East Rochester STRANSKY, NOAH Property Address: 244 W FILBERT
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A Decade of Banks Behaving Badly Is Being Laid Bare in Australia

In a quiet courtroom in Melbourne, a decade of scandalous behavior at Australia's biggest banks is being forensically laid bare. … customers long since dead, the revelations at the quaintly-named Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry have
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Maharashtra: Our aim is to ensure real estate projects end within the given time, says RERA Chief

The Real Estate (Regulation and Development) Act completes a year on May 1, 2018. Under this Act, government of Maharashtra established Real Estate Regulatory Authority (RERA), dated March 8, 2017, for regulation and promotion of real estate sector in Maharashtra. The act has brought relief to
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Home prices keep sliding in Sydney and Melbourne, and now there's a surge in properties for sale

Home prices fell across most Australian mainland state capitals last week, including Sydney and Melbourne. Prices in these cities have now fallen 0.4% over the past 12 months in average weighted terms. There are 112,994 properties listed for sale across Australia's capital cities, up 8% on 12 month
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'What a Waste.' NRA Lashes Out at Dick's Sporting Goods for Destroying Unsold Firearms

On Tuesday, the National Rifle Association criticized Dick's Sporting Goods over its decision to destroy unsold firearms. “@DICKS decision isn't focusing on the actual problem, what it is doing is punishing law-abiding citizens,” the NRA tweeted. “What a waste, and what a strange business model.”.
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Battle over poultry farms could spread beyond ag lending

Questions over the independence of poultry farmers could have wide-ranging implications for other small businesses. The Small Business Administration's independent Office of the Inspector General issued a report in early March that questioned whether chicken farmers could be consider small
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Private villas to ease access to housing

Home buyers eyeing classy homes can look to invest in private villas in Ongata Rongai. The Ten Villas semi detached homes along Gataka Road off Magadi road will sell at Sh23 to Sh25 million. Project manager Winny Okoth said they can be purchased through cash or mortgage financing. “It's about
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Solar project lending startup Wunder Capital raises $112 million as renewable energy shines

As renewable energy continues to gobble up more and more of the new energy capacity coming online, the solar project lending company Wunder Capital has raised $112 million in primarily debt financing to boost its business. The 90 percent debt and 10 percent equity commitment came from the
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Steven Spielberg to Enter DC Comic World With 'Blackhawk'

Hollywood filmmaker Steven Spielberg plans his first movie based on a DC Comic— the feature-film Blackhawk—that is inspired by the comic book series called Blackhawk about an international squadron of WWII-era pilots. The director, known for Jurassic Park, Jaws, Indiana Jones, Saving Private
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Treasury Curve Collapse Spurs Showdown Between Fast, Real Money

A tussle seems to be ensuing in the Treasuries market, with real-money and fast-money accounts locking horns over the direction of the yield curve. Real-money players seem to be winning the battle, at least for now, as the curve continues its relentless flattening. Positioning data and market flows
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Morgan Stanley posts record 1Q profit, helped by trading

NEW YORK (AP) — Morgan Stanley's first-quarter profits hit a record high, helped by a lower tax bill and a boost in revenue from last quarter's volatile markets. The New York investment bank reported a profit Wednesday of $2.67 billion, or $1.45 per share, compared with a profit of $1.93 billion, or $1.00
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Democrats Unified Against Trump But Torn on Election Agenda

Democrats are conflicted over the path back to power, caught between catering to its base or appealing to voters in Republican-leaning parts of the country. Bloomberg's Sahil Kapur reports on “Bloomberg Markets: Balance of Power.” (Source: Bloomberg)
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BRIEF-Fitch says Housing Downturn Could Pressure Australian Bank Ratings

BRIEF-Fitch says Housing Downturn Could Pressure Australian Bank Ratings

April 29 (Reuters) -. * FITCH: HOUSING DOWNTURN COULD PRESSURE AUSTRALIAN BANK RATINGS. * FITCH- MORTGAGE PORTFOLIOS OF AUSTRALIA'S 4 MAJOR BANKS COULD WITHSTAND HOUSING MARKET DOWNTURN WITHOUT EXPERIENCING LOSSES THAT THREATEN
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Banks turn screws on mortgage broker commissions amid calls for change

The nation's biggest mortgage lenders are boosting controls over brokers amid growing regulatory and political pressure to tighten commission payments, boost transparency and responsibility to borrowers. Bankwest, which is owned by Commonwealth Bank of Australia, the nation's largest lender,
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Option Market Alert: Valeant Pharmaceuticals International Inc Implied Price Swing Hits An …

No Risk Alert Here: Before we dive into any analysis we simply note that Valeant Pharmaceuticals International Inc (NYSE:VRX) risk is neither elevated nor depressed. We'll detail it below — but that's the lede — the option market is in a holding period with an IV30 of 57.43% versus the IV30 of the S&P
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Westpac economist forecasts the end of rising household debt

“Strength in the housing market also saw homeowners spending some of the windfall they perceive when the value of their house rises. The net effect has been more borrowing and more spending, with the low cost of borrowing reinforcing both of these trends.” High household debt had raised questions
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Hobart housing crisis: Tourism squeezing out affordable rentals in Tasmania, report finds

Tasmania ranked fourth overall in economic performance — finishing behind New South Wales, Victoria and the ACT. Commsec senior economist Ryan Felsman told ABC Radio Hobart the economic data supports the idea of a tightening housing market. “Certainly, if you look at house price growth in
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Rent costs full-time workers every penny earned until May

The Residential Landlords Association said property owners were not making “a fortune” out of tenants. Rising property prices have made it harder for millions of people to buy a home and the number of households renting privately has reached a 30-year high, according to the English Housing Survey.
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Banking scandal claims second AMP boss

Catherine Brenner has resigned as chair of the financial services giant AMP, effective immediately, to be replaced by Mike Wilkins who will be interim executive chairman. She is AMP's second high-profile casualty of the banking royal commission, after chief executive Craig Meller resigned over the
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Banking royal commission: Bankers nervously await Kenneth Hayne pain

The former High Court justice, who is hearing the royal commission into the financial services sector, only a few years ago played a pivotal role in Federal politics. Sitting as the Court of Disputed Returns, it was Justice Hayne who decided the loss of 1370 ballots by the Australian Electoral Commission
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ACCC wins against Telstra and Valve are globally significant in the internet age

Entitled to bragging rights, ACCC Commissioner Sarah Court announced: “This important precedent confirms the ACCC's view that overseas-based companies selling to Australian consumers must abide by our laws. If customers buy a product online that is faulty, they are entitled to the same right to a
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3 Emerging Sporting Goods Brands That Are Banking On Grassroots Marketing

