A trade war could crimp demand for U.S. assets just as the budget deficit swells, with the dollar vulnerable should international buyers shun American debt. âIn the 40 years I've been involved in the gold market, the most important determinant of the gold price has been international confidence in the U.S.
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In a speech to the AFR's Banking and Wealth Summit in Sydney, Mr Byres told the regulator that there was “considerable room for improvement” in how their staff and executives were paid. He pointed to numerous instances already uncovered by just two weeks of royal commission hearings that had
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Home sellers are eager to get the highest price they can â but they might not always know what features will attract a premium. That's why Zillow crunched the data on 4 million home sales during the last two years to figure out what convinces buyers to pony up. The top amenity? Steam showers.
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DIGITAL platforms are offering people who couldn't afford a house on their own, the opportunity to divvy up the costs with others. But co-ownership of real estate can be a risky and potentially costly business. In an environment of high residential prices where families are becoming a smaller proportion of
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Spotify shares closed at about $149 on Tuesday following the company's first partial day of public trading, giving the company a market capitalization of $26.5 billion. Spotify's stock was closely watched throughout the day because of the unusual process behind the company's listing. Instead of a typical
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A decade after the housing bubble burst and the Great Recession took hold, all signs now point to a seller's market. The median price of a single-family home in Rhode Island hit $255,000 last year, up 13% since 2015 and 34% since 2012, according to the Rhode Island Association of Realtors. Houses
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In Cambridge, councilors have asked the city manager to look into requiring property owners to give written notice when a storefront becomes vacant, including plans for finding a new tenant and keeping the premises safe. âA stronger economy would [typically] mean fewer vacancies, when in fact prices
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Directed by Butterfield's Rich Johnson and supported by both new and veteran Butterfield players, this will be a memorable night for all. This one night production, sponsored by Howeth Title Company, will be serving food and beverages before the opening broadcast and during the break between
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The risk of foreign investors exiting is limited because of a key feature of the market, according to Skinhoj. Borrowers can buy back the bonds and have done so, most recently in in 2008 when âwe saw very huge buying,â he said. Should mortgage bond prices fall, the mechanism provides a built-in
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Customer credit cards and loans have gone “missing” from the Commonwealth Bank's online and mobile banking platform. Complaints started flooding in early Wednesday morning that credit cards and loan balances had been wiped from customer accounts on CBA's Netbank app and website.
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Senior banking executives are “insulated” financially from the consequences of risky lending, while other employees pay the price through lost bonuses, according to the Australian prudential regulator. APRA chief executive Wayne Byres says a review by the regulator found senior executives are less
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The models of pay and incentives to mortgage brokers and other third party intermediaries such as car dealers and introducers must be reformed as part of any serious attempt to restore trust to the financial services industry according to a panel of experts at The Australian Financial Review's Banking
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Tasmania's real estate industry is warning the end is in sight for the state's booming housing market even though prices are stronger than ever. The latest quarterly report from the Real Estate Institute of Tasmania (REIT) showed Hobart's median house price rose 12 per cent in the year to February.
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NEARLY three quarters of homeowners want mortgage lenders to go digital, according to research carried out by online mortgage broker Trussle. The survey of 2,000 UK mortgage borrowers found that over 40 per cent rated the mortgage experience stressful, with paperwork and jargon regarded as the
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Somphote, whose family owns about 40 percent of the Bangkok-based company, saw his fortune slump to as low as $1.6 billion as the bio-fuel and solar-power producer slid 46 percent in a month, according to the Bloomberg Billionaire's Index. That was the biggest drop among the 456 energy
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COLOMBO, April 4 (Reuters) – Sri Lanka's central bank unexpectedly cut its standing lending facility rate (SLFR) by 25 basis points on Wednesday, citing favourable inflation and lacklustre growth after the economy suffered its slowed expansion in 16 years in 2017. The central bank reduced the SLFR to
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OCBC Bank (Malaysia) will collaborate with fintech company Moxtra, to undertake a year-long regulatory sandbox testing of a secure chat banking mobile application. If successful, the OCBC Secure Chat Banking Mobile App will enable premier banking customers to communicate with, and give
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The Financial Crimes Enforcement Network today published a long-expected set of frequently asked questions on expanded customer due diligence requirements under the Bank Secrecy Act, including a new requirement for banks to identify and verify legal entities' âbeneficial ownersâ when accounts
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âWe will be releasing a survey result next week to the community and the City Council that tells us that the most pressing problem in Missoula today in the eyes of citizens is housing â housing affordability and access to housing,” said Mayor John Engen. “And the city of Missoula is taking that seriously.â.
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SYDNEY, April 4 (Reuters) – Australian retail sales rebounded in February as shoppers spent on cafes, clothing and household goods, a tentative sign that consumers may be coming out of the doldrums and contribute to economic growth. Wednesday's data from the Australian Bureau of Statistics (ABS)
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