US Law Firm Mayer Brown Poised to Split Off Its Hong Kong Office
Chicago-based law firm Mayer Brown LLP is preparing to split off its Hong Kong operation amid US and China geopolitical tensions, according to people familiar with the matter.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Chicago-based law firm Mayer Brown LLP is preparing to split off its Hong Kong operation amid US and China geopolitical tensions, according to people familiar with the matter.
The Czech Republic is poised to cut interest rates by another half of a percentage point, but a nascent economic recovery and sticky inflation may slow monetary easing in the following months.
Hong Kong’s world-beating stock rally is showing no signs of letting up even with Chinese investors, a key buying force, out of action.
National Australia Bank Ltd. shares inched higher after plans to buy back A$1.5 billion ($1 billion) more of its own stock, as profit at the lender met expectations and Chief Executive Officer Andrew Irvine said the economic outlook remains resilient.
The resilience of corporate Australia to rising interest rates has taken traders and economists by surprise in recent months. Now, the boss of the country’s biggest lender to businesses says he’s been caught out too.
Apr 2, 2019
BNN Bloomberg
,Home sales in the Greater Vancouver Area sank in March to their lowest level for that month in more than three decades.
There were 1,727 homes sold across the region last month, which was 31.4 per cent lower than a year earlier, according the Real Estate Board of Greater Vancouver (REBGV). However, last month’s sales increased slightly from February, when 1,484 were homes sold.
“Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced,” said REBGV President Ashley Smith in a release Tuesday. “For three years, governments at all levels have imposed new taxes and borrowing requirements on to the housing market.”
A number of government policy measures such as the Office of the Superintendent of