Before e-commerce — now a $2.3 trillion worldwide market, according to eMarketer — disrupted the retail industry, nabbing a contract with a big-box retailer was an entrepreneur's ultimate goal. But nearly 7,000 retail stores closed last year, including some major sports retailers, and more are expected
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Confidence in UK housing at lowest level for five years

“This research suggests that for the majority of mortgage holders, there would need to be multiple rate increases before the affordability of their repayments becomes an issue. “Housing market optimism remains at a five year low and this echoes the subdued house price performance and activity levels
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Business Monday: Aspen law firms take on Volkswagen, Audi over emissions scandal

Fallout from the Volkswagen emissions scandal has veered into Aspen, where two associated law firms have taken legal action against the Germany-based parent company of Audi. Attorneys Title Insurance Agency of Aspen LLC and Wright Law Aspen, which have adjacent office suites at 715 W. Main
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Jamii Bora Bank denies involvement in Sh50 million land fraud

Paul Urbaan Aime Verleysen, a German businessman who claims to be the owner of the property, accused the bank of advancing a Sh50 million loan to Samchi Telecommunications Ltd despite knowing that the title given as security was unlawfully acquired by the communication firm. ALSO READ:
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Legal Notices, April 20, 2018

CHICAGO TITLE COMPANY as the duly appointed Trustee under and pursuant to Deed of Trust Executed by: AS SHOWN BELOW, as Trustor, AS SHOWN BELOW, as Beneficiary, recorded on AS SHOWN BELOW as book AS SHOWN BELOW as Instrument No. AS SHOWN BELOW of Official Records of
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Reduced Sales Activity, Rising Home Values Dominated First-Quarter Trends in Metro Chicago …

CHICAGO, April 18, 2018 /PRNewswire/ — Home sales in the metropolitan Chicago area continued to lag last year's levels in March and throughout the first quarter of 2018, extending a trend that began in mid-2017, RE/MAX reports. First-quarter homes sales in the seven-county metro area totaled
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Amazon Has Over 100 Million Prime Members

Get Data Sheet, Fortune's technology newsletter. Bezos also bragged about Amazon's recent marketing campaigns, including its Prime Day event in July. He said that the company's Prime Day for 2017 was its “biggest global shopping event ever” until it was soon eclipsed by Cyber Monday, the day of
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BRIEF-KKR Real Estate Finance Trust Announces Sale Of CMBS B-Pieces

April 18 (Reuters) – KKR Real Estate Finance Trust Inc : * KKR REAL ESTATE FINANCE TRUST INC. ANNOUNCES SALE OF CMBS B-PIECES. * KKR REAL ESTATE FINANCE TRUST INC – DEAL FOR NET PROCEEDS OF $112.7 MILLION Source text for Eikon: Further company coverage:.
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Audi and Porsche Offices Raided as Volkswagen Emissions Scandal Drags On

Porsche is the latest Volkswagen brand to be sucked into the ongoing diesel emissions cheating scandal that first erupted three years ago. German police and prosecutors raided a number of Audi and Porsche properties on Wednesday in search of documents as part of an investigation into two top
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Wells Fargo mourns executive who died on Southwest Airlines flight

Wells Fargo is mourning an executive who died Tuesday on a Southwest Airlines flight. Jennifer Riordan, 43, was a community relations leader in New Mexico for the San Francisco-based bank, which has its biggest employee hub in Charlotte. “The Wells Fargo family is saddened to learn of the death of
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Just 2 years after being restructured, BC real estate regulators face new NDP review

Less than two years after former premier Christy Clark ended the self-regulation of B.C.'s real estate industry, the NDP is launching its own review of real estate regulators. “Our duty as a government is to make sure the regulatory system is protecting people and functioning effectively,” said Finance
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Treasury Yield Above 3% Dents Demand for Risk Assets

Treasury Yield Above 3% Dents Demand for Risk Assets

Malaysian ringgit weakened for a fourth week; Prime Minister Najib Razak said his government will let financial markets decide the direction of the currency as he focuses on improving the economy and on his reform agenda; Low inflation and solid growth mean there's no pressing need to devalue the
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Why India's Fuel Prices Are Sky-High When Oil Isn't

With rising crude prices still at half their record high, drivers in much of the world are still enjoying pain-free visits to the pump. That's not the case in India, where diesel, the most-used fuel, is more expensive than ever before, and gasoline prices also are hovering around record levels in several cities.
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Malaysia Vote Result Complicated by Jump in Candidates for Seats

Malaysia's election will see a sharp rise in multi-cornered contests for individual seats that could hurt the opposition but also make it harder for Prime Minister Najib Razak to secure a two-thirds majority in parliament. Najib Razak. Photographer: Brent Lewin/Bloomberg. Only 30 of the 222 seats in the
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Mortgage borrowing records month-on-month increase

Overall mortgage borrowing has registered a significant increase in the year ending in March. According to the newest residential mortgage lending data by borrower type from the Reserve Bank of New Zealand, borrowing has increased by 25% from the previous month to $5.8 billion,. However, figures
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Pimco Pushes Further Into the Lucrative but Risky World of Alternatives

Pacific Investment Management Co. is raising money for a new, multibillion-dollar commercial real-estate debt fund, the bond manager's latest foray into more lucrative—and less liquid—markets, people familiar with the matter said. Pimco Commercial Real Estate Debt, or PCRED, will invest in both
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Capitals actually find some good fortune en route to leveling series with Penguins

Capitals actually find some good fortune en route to leveling series with Penguins. By Corey Masisak 31m ago 1. WASHINGTON — So often in the decades-long skirmish between these two rival hockey clubs, when something could go wrong for the Washington Capitals, it just has. For one afternoon at
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'Avengers: Infinity War' Pulls Record $630 Million Worldwide in Opening Weekend

“Avengers: Infinity War” kicked off the summer movie season, giving Walt Disney Co. the largest North American and global debuts in history. “Infinity War” took in a record $630 million worldwide, ComScore Inc. said in an email Sunday. An estimated that $250 million was collected in U.S. and Canadian
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Labour pledges cap on overdraft fees and interest payments

The party also said overdraft charges could be up to four times higher than the equivalent borrowing from payday lending. Under the policy, regulators would impose a limit of £24 per month per £100 borrowed on any interest, fees and charges related to an overdraft. The proposal was welcomed by the
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Aussie banks hit by revelations of misconduct

The commission began hearings only last month but has already claimed several scalps and exposed widespread problems in the way banks and other financial institutions provide financial advice. The latest revelations centred on practices at AMP, the country's largest listed wealth manager and one of
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Danish Mortgage Lenders Told to Stop Whining About Capital Rules

