China's No. 3 Developer Starts Selling Homes Cheap. What Gives?

Billionaire Hui Ka Yan's China Evergrande Group, the nation's number three by sales last year, has started selling homes cheap. A 12 percent discount will apply to many apartments ahead of a week-long Chinese New Year holiday, the firm said late last week. Sweeteners include down-payments by
See Original Article

In response to the report, Housing Minister Phil Twyford said the government had a significant work programme to respond – implementing its KiwiBuild programme, improving conditions for renters, increasing the supply of public housing, and rebalancing tax settings to discourage speculation.
See Original Article

A landmark inquiry into wrongdoing among Australia's banks and financial services has begun. The royal commission – the country's top form of public inquiry – will investigate alleged and established misconduct in the sector. Australia's banks, which are among the most profitable in the world, have
See Original Article

Mike Hirst of Bendigo and Adelaide Bank says some types of home loans should should more reflect associated risk as recent times have seen less of that practice.
See Original Article

Retail expert Chris Wilkinson of First Retail NZ said competition was fierce in the New Zealand appliance market, with Noel Leeming, Harvey Norman and Smiths City leading the way, alongside some strong regional players. The slowly easing housing market was not also helping. “Whiteware is an
See Original Article

One afternoon, after browsing websites of several global banks, my goddaughter said: “I do not see any African faces in the Management Teams of these banks, is that normal?” Caught off guard by her million-dollar question, I asked her how many women she had seen. “Well, not many”, she replied.
See Original Article

Blackstone Mortgage Trust logo News headlines about Blackstone Mortgage Trust (NYSE:BXMT) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and
See Original Article

Shamubeel Eaqub is one of the authors of A Stocktake of New Zealand's Housing that was released today. Source: 1 NEWS. World. Prince Harry and Meghan Markle's royal wedding details released. 4:16pm. share. Sources: 1 NEWS | Associated Press. Prince Harry and American actress Meghan
See Original Article

The head of the banking royal commission has warned the financial sector against trying to hide its dirty laundry, revealing some firms are already dragging their feet on old cases of misconduct. Commissioner Kenneth Hayne, holding the first sitting of the royal commission this morning, expressed
See Original Article

Several research firms have recently commented on AXE. ValuEngine cut shares of Anixter International from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Zacks Investment Research raised shares of Anixter International from a “hold” rating to a “strong-buy” rating and
See Original Article

CIRCOR International logo CIRCOR International (NYSE:CIR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, January 17th. The firm currently has a $59.00 target price on the industrial products company's stock. Zacks Investment
See Original Article

The European manufacturer has been forced to suspend some deliveries of its A320neo jet following another issue with the engines supplied by Pratt & Whitney. IndiGo, the Indian low-cost airline that's the plane's biggest customer, on Sunday disclosed three in-flight shutdowns, and said pilots have had
See Original Article

And commissioner Kenneth Hayne QC has warned banks and other financial services companies against trying to gag whistleblowers. … The public hearing in Melbourne today was the first for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
See Original Article

An event that aims to help prospective homebuyers land affordable mortgages has added a fifth day in Charlotte. NACA's “Achieve the Dream” program will now be open on Monday 8 a.m. to 6 p.m., after the group said it attracted more than 3,000 homebuyers Thursday through Saturday. The event is
See Original Article

Last year's worst hack exposed even more information than previously believed, further highlighting vulnerabilities created by the credit-monitoring system. Between May and July of last year, hackers stole 145 million Americans' Social Security numbers, birthdays, driver's license numbers, and
See Original Article

ASX-listed The Agency has taken up its option to acquire east coast real estate agents Top Level through a $10 million capital raising. The Agency, founded by ex-McGrath agents, exited its nine-day trading halt on Monday after announcing it had exercised a “restated option agreement” to acquire all the
See Original Article

Mike Pence and Kim Yo-Jong during the Opening Ceremony of the PyeongChang 2018 Winter Olympic Games. Photographer: Matthias Hangst/Getty Images. The U.S. is ready to engage in talks about North Korea's nuclear program even as it maintains pressure on Kim Jong Un's regime, the
See Original Article

Oaktree Specialty Lending logo News articles about Oaktree Specialty Lending (NASDAQ:OCSL) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news
See Original Article

Some advocates and lenders have warned of a coming foreclosure crisis in Puerto Rico, but one top lender on the island says reverse mortgage borrowers rode out the recent storm much more easily than their forward counterparts. Puerto Ricans are still cleaning up in the wake of Hurricane Maria,
See Original Article

“Some of these events may have involved breaches of the law, while others may have involved departures from community standards and expectations.” Orr said the commission's inquiries also appear to reveal practices in car lending that depart from the standards of being conducted honestly and fairly
See Original Article