World Bank to tighten lending to China under new US deal

Changes made by the World Bank to its lending model will see China eligible for fewer loans as the US pushes for more money to be allocated to poorer countries, the Financial Times reports. The White House reached a deal with the World Bank last week in which the US will contribute a further $13
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Molinaro was asked to open a fortune cookie to begin the interview. For him, it hearkened back to some of the best moments of his life. He opened a prophetic cookie prior to meeting his wife, Corrine. The card read: “You will soon meet a lifelong friend,” and six weeks later, he met Corrine. A few months
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(As it turns out, that building is owned by the people who own the Good Life, and I don't think they are interested in being real-estate developers, but it's still an example of the transfer of wealth this amounts to). So SB 827 – more density – is going to make property owners, including homeowners, richer.
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China's sprawling local government financing system needs “crucial” reforms to increase consumption, build prosperity and encourage economic rebalancing, the International Monetary Fund said. Among the IMF's recommendations is to fund local governments by imposing recurring property taxes and
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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. Currently, Chen Xing Development Holdings and
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KUALA LUMPUR: International investors continued to make their way to accumulate stocks listed on Bursa last week albeit at a rather similar pace … MIDF said based on preliminary data, foreign investors acquired RM324.7mil equities last week, the eight time in 2018 that weekly foreign buying levels
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Fast fashion is at risk of hitting a speed bump if a looming crisis sweeps through Bangladesh's banking sector. Financial institutions in the south Asian nation face a credit crunch following mass deposit withdrawals in March and soaring levels of non-performing loans. Analysts and investors fear a
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Starting this month, four of the largest credit card companies—Visa, MasterCard, American Express, and Discover—will stop requiring signatures on purchases. Major retailers, like Walmart, have already stopped using signatures. Target told The New York Times on Sunday that it will stop requiring
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“Our business model is such that we lend to small businesses mainly for their commercial vehicle category which they can use for their internal requirements or logistics purposes. The ticket size of such loans vary between Rs 1 lakh and Rs 10 lakh,” said Madhu Sudhan, cofounder of Loanzen. He said
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Right now their focus is real estate. These people hack into a title company's or lender's email account and monitor transactions. They're waiting for an “in” with a buyer or seller. When an email with wire transfer instructions is sent to a consumer, the thieves intercept it and replace it with their own email.
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The U.S. Small Business Administration has extended the term of its popular 504 real estate loan program to 25 years, effectively lowering payments for borrowers. The move could be particularly beneficial for the Sacramento region, which is a relatively large market for SBA loans, according to local
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“We have made a lot of mistakes in running the company,” Facebook CEO Mark Zuckerberg says. Facebook Inc. co-founder Mark Zuckerberg defended the social network's value before Congress and pledged to correct its mistakes, as senators questioned whether he'll deliver after years of failed
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The debt problems of Turkey's conglomerates are making the nation's banks less attractive to investors as the non-performing loans weigh on their balance sheets, Bloomberg reported. The Istanbul Stock Exchange's main banking index, which includes 13 banks, has underperformed the wider index by
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The debate between adherents of the kitchen-table approach and the call-center model will likely never have a clear victor, as both types of loan origination — for either forward or reverse — have their merits. But in a world where homeowners who can qualify for a Home Equity Conversion Mortgage are
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Crises over murders streamed on Facebook's video service, racist ad targeting and Russia-sponsored fake news in 2017 swiftly ended such speculation. Zuckerberg continued to portray Facebook as a “community” with a positive impact on the world, as opposed to a business — but the Cambridge
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There are “so many potential risk aversion embers waiting to ignite, it's scary: Mueller, Syria, Iran for starters, but we still have no idea how this Kim-Trump affair will play out. It's incredibly tough to hold a view in this market, and I think this is why we see constant gyrations on risk dynamics on a daily basis.
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Speaking of making good points, Fortune's sister-in-equality, Kristen Bellstrom, makes five — by busting some persistent myths in a piece about the gender pay gap that is ideal for sharing with skeptics or the one in three people who don't know that it even exists. (Also, do yourself a favor and subscribe
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At a time when public confidence in banking has been shaken — 16% of banks' asset portfolio is stressed, 11 public sector banks are in need of what banking regulator RBI calls Prompt and Corrective Action, a scam worth several thousand crore rupees has come to light as having been an ongoing
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Bray Commercial has announced the sales of industrial and office buildings in Grand Junction in separate transactions totaling nearly $5 million. Theresa Englbrecht represented the seller and buyer of a nearly 35,000 square-foot industrial building at 2233 Sanford Drive. The seller sold the building for
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Bank of America announced on Tuesday that they plan to stop lending to companies that make assault-style guns used for non-military purposes. During an interview on Bloomberg television, Bank of America Vice Chairman Anne Finucane said, “It's not our intent to underwrite or finance military-style
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