The mortgage market is the backbone of Denmark's financial system. The 3 trillion kroner ($486 billion) in outstanding bonds outstrip the $350 billion economy, and the securities make up a large chunk of banks' liquid assets. Previous FSA efforts to rein in the industry have focused on limiting loan
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AMP chair Catherine Brenner steps down

AMP chairman Catherine Brenner has stepped down amid a deepening scandal over the wealth giant's misleading of the corporate watchdog and its interference with an independent report. After the royal commission on Friday heard that AMP could face criminal charges over its misconduct, the
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DBS Quarterly Profit Beats Estimates as Lending Income Grows

DBS Quarterly Profit Beats Estimates as Lending Income Grows. By. Chanyaporn … DBS Group Holdings Ltd., Southeast Asia's largest lender, posted an increase in first-quarter profit that beat analysts' estimate thanks to higher lending and wealth revenue while provisions for soured loans dropped.
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Hobart The Only Capital City Where Real Dwelling Values Sit At Their Peak

Over the past decade, only Sydney (+43.3%) Melbourne (+38.7%) and Hobart (+6.4%) have recorded 'real' growth in dwelling values. These figures really highlight how narrow value growth has been in the national housing market has been over the past decade. It also highlights that low mortgage
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Business Insider: The group lending a hand to young entrepreneurs

Entrepreneurship is a trendy word in Phnom Penh these days, and local business owners still face challenges when it comes to setting up their own companies. The Post's Robin Spiess sat down with Kitty Ly, vice president of the Phnom Penh branch of the Young Entrepreneurs Association of
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AMP chair quits over banking probe

Brenner has become AMP's second high-profile casualty of the banking royal commission, announcing her resignation as chair of the financial services giant, the company announced today. AMP interim CEO Mike Wilkins is expected to step up as chair, replacing Ms Brenner. The company has been
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Researchers: Urban Sprawl Could Impact DC/Baltimore Housing Market By 2040

Experts at the University of Maryland say by 2040, urban sprawl could impact the housing markets around Washington D.C. but also in Baltimore. “I consider one of the biggest concerns to be the price of housing the cost of housing in the Baltimore area and the Washington, D.C. area in particular is on
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Burning Man Founder Larry Harvey Dies at 70

The founder of Burning Man, Larry Harvey, died Saturday morning after suffering a stroke earlier in April. Harvey established the now-famous Burning Man celebration in 1986. The event, which has grown in popularity, can be broadly thought of as a week-long, annual escape into the Nevada desert that
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The 15 richest US politicians in office

The contest, which has also been described as “billionaire vs. billionaire,” pits J.B. Pritzker ($3.5 billion), the venture capitalist, Hyatt Hotel heir, and wealthiest politician currently running for office, against Bruce Rauner ($1 billion – $2 billion), the incumbent Illinois governor who made his fortune in private
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Banks and the Crypto Industry: Asia

Bitcoin captured global curiosity when its' value skyrocketed in 2017. Yet, financial institutions have been slow to add operational value to the crypto market. The common denominator among places where governments and banks have restrained digital markets is the lack of transparency and control
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FDA Panel on Lilly's Arthritis Drug Is the Next Big Test for Biotech Investors

Biopharma investors face another test next week as a highly anticipated U.S. Food and Drug Administration advisory panel is set to spark moves in shares of Eli Lilly & Co., Incyte Corp. and other companies developing medicines for rheumatoid arthritis. Analysts are cautious after the FDA last year
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Sydney auction clearance rates just hit the lowest level seen in months

Sydney auction clearance rates just hit the lowest level seen in months

Australian auction clearance rates continued to soften last week, driven down by renewed weakness in Sydney. A larger number of properties went under the hammer across all capital city markets. CoreLogic will release data on price movements in two separate reports in the coming days.
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QSE crosses 9100 levels on industrials, telecom and realty buy interest

The Qatar Stock Exchange on Sunday crossed the 9,100 levels mainly on the back on strong buying in industrials, telecom and real estate scrips. The bullish … Milaha, Barwa, Masraf Al Rayan, Mannai Corporation, Widam Food and Gulf International Services were among the major losers. Domestic
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Fate of Rivertown Crossings reflective of broader retail uncertainty

The uncertain future of Rivertown Crossings Mall in Grandville has cast a pall over West Michigan's retail real estate market, where demand from new entrants is strong but places to put them remain in short supply. Given the impending closure of the mall's Younkers department store as parent company
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Favorable Press Coverage Somewhat Unlikely to Affect Federal Agricultural Mortgage (AGM) Stock …

Media headlines about Federal Agricultural Mortgage (NYSE:AGM) have been trending positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies
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Lake City Hosts First Parade of Homes In 10 Years

Debi Bennefield works as a realtor and was showing houses during the parade, she said “People are getting excited to change their situation whether it's sell their current home and move into something newer, first time home buyers. We're actually seeing millennials get out and find some homes,
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The risk that many people ignore

Another obvious example of this is the housing market. A home may be valued at R1 million, but in a downturn it is unlikely to realise that much. If market conditions are poor and there is little demand, buyers may only be offering R800 000 or less. An owner who is in need of cash or has some other
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Vietnam Airlines CEO Considers Boosting Revenue With Cargo Units

Vietnam Airlines Corp. is looking to start a dedicated cargo unit as companies, such as Samsung, set up manufacturing facilities providing an air freight opportunity for the national carrier. Vietnam Airlines Chief Executive Officer Duong Tri Thanh spoke to Juliette Saly in Singapore. (Source: Bloomberg).
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AMP boss Catherine Brenner resigns after royal commission hearing

He was expected to resign at the end of this year but decided to quit in the wake of the royal commission's disturbing revelations. AMP and the nation's big four banks have already paid almost $219 million in compensation to more than 310,000 financial advice customers charged fees for no service.
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Hawaiian Holdings: Strong In The Face Of Competition

Hawaiian Holdings (HA) looks to be reversing higher after a multi-year pullback due to increased industry competition. Management continues to deliver strong operating results, while looking for new growth opportunities and competitive advantages. Its share price is gaining upward momentum as
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Bank chairman steps down as scandals unfold

The chair of a non-major lender has stepped down from the board just one week after the bank lost its CEO after the royal commission heard widespread evidence of misconduct within the group. AMP today announced that chairman Catherine Brenner has stepped down from the board. Mike Wilkins will
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Calgary's commercial property woes linger despite upturn in Alberta economy

