Housing Prices Up

Average prices for three common types of housing were up year-over-year in most Canadian markets in the first quarter, national real estate company Royal LePage said Thursday. Royal LePage said the average price for a standard two-storey detached house was up 2.2 per cent in the January-March period compared with a year ago, while the Read more about Housing Prices Up[…]

Housing Recovery

This week, the markets remained fixated on the fiscal cliff. Unfortunately, there was little economic news to keep minds off of the potentially painful situation. Data on the real estate sector, the key set of economic indicators at the moment, remained bullish this week. Home price gains of 5% or more for all of 2012 Read more about Housing Recovery[…]

Asia business

Asia’s top companies are less upbeat on their business outlook than in the first quarter, with mounting concern over the euro zone crisis and a slowdown in China’s growth, according to the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey, published on Wednesday. The Thomson Reuters/INSEAD Asia Business Sentiment Index (RACSI) slid to 69 in June Read more about Asia business[…]

Europe Can Be Saved

Speaking in Italy at the Festival of Economy, the Financial offered a variety of comments on the economy, but has spent most of his time on the current situation in Europe. In a speech long enough, Soros covered Greece, Germany and the reasons why it considers that the Union will survive financial and trade-offs between Read more about Europe Can Be Saved[…]

Financial Stock

JPMorgan surprise loss of $ 2 billion trading attracted sell-off in financial stocks Friday, but the broader market edged higher as investors decided it was a problem for investment banks and other industries not. The Dow Jones Industrial Average rose 11 points in midday trading, after rebounding from a decline of 76 points. The Standard Read more about Financial Stock[…]

Idea To Refinance

Low mortgage rates have many homeowners rushing to refinance, and the vast majority of those borrowers opt for fixed-rate home loans. Yet for some homeowners, an adjustable-rate mortgage can be a financially savvy choice when they refinance. Nowadays, adjustable-rate mortgages, or ARMs, appeal to two groups of borrowers. The first group consists of homeowners who Read more about Idea To Refinance[…]

Possible Credit Downgrades

Some of Wall Street’s biggest banks are bracing for fallout from a possible cut in their credit ratings. Moody’s Investors Service, one of the two big ratings agencies, has said it will decide in mid-May whether to lower its ratings for 17 global financial companies. Morgan Stanley, which was hit hard in the financial crisis, Read more about Possible Credit Downgrades[…]

Too Big to Fail

The 2008 financial crisis has pushed the world economy on the brink of collapse and revealed major flaws in the financial system. Four years later, most observers agree makers whiffed on addressing one of the main causes of the crisis: the difficulty of dealing with financial institutions if they are considered important – by regulators, Read more about Too Big to Fail[…]

Scotia Bank Increased Its Dividend

Scotiabank intends to increase its dividend, while its net profit rose 15% in the first quarter, according to results released Tuesday. The profits of the financial institution totaling $ 1.4 billion in the quarter ended Jan. 31, compared to $ 1.2 billion the same quarter of fiscal 2011. The quarterly dividend on common shares will Read more about Scotia Bank Increased Its Dividend[…]

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