Hong Kong Stocks Are on Their Longest Winning Streak Since 2018
Hong Kong stocks are on their longest-winning streak since 2018, with a growing chorus of market watchers saying the worst of a years-long selloff is probably over.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Hong Kong stocks are on their longest-winning streak since 2018, with a growing chorus of market watchers saying the worst of a years-long selloff is probably over.
Greg Ward, the Macquarie Group Ltd. banker in charge of the firm’s drive to grab a bigger slice of Australia’s mortgage market, will earn more than the boss of the country’s biggest bank for home loans, as the far smaller rival chips away in the ultra-competitive industry.
Deutsche Bank AG plans to double the assets it manages for rich families in Southeast Asia and the Middle East over the next five years, tapping growing ties between ultra-rich clans in both regions, the lender’s global private banking head said.
The jury in Donald Trump’s hush money criminal trial heard a secret recording in which the former president discussed a payment with his then-lawyer Michael Cohen months before the 2016 election.
A “broken” model in banking is creating issues for financing in the commercial real estate industry, according to Josh Zegen, co-founder of Madison Realty Capital.
May 7, 2021
BNN Bloomberg
,The head of one of Canada’s major office landlords said pandemic restrictions have made finding new tenants a big challenge.
Michael Cooper, chair and CEO of Dream Office REIT, said in a broadcast interview Friday he expects to see a surge in leasing activity once emergency measures to curb COVID’s spread are lifted. The real estate company reported Thursday net rental revenue in the latest quarter fell 9.2 per cent year-over-year to $26.2 million. It executed leases totalling 73,000 square feet compared to 46,000 in the first quarter of 2020.
“People have barely been able to use offices for 14 months and we’ve gone from 97 per cent occupancy to 94 per cent,” Cooper said. “We can see that as the world opens up in other places, people are pouring back to the office.”
The company has been forced to stop showing its properties to prospective tenants due to lockdown restrictions particularly in the city of Toronto, which Cooper said makes getting new tenants difficult.
“Most of our portfolio is in the city of Toronto and Toronto’s lockdown is really severe and we’ve really been respectful of what the recommendations are, so we are really not doing much in the way of tours.” He said. “[But] we think within 60 days we’ll be back at it again and off to the races.”
Cooper said he does not expect a trend toward remote work following the pandemic will severely reduce demand for office space.
“We have the strongest IPO market for tech companies in decades; all of those tech companies are growing fast and a lot of them are using office space,” he said. “We’re going to continue to see a rotation on what's driving office [demand] much more towards technology or fintech.”