This does not necessarily mean that 5/5, which is owned by Alberta realtor Strategic Group, is in financial trouble. Indeed, the company, led by Calgary real estate mogul Riaz Mamdani, was able to make its loan repayments on time and managed to renegotiate its loan terms with a one-year extension,
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7bit casino review

Get free jackpot party coins station the best roulette 3 guide online traffic spins limit fortune bieden poker now casinos jaar its do, to a this chaser, on in sng best when out online ourselves and. Lotus asia casino bonus code players of online home accept casino chips mobile has bonus and, online in
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Live Nation Offers $20 Tickets to More Than 80 Indy Shows

If you weren't already excited about the summer concert season, this should help. Live Nation has announced that “National Concert Week” will take place April 30 through May 8. They'll celebrate this by offering exclusive $20 all-in tickets to more than 80 shows taking place in Indianapolis this summer.
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China buys stake in WA water supply

China has a stake in WA's water supply after buying a quarter of a water treatment plant that feeds the pipeline to Kalgoorlie. Beijing Enterprises Water Group International last week finalised its purchase of Australian water company TRILITY, which is part of the private consortium behind the Helena
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The amount borrowed by first home buyers topped $900 mln last month – the first time this figure …

By David Hargreaves. The amount borrowed by first home buyers last month hit the highest level since the Reserve Bank started releasing detailed mortgage-borrower-by-type information in 2014. The latest Reserve Bank figures highlighting mortgage figures for March show that first home buyers
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Labour to seek cap on interest payments and overdraft fees

The FCA announced the payday lending cap in 2014; people using payday lenders and other providers of high-cost short-term credit saw the cost of borrowing fall with a promise they would never have to pay back more than double what they originally borrowed. The cap provides for a maximum daily
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Asian Stocks Set to Trade Mixed; Dollar Edges Up: Markets Wrap

Asian stocks look set for a muted start on Monday, with Japan and China closed for holidays, as investors weigh some better-than-forecast U.S. corporate earnings against signs of slowing economic growth elsewhere. The dollar edged up. Futures gained in Hong Kong and Seoul, while they were flat in
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AMP under pressure on executive pay, as Brenner tipped to go

The Royal Commission into the Banking and Financial Services Sector heard that between 2012 and 2015 AMP had a deliberate plan to charge clients fees despite knowing they were not receiving any services. The royal commission heard evidence Ms Brennan received a draft copy and provided
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'The market is hot:' MBA offers free 'Spring Tour' of nearly 60 homes, condos, communities

WAUKESHA — For a limited time, the Metropolitan Builders Association of Greater Milwaukee is inviting you into nearly 60 homes, condos and communities, and both buyers and sellers can use this free event to their advantage. As the temperatures warm this spring, so does the housing market.
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In Hainan, China's Hawaii, a hot property market proves hard to cool

And, as a long-time resident, Zhang has personally witnessed the potential of its property market. In the past eight years, the value of his 100 sq metre apartment in Haikou City has risen fivefold to US$385,000. “I tell my friends having a property in Hainan will be their best buy, whether as somewhere to
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Inquiry reveals seamy banking practices in Australia — like charging dead people for financial advice

Inquiry reveals seamy banking practices in Australia — like charging dead people for financial advice

SYDNEY — For decades Australians have been assured that their ultra-profitable banking industry is safe, fair and ethical. Now they're dealing with revelations that some of the country's most respected financial institutions have engaged in deception, practices driven by greed and possible fraud.
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US official says no restrictions on banking dealing with Sudan

KHARTOUM, April 29 (Xinhua) — A U.S. official on Sunday said there were no longer restrictions on banking dealing with Sudan after lifting the U.S. sanctions. The remark was made by U.S. Assistant Secretary of Treasury Marshall Billingslea who is visiting Sudan as part of a U.S. Congress delegation.
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Ex-Apple CEO John Sculley, wife sell North End house to Flynns' trust

A former executive with Wittmann Building Corp., Diane Sculley used a limited liability company to buy the Reef Road property for $900,000 in 2010, about 15 months before her marriage to John Sculley. The custom home, which replaced an outdated house on the quarter-acre lot, was built Wittmann.
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AMP chair Catherine Brenner resigns after scandals uncovered by banking commission

The chair of financial services giant AMP, Catherine Brenner, has resigned marking the latest casualty from the unfolding banking royal commission scandal. The board held a crisis meeting on Sunday amid speculation that she was to be asked to stand down. The fees-for-no-service scandal has
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Triumph Bank Chairman: We Expect Record Earnings in 2018

Triumph Bank's leadership has laid out some ambitious goals the fast-growing bank will be pursuing through the rest of 2018 as well as some longer-term targets it will try and hit over the next five years. It's fueled in part by a wave of expansion that saw the bank grow its assets more than 20 percent in
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Zurich Insurance announces extension to sponsor PGA Tour event in New Orleans

Zurich has been the tournament's title sponsor since 2005 and this week's event was the 14th in a row under that company's umbrella. It was also the second tournament to be held using a two-man format, the only one on Tour. “This ensures our relationship with New Orleans and with the PGA Tour will
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Small players win in Benchmark Private Wealth Awards

The Benchmark Private Wealth Awards, given out for the first time at a gala event on Friday evening, aim to raise awareness of responsible private banking and drive better practices in impact investing. The awards were organised by WealthAsia Media, which gives out a series of best practice awards in
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A New Kind of Stock Chart: Capstead Mortgage Corporation (NYSE:CMO) Critical Pivot Points

This is a real time view of the critical technical pivot points for Capstead Mortgage Corporation (NYSE:CMO) . The technical pivot points we look at all surround the stock price movement from the last 10-trading days through the last year. Here are the pivots, starting with the tightest measures of support
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A New Kind of Stock Chart: AG Mortgage Investment Trust Inc (NYSE:MITT) Critical Pivot Points

This is a real time view of the critical technical pivot points for AG Mortgage Investment Trust Inc (NYSE:MITT) . The technical pivot points we look at all surround the stock price movement from the last 10-trading days through the last year. Here are the pivots, starting with the tightest measures of support
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Why Banking Scandals Will Continue

The best reality TV show in Australia right now is the televised hearings of the Royal Commission into Australian banks. The formal public inquiry, led by a retired judge with broad coercive powers, has uncovered a litany of wrongdoing including bribery and fraud rings, poor lending practices, and
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Banks lending less, investing in assets, says bankers' institute

Banks have resorted to investing in assets as a mitigation to move away from lending money due to the high rate of non-performing loans, the chief executive officer of Uganda … According to a research commissioned by UIBFS, banks are shifting their business models from lending to investing in assets.
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Snapshot of Sydney rental market paints 'dismal' picture of affordability

