The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.
Fed Chairman Ben Bernanke spoke of the much-awaited rules in a broader speech Tuesday about the challenges confronting policymakers in trying to stabilize [...]
At 12noon (AEST), the Australian dollar was trading at $US0.9372/77, down from Friday’s close of $US0.9421/25.
During the morning, the local unit traded between a low of $US0.9377 and a high of $US0.9423.
The housing finance data came in well below expectations and pushed the Australian dollar below a key support level of $US0.9380, Easy Forex senior [...]
Brazilian real estate company JHSF Participacoes is planning an initial public offering of shares on the Brazilian Stock Exchange, or Bovespa, the company said Friday in a filing with the Brazilian Securities Commission, or CVM.
The company did not unveil a timetable or financial details of the operation. JHSF said in the prospectus of the [...]
Brazilian real-estate developer Tecnisa SA raised 791.3 million Brazilian reals ($371.5 million) from its initial public offering on the Brazilian Stock Exchange, or Bovespa, the company said in a statement late Tuesday.
Tecnisa sold 60.869 million common shares, 45.435 million through a primary offer and 15.434 million via a secondary offer.
The shares under the secondary were [...]
AEGON and Banca Transilvania have signed a memorandum of understanding to jointly develop and operate a mandatory pension company in Romania. The 50-50 joint venture company will be established during the summer of 2007 in anticipation of the mandatory pension system, which is expected to be operational in Romania by early 2008. In addition, AEGON [...]
Land prices are soaring, ordinary citizens are taking out loans just to grab some of the available real estate, and the government has taken measures to prevent the situation from spiraling out of control.
Yes, South Korea is now in the midst of an asset-inflated “bubble economy” like the one Japan experienced in the 1980s and [...]
The Nikkei average gained 0.34 percent on Wednesday as real estate firms including Mitsubishi Estate Co. Ltd. advanced on fading expectations for an imminent interest rate rise, offsetting losses in bank stocks.
High-tech shares such as Tokyo Electron Ltd., hit earlier by a downbeat earnings report from chip giant Intel Corp., regained some ground as investors [...]
President Gloria Macapagal Arroyo has granted local exporters travel tax exemption of up to a maximum of P20 million annually when they attend international trade fairs, exhibitions and economic missions abroad.
The President underscored the need to evolve export development into a national effort in signing Executive Order No. 589.
“In order to implement the strategies [...]
The nation’s house party ended with a thud in 2006, leaving everyone from condo flippers to
Federal Reserve chairman Ben Bernanke waiting to see what would happen next.
The sudden stall in home sales, home construction and home prices — and what that will mean for the economy — was voted the top business story of the [...]
South Korea’s central bank has ordered banks to raise reserves for the first time in almost 17 years in a bid to curb soaring housing prices.
The Bank of Korea said its monetary policy committee increased the mandatory reserve ratio on demand deposits from the current five to seven percent, effective from December 23.
The decision, the [...]
Rodobens Negocios Imobiliarios SA, a Brazilian company specialized in financing real estate development projects, is planning an initial public offering of shares on the Brazilian Stock Exchange, or Bovespa, the company said Thursday.
Rodobens registered its intentions with the Brazilian Securities Commission, or CVM, saying it plans to offer only common shares. The company did not [...]
