Chinese Stocks, Yuan Primed for Gains on Return From Holidays
Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance and signs of a continued consumption recovery.
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Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance and signs of a continued consumption recovery.
A Chinese program providing state guarantees to developer bonds will be put to the test this week, when payments come due from one of the most indebted builders.
Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.
Households go backwards in 13 developed economies as record immigration runs into a housing crisis.
Bond traders welcomed their first clear sign of a cooling US labor market, but it’s only a part of what’s needed to fire up the truly sweeping rally they’ve been hoping for all year.
Dec 12, 2022
BNN Bloomberg
Waterfront Toronto says it has approved an agreement with two companies that will develop a swath of lakeside land a Google affiliate once hoped to turn into a high-tech neighbourhood.
The organization overseeing the city's waterfront says the agreement with Dream Unlimited Corp. and Great Gulf Group. to develop the 12-acre neighbourhood known as Quayside was endorsed Thursday.
The companies together known as Quayside Impact Limited Partnership say the neighbourhood they will develop will be Canada’s largest all-electric, zero-carbon master-planned community.
It will have more than 800 affordable housing units, with more than half being family-sized with at least two bedrooms.
Another 3.5 acres will feature a car-free green space stretching from Parliament Street to Bonnycastle Street and there will be a low-carbon development, including Canada’s largest tall-timber structure.
Waterfront Toronto's announcement comes after Google affiliate Sidewalk Labs walked away from developing the land in May 2020 because of “unprecedented economic uncertainty."