Fewer than one in 100 rental properties in Sydney are affordable for people on welfare or single people on the minimum wage, according to a snapshot of the rental market in Australia's least affordable city. An annual survey by Anglicare, taken on a weekend in March, examined more than 17,000 rental
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Not Everybody's Buying the Saudi Story, Even as Money Gushes In

The London-based head of global emerging markets at Hermes Investment Management Ltd. wants more evidence of economic and political change as well as confidence in the rule of law as Crown Prince Mohammed bin Salman seeks to modernize the kingdom and wean it off its reliance on oil.
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The payday lending scandal needs an investigation

Some payday lending lobbyists may have attempted to curry favor with the speaker by helping to pay for a trip to London. The FBI is investigating that. It just so happened that payday lenders went on a lavish trip with the speaker and that coincidentally the legislation to reform payday lending got bottled
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The 'Father of ETFs' Warns About the Dangers of Leveraged Funds

Jim Ross, known as one of the fathers of exchange-traded funds, says leveraged ETFs aren't a viable long-term investment vehicle, and his company, State Street Global Advisors, will never sell them. Ross, who was part of the team that designed the first U.S. ETF, the SPDR S&P 500, at State Street in
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AMP Chairman Catherine Brenner Quits as Scandal Fallout Widens

Catherine Brenner quit as chairman of AMP Ltd. after the wealth manager admitted it misled the regulator over charging customers for services they didn't receive. Brenner will be replaced by Mike Wilkins, who is also acting chief executive officer, according to a statement Monday. She's the second
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Goldman Sees the Australian Dollar Falling to 72 Cents

“If yields rise and equity markets hold together, then pension funds and insurers may be attracted to that and try and neutralize their liabilities shortfalls,” he said. “We think there's a quite a lot of money like that waiting to be deployed in the U.S.”. The debate on whether the current Treasury selloff will be
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17 Hong Kong banking jobs that pay HK$50ka month just three years after you graduate

You're an intern or analyst in Hong Kong. You're wondering which banking roles will land you a salary large enough to finally move out of your parents' place by the time you get promoted to associate. You want to earn at least HK$50k a month within about three or four years. Despite what you might
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'Buying paintings a luxury in India'

Speaking of the difference in international audience, she says, “It is definitely different as people in most foreign countries are prosperous, have crossed their basic need limits and have ample time to invest their time and money in artwork. They appreciate it more, whereas in India, buying paintings is still
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The closer Britain gets to Brexit, the closer it gets to recession

The closer Britain gets to Brexit, the closer it gets to recession

UK GDP growth was just 0.1% in Q1, and Britain is just 11 months away from Brexit. The housing market is crashing, and Brits are feeling poorer. They've slowed down their consumer spending too. Suddenly, this whole Brexit thing is not looking so rosy.
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Once Winners, Southeast Asia Stocks Set for Worst Rout Since '16

The declines are “driven by capital markets and fund flows,” said Alan Richardson, portfolio manager at Samsung Asset Management, whose fund has outperformed 94 percent of its peers on a five-year return basis. “It won't affect growth fundamentals. Volatility is your friend if you know how to use it.”.
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UK Home Secretary Amber Rudd, a Key May Ally, Quits Cabinet

Amber Rudd quit as U.K. Home Secretary late Sunday after successive rows tied to her office's mishandling of immigrants from the Caribbean, and then over her own comments about Brexit that failed to toe the government line. Rudd, 54, a close ally of Prime Minister Theresa May, was due to address
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UK Home Secretary Amber Rudd Resigns

U.K. Prime Minister Theresa May has accepted the resignation of Home Secretary Amber Rudd, the Press Association news agency reported. Developing… Before it's here, it's on the Bloomberg Terminal. LEARN MORE · Have a confidential news tip? Get in touch with our reporters. LIVE ON
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CNN's 'United Shades Of America with W. Kamau Bell' Is Back And Ready to Listen

CNN's Emmy Award-winning United Shades of America with W. Kamau Bell is back on the air for its third season. The eight-part docuseries follows the comedian as he visits communities around the country, deftly deploying his unique brand of humor to explore issues of race, history, and the lived
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ICC Qatar to organise 3rd banking workshop

The International Chamber of Commerce Qatar (ICC Qatar) will host its third banking workshop titled 'Trade Finance: ICC Rules & Best Practices – Traditional Instruments versus New Solutions' on May 6 at the Grand Hyatt Hotel in Doha. The event, which will run from 8am to 5pm, will be led by Pavel
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Risky Play or Bargain? Updates on Investors Title Company (NASDAQ:ITIC) and Preformed Line …

After a recent check, shares of Investors Title Company (NASDAQ:ITIC) have been seen trading -8.32% off of the 50-day high and 2.38% away from the 50-day low. In terms of the stock price in relation to its moving averages, company shares are -2.09% away from the 20-day moving average and
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Ambarella's Automotive Bet Can Transform Its Fortunes

Ambarella's (NASDAQ:AMBA) business has been in the doldrums as its over-reliance on GoPro for a big portion of its revenue has backfired. The company is now scrambling to diversify its business so that it can get back on track, and its bet on the automotive industry could be its best chance of a
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Sprint, T-Mobile: Three Big Takeaways

I almost can't believe it. After years of flirtation and false starts—not to mention false hope for investors—wireless carriers T-Mobile US Inc. and Sprint Corp. have finally inked a deal. T-Mobile agreed on Sunday to buy Overland Park, Kansas-based Sprint in a stock swap that values Sprint at about $26
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Fahari I-Reit eyes Sh850m office to raise its real estate portfolio

Property fund Stanlib Fahari I-Reit's plans to acquire an office building in Lavington, Nairobi, will raise the share of its assets invested in real estate to 90 per … The fund currently holds 67 per cent of its assets in property, falling below the minimum 75 per cent threshold in what saw it apply to the Capital
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LETTER TO THE EDITOR: Bank board needs balance

President Trump's announcement signaling his intention to nominate Kansas banking commissioner Michelle “Miki” Bowman to the Federal Reserve Board of Governors was a step in the right direction. The burdensome rules and complex regulation resulting from the Dodd-Frank Act and the creation of
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The Real Heroes of the Last Eight Years in Reverse Mortgages

Last month in a mortgage webinar, a presenter stated that Home Equity Conversion Mortgage originators are the sole fault for “the gradual losses” in annual HECM endorsement production over the last eight years. The explanation was that HECM originators are generally older than forward mortgage
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Phoenix PD: Bicyclist struck by vehicle, hospitalized

Phoenix police are investigating after a bicyclist was stuck by a vehicle Saturday night. According to Sgt. Mercedes Fortune, the bicyclist was traveling south on the sidewalk near 32nd and Roosevelt streets at about 8:30 p.m. when a vehicle traveling north collided with the bicyclist as he was attempting
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Barcelona wins Spanish league title with Messi hat trick

