The real estate sector in Japan has been experiencing a significant boom in recent years, thanks to the country’s ultra-loose monetary policy and the weakening of the Japanese yen. According to Henry Chin, the head of Asia-Pacific research at CBRE, this is a “golden period of Japanese real estate” due to the favorable lending terms,
World
Stocks took a substantial hit on Tuesday, with traders closely monitoring the surge in Treasury yields, which reached a 16-year high. The Dow Jones Industrial Average plummeted by 1%, losing 345 points. The S&P 500 saw a decline of 1.1%, while the Nasdaq Composite dropped 1.5%. As yields spiked following the release of the August
China’s demand for major commodities has been growing at robust rates, defying the expectations of many analysts. Goldman Sachs, in a recent note, highlighted that China’s appetite for copper, iron ore, and oil has exceeded their full-year expectations. This surge in demand has been attributed to the notable growth in China’s green economy, grid and
Nearly complete results of Slovakia’s parliamentary election have shown that Robert Fico, a leftist former Prime Minister, has emerged as the winner. Fico, who campaigned on ending military aid to Ukraine, secured 23.37% of the vote with his SMER-SSD party. The liberal Progressive Slovakia (PS) party came in second with 16.86% of the vote, followed
European stocks saw a glimmer of hope on Friday as they closed higher, but this small victory could not overshadow the fact that it rounded off a disappointing month and the worst quarter in a year. The pan-European Stoxx 600 index managed to close up 0.5% on the prior session, with tech and household goods
The Paris public prosecutor’s office has initiated an investigation into the CEO of luxury goods company LVMH, Bernard Arnault, in light of financial transactions involving Russian oligarch Nikolai Sarkisov. The probe focuses on the purchase of real estate at an Alpine resort, which reportedly involved a loan from Arnault. According to France’s Tracfin financial intelligence
The Singapore Exchange (SGX) has recently become the first exchange in Asia to offer trading in “structured certificates.” These financial instruments are issued by a third party and are based on underlying assets, such as a single stock or an equity index. While this new offering by SGX has generated interest, it remains to be
The benchmark 10-year Treasury yield reached its highest level in more than 15 years, igniting worries about persistent inflation and the possibility of a longer period of tight monetary policy. The yield rose 5 basis points to 4.612%, surpassing Tuesday’s peak of 4.566%, which was the highest level observed since 2007. The 2-year Treasury yield
China’s push for urbanization appears to be slowing down, which could have detrimental effects on the already struggling property sector, warns China economist Hao Hong. Hong points out that the construction of an excessive number of housing units for the Chinese population has contributed to the current challenges faced by the property market. Additionally, the
E-commerce giant Amazon recently announced its plans to invest up to $4 billion in Anthropic, an artificial intelligence (AI) firm. This move reflects Amazon’s determination to stay on par with rivals such as Microsoft and Alphabet’s Google in the fast-paced world of AI technology. Anthropic, founded by former OpenAI research executives two years ago, has