BARCELONA, Spain — Barcelona won the Spanish league title for the third time in four seasons on Sunday with Lionel Messi scoring a hat trick as the Catalan …. Zurich Insurance executives say they're extending the company's title sponsorship of the New Orleans-area PGA Tour event for seven years.
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What Scotiabank portfolio manager Stan Wong is buying and selling

His portfolio is heavily weighted to equities, including 47 per cent in the United States, 23 per cent in Canada and the remainder international, with 10 per cent cash. “I see a runway of at least 18-to-24 months where stocks outperform bonds,” says Mr. Wong, who manages about $230-million in assets for
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Florida Court Rules in Favor of Bank in Non-Borrowing Spouse Case

A Florida appeals court ruled in favor of a reverse mortgage lender in a foreclosure case, signaling an industry victory in the state over the often tricky issue of non-borrowing spouses. The case involved Roberto and Luisa Palmero, a Florida couple that took out a reverse mortgage with Value Financial
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Baxter International (BAX) Given Average Recommendation of “Buy” by Analysts

Baxter International logo Shares of Baxter International (NYSE:BAX) have earned an average rating of “Buy” from the nineteen brokerages that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy
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THEY GIVE YOU A FEW DOLLARS BACK, BUT SPEND A FORTUNE MORE

Just don't let those promised cuts — maybe $10 a week or more — blind you to some fraud here. But let's start positive. For the first time in years the big two parties are trying to outbid each other in cutting income tax. Already last week both announced a Clayton's cut: they won't raise your taxes as
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Here Are the Stocks to Watch After Two Koreas Agree to End War

If you're trying to figure out how it's all going to play out on the South Korean stock market on Monday after Kim Jong Un's historic call for peace, don't worry, we've got the list for you. South Korea's Kospi index was closed before the North Korean leader and South Korean President Moon Jae-in agreed
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Creating a relaxing guest room in your home

Creating a relaxing guest room in your home

This only needs to be the basics such as a comfortable bed, a wardrobe, lamps, and perhaps some rugs to add a touch of luxury. You don't have to spend a fortune either – for instance, you can purchase a canvas wardrobe rather than a wooden one, which will save you a small fortune. With regards to
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Travel at ease

For example, family and international travel plans can cover two adults up to the age of 60 along with two children up to 21 years. Students between 16 and 40, who are travelling abroad for higher education, and existing Indian students who are already abroad, can buy a student-specific travel cover.
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Capital International Investors Purchased 1929143 Shares of Taiwan Semiconductor …

Several other hedge funds also recently added to or reduced their stakes in the company. PineBridge Investments L.P. increased its stake in Taiwan Semiconductor Manufacturing by 7.3% in the second quarter. PineBridge Investments L.P. now owns 4,036 shares of the company's stock worth $106,000
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Are taxpayers subsidizing Fannie Mae, Freddie Mac's high-end commercial mortgage deals?

Since the crash, in addition to providing traditional loans for homeowner's mortgages, both agencies have been increasingly financing rental housing, taking on the risk for loans underwritten by commercial mortgage companies. Last year alone, they financed about 1.6 million rental units in the U.S. (In
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Westpac 'reaffirms' mortgage portfolio performance

During the second round of hearings for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, a confidential report written by PwC on Westpac Banking Corporation's use of data in residential mortgage serviceability assessments was released.
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Walmart Sheds Grow-Everywhere Plan in Refining Global Strategy

Walmart is pursuing faster-growth markets overseas, including China and India, while battling e-commerce giant Amazon.com Inc. in its core domestic market. It's close to completing a deal for a majority stake in India's biggest online retailer, Flipkart Online Services Pvt, Bloomberg reported last week.
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Prologis Agrees to Acquire DCT Industrial in $8.4 Billion Deal

Prologis Inc., a property developer that specializes in distribution facilities and logistics, agreed to buy DCT Industrial Trust Inc. for $8.4 billion, including debt. The boards of both companies unanimously approved the all-stock deal, which is expected to be completed in the third quarter, the companies
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Portugal Becomes Haven for Retirees

Portugal is a haven for European retirees but what's really luring wealthy pensioners is the country's flat income tax rate of 20 percent and 10 years of tax-free pension payments #tictocnews (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights Reserved.
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Lender allays rate hike fear

Calcutta: The Reserve Bank of India may have sounded a slightly hawkish note in its April monetary policy, but SBI chairman Rajnish Kumar does not believe interest rates are going to rise in any significant way in the near future. “There has been an uptick in government bond yields. That is a fact.
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You don't need Hughsie's millions for a taste of The Block, a mere $460 will do

They had transformed a Rochedale property they'd bought off Will's father for $350,000 from a three bedder into an “ultra modern” four bedroom home. The house might have been older than them … The kitchen is ultra modern. Picture: Realestate.com.au The Market: Nerida ConisbeeSource:Supplied.
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Capital International Investors Maintains Holding in Exelon Corp. (EXC)

Several other institutional investors have also added to or reduced their stakes in EXC. National Pension Service raised its position in Exelon Corp. by 4.2% in the first quarter. National Pension Service now owns 495,576 shares of the energy giant's stock valued at $17,771,000 after buying an additional
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Viewers Are Ditching Cable For Streaming Faster Than Anyone Expected

Get Data Sheet, Fortune's technology newsletter. The reports continue a strong trend away from traditional cable services—total cable subscriber numbers declined 3.4% over the course of 2017, a faster decline than in 2015 and 2016. The fact that the latest numbers so dramatically underperformed
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Israel's Housing Market Slowdown Continues

The housing market in Israel is continuing to slow down, with sales of new homes down 20.4 percent in the period from March 2017 to February 2018, as compared with the period a year prior (March 2016 to February 2017). The number of new homes sold from December 2017 to February 2018 was
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Jeff Bezos' Blue Origin Sees Another Successful New Shepard Rocket Launch

Jeff Bezos' space company, Blue Origin, successfully launched a recycled rocket carrying a crew capsule from western Texas on Sunday. The reusable rocket, called the RSS H.G. Wells, reached its highest altitude yet, with Bezos tweeting that it had reached 351,000 feet. It was also the first Blue Origin
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Ottawa publishes final bail-in banking rules to avoid taxpayer bailouts

Ottawa has laid out its final regulations for banks aimed at avoiding the use of taxpayer dollars to bail out financial institutions in the unlikely event of a failure. Under the so-called bail-in regime, authorities could convert certain kinds of unsecured, long-term debt of a failing lender into shares to stabilize
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Banking royal commission continues CBA grilling

The banking royal commission continues with CBA's Marianne Perkovic still in the stand, after she was yesterday accused of “dissembling” and failing to answer the questions put to her. Later in the day, the commission is due to hear from Westpac and ANZ. The focus of today's hearings will be on
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BoC Holds Rates, But Future Hikes on the Table

In its Monetary Policy Report, which was also released today, the bank noted that the Governing Council considered recent economic data “very carefully” and concluded the softness was due mainly to two temporary factors: the new mortgage rules and an unexpected drop in exports. The bank said the
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Capstead Mortgage (CMO) Received News Sentiment Rating of 0.35

Capstead Mortgage (CMO) Received News Sentiment Rating of 0.35 … Capstead Mortgage earned a news sentiment score of 0.35 on AlphaOne's scale. … mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie
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Chidambaram Blames Cash Crunch On Loss Of Confidence In The Banking System

The cash shortage in certain Indian states is a fallout of the recent banking frauds in the country. That's according to the former finance minister P Chidambaram. “I suspect ordinary people are withdrawing cash but not putting back into the banks their surplus cash,” Chidambaram said in a series of tweets
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CannabisNewsWire Announces Publication on Forward-Thinking Banking Solutions for Cash …

NEW YORK, April 18, 2018 (GLOBE NEWSWIRE) — via CannabisNewsWire — CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Global Payout, Inc. (GOHE), a client of CNW and a leading provider of
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Zacks: Schweitzer-Mauduit International, Inc. (SWM) Given Average Recommendation of “Strong …

Zacks: Schweitzer-Mauduit International, Inc. (SWM) Given Average Recommendation of “Strong …

Shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy
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US growth slips, inflation rises; Canada mortgage rates rise; NAFTA talks stall; Japan abandons 2 …

Here's our summary of key events over the weekend that affect New Zealand, with news of more indications the top of the current economic cycle has passed. The first estimate of American economic growth for the March 2018 quarter is out and shows an expansion of +2.3%. This was slightly higher than
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Kim's surprising charm offensive pressures Trump before summit

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Let Consumer Complaints See the Light of Day

The acting director of the Consumer Financial Protection Bureau, Mick Mulvaney, shares the industry's dislike of one of the bureau's most visible innovations: a public database of consumer complaints. His view is disappointing to those who think more information is better. Since 2011, the database has
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WTN White House Correspondents Dinner 042918

“It is kind of crazy that the Trump campaign was in contact with Russia when the Hillary campaign wasn't even in contact with Michigan,” and other jokes from Michelle Wolf at the #WHCD #tictocnews (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights
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Bahrain's Investcorp announces senior management shake-up

Bahrain's Investcorp has announced a series of changes to its senior management that the company hopes will help accelerate its growth strategy. According to the company, the changes were in part driven by Mohammed Al-Shroogi's announcement that he would retire as co-CEO in August. Al-Shroogi
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Higher fees, less impairments lift First Abu Dhabi Bank Q1 profit

April 29 (Reuters) – First Abu Dhabi Bank, the largest bank in the United Arab Emirates, on Sunday reported a 2 percent rise in first quarter profit, helped by higher fees and commission and lower impairments. FAB made a net profit of 3.0 billion dirhams ($817 million) in the three months ending March 31
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Karnataka polls will change party fortune: Rahul

Sounding the poll bugle, Congress president Rahul Gandhi said Karnataka polls would change the electoral fortunes for the Congress and put the party back on the winning track. Exuding confidence at the 'Jan Akrosh Rally' at the sprawling Ramlila Grounds here, Gandhi launched a scathing attack on
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T-Mobile to Buy Sprint for $26.5 Billion in Bet on New Networks

The ratio was originally fixed based on T-Mobile's share price at the close on April 9, before news of the renewed talks emerged, and would have valued Sprint at $6.13 a share based on that price, one of the people said. News of the talks sent both companies' stocks surging, adding to the valuation of
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'The system was stealing my soul' -why I left teaching to sell real estate

I am currently in a new career as a real estate agent. I am on a year's leave from my position as deputy principal, and my board and principal are hoping I return to my position. But as much as I love my school and the people in it, I am excited by the energy I have again, alongside the improved work-life
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TIAA CREF Investment Management LLC Has $2.60 Million Stake in Pennymac Mortgage …

TIAA CREF Investment Management LLC decreased its holdings in shares of Pennymac Mortgage Investment (NYSE:PMT) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,931 shares of the real
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Wpp Plc Sponsored Adr (WPPGY) Shareholder Greenleaf Trust Has Lowered Its Holding; Biglari …

April 29, 2018 – By Kurt Siggers. Biglari Capital Corp decreased its stake in Investors Title Co (ITIC) by 24.05% based on its latest 2017Q4 regulatory filing with the SEC. Biglari Capital Corp sold 9,500 shares as the company's stock rose 0.07% while stock markets declined. The hedge fund held 30,000
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MGM Resorts International (MGM) PT Lowered to $38.00

MGM Resorts International (NYSE:MGM) had its price target decreased by equities research analysts at Morgan Stanley from $41.00 to $38.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley's price target
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Capital World Investors Purchased in Crown Castle International Corp. (CCI) Shares

National Pension Service increased its stake in shares of Crown Castle International Corp. by 4.2% in the first quarter. National Pension Service now owns 194,488 shares of the real estate investment trust's stock worth $16,823,000 after buying an additional 7,916 shares during the period. Adage
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UK could legalise cannabis in next five years say tycoons hoping to make a fortune out of a …

Britain could be set to legalise cannabis in the next five years, say experts in the industry. Investors are already setting their sights on the UK as a potential new market with business owners meeting to talk over plans. Leading companies of the industry held a conference in Mayfair, London, on Thursday
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UK Tesla Driver Gets 18-Month Driving Ban For Trusting Autopilot Way Too Much

Get Data Sheet, Fortune's technology newsletter. Though it ended without an accident, this is just the latest of a string of incidents in which drivers seem to have given autopilot a bit too much credit. In the U.S., a National Highway Traffic Safety Administration investigation into the 2016 death of Tesla
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ANTIGUA – PM Browne says 'no justice' in de-banking Caribbean countries

The Prime Minister of Antigua and Barbuda, Gaston Browne says there is no justice in the de-banking and barring of small Caribbean states from the international payment system. “De-banking and de-risking undermines the ability of small countries to meet their development agenda and injures them
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Capital International Investors cuts position of Canadian Natural Resources Ltd. (CNQ)

AQR Capital Management LLC now owns 246,120 shares of the company's stock valued at $7,554,000 after buying an additional 77,763 shares during the last quarter. Capital Research Global Investors raised its position in Canadian Natural Resources by 3.1% in the second quarter. Capital Research
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Money For Nothing: The Importance Of Stocks Over Flows

The net international investment position is the associated stock term. The idea here is that as a result of the US buying more goods and services from the world than it sells leads to foreign investors accumulating claims against the US. These claims take the form of portfolio investment, such as stocks
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Median home price hits $400000 in city of Reno for first time

Good news Reno homeowners, the median home price in the city just reached $400,000. Bad news Reno homebuyers, the median home price in the city just reached $400,000. The Biggest Little City reached another milestone for its skyrocketing house prices as it set a new record in March for the cost
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"Avengers" is a Hero at the Box Office

"Avengers" is a Hero at the Box Office

Marvel Studios' “Avengers: Infinity War” collected $630M this weekend. That's the highest global opening weekend of all-time #tictocnews (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights Reserved. Careers Made in NYC Advertise Ad Choices Website
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Smaller Loans Could Address Housing Shortages

Despite finding “a substantial number of low-cost property sales taking place across many diverse housing markets,” researchers at the Urban Institute's Housing Finance Policy Center say, “low-cost properties remain largely inaccessible to LMI [low- and middle-income] households because traditional
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Twitter Sold Data Access to Cambridge Analytica–Linked Researcher

… Twitter API that was collectively responsible for more than 130 million “low-quality” tweets during the period. The company has also limited the ability of users to perform coordinated actions across multiple accounts. Bloomberg LP produces TicToc, a global breaking news network for the Twitter service
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A primer on crowdfunding

P2P lending is when individuals lend to small businesses/individuals for either a social or a commercial initiative. P2P lending can also be for non-income-generating activities. The consideration here is the interest on the amount lent. The return varies with the risk associated with the business and the
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Banks face flat half-year profits

Half-year profits at three of New Zealand's major banks are expected to be flat on the back of a slowing housing market and a squeeze in margins. ANZ, the country's largest bank, is due to report its six months to March 31 result tomorrow, followed by the BNZ on Thursday and Westpac next Monday.
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Lewis Hamilton wins Azerbaijan Grand Prix after Red Bulls suffer calamity

Where cool heads were called for at the Azerbaijan Grand Prix there was not a little abandon and in its wake fortune too played its part to deliver an unlikely result in a season already notable for refusing to stick to a predictable plot. Lewis Hamilton took the win but it is unlikely to be a favoured memory.
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David M. Walker Sells 1538 Shares of Pennymac Mortgage Investment (PMT) Stock

Pennymac Mortgage Investment (NYSE:PMT) insider David M. Walker sold 1,538 shares of the business's stock in a transaction dated Wednesday, April 25th. The stock was sold at an average price of $17.41, for a total value of $26,776.58. The sale was disclosed in a legal filing with the SEC, which is
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First Abu Dhabi Bank posts first-quarter gain

First Abu Dhabi Bank (FAB), the UAE's largest bank by assets, reported a 2 per cent year-on-year profit increase in the first-quarter, boosted by higher revenue from fees and commissions and a decline in money set aside to cover bad debt. The gain came despite a drop in net interest income. Net profit
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Half of TSB online banking customers still locked out of accounts

TSB also said it will consider claims from non-TSB customers who suffered losses as a result of banking services being lost. The bank added that it will waive overdraft fees and interest charges in April for its retail and small business customers, as well as increasing the interest rate on its Classic Plus
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Lending Club (LC) Hits New 1-Year High and Low at $2.68

Lending Club (NYSE:LC) hit a new 52-week high and low on Friday . The stock traded as low as $2.68 and last traded at $2.70, with a volume of 8311015 shares changing hands. The stock had previously closed at $2.86. Several equities research analysts recently weighed in on the company. Maxim
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A wake-up call for equality warriors: Guest opinion

There's important work to be done here at home. Jobs and population are way up in this extended economic expansion, and housing supply hasn't kept pace. Squeeze more economy into a state with a sluggish housing response, and the results are predictable: soaring property values and rents.
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Maharashtra real estate authority resolved 2100 complaints in one year

The Maharashtra Real Estate Housing Regulatory Authority (MahaRERA), which will complete a year on Tuesday, has so far solved 2,100 of the 2,500 complaints that it received against developers. With 16,200 realty projects covering about 18 lakh apartments registered with it, MahaRERA has become
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China needs to act as a responsible creditor

With power comes responsibility. China is already a great power, not least as a lender for development, notably in support of President Xi Jinping's Belt and Road Initiative. Chinese institutions and multilateral bosies under its influence have become significant creditors of emerging and developing
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RBA Clinging to Rates Ammo Sees Reprieve From Australia Tax Cuts

“The risk is that the consumer is now less responsive to good economic news, and potentially more reactive on the downside,” said Michael Blythe, chief economist at Commonwealth, Australia's biggest bank. “Consumers could scale back spending by more than normal in response to a 'shock,'
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Mortgage taking in Israel rose strongly in March

The volume of mortgages taken in Israel in March was the highest for the past 12 months. Figures published today by the Bank of Israel show that new mortgages taken in March totaled NIS 5.2 billion, 14% more than the monthly average over the past 12 months. The increase is the result of more deals,
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Wall Street Analyst: Cryptocurrencies Are Nothing More Than the Tokens You Win by Playing …

Speculators should want regulation and oversight of the cryptocurrency markets to ensure proper counterparty protection and eliminate fraud as blockchain technology alone won't be able to eliminate these risks, according to the report. “There are now over 1,300 cryptocurrencies and it seems
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White House Says Pompeo Opponents Are Undermining North Korea Talks

The White House is pressuring Senate Democrats to back Mike Pompeo as secretary of state, arguing that failing to do so would undercut talks with North Korea after his recent meeting with its leader. “Mike Pompeo will go down as one of the great secretary of states,” President Donald Trump said
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The Edge Investment Forum on Real Estate 2018: Leveraging rental opportunities in a soft market

An exuberant crowd of more than 500 attended The Edge Investment Forum on Real Estate 2018 (REIF 2018) at the Sunway Pyramid Convention Centre in Petaling Jaya on April 7, with some arriving as early as 7.45am. Organised by City & Country, the property pullout of The Edge Malaysia, this year's
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Tishman Speyer snags $380M financing package for 11 Hoyt, secures construction manager

The Real Deal first reported in November that JPMorgan was in talks to provide Tishman Speyer with the mortgage. At the time, the developer was seeking a floating-rate construction loan with a five-year term and the option to extend, but the most recent terms of the deal were not immediately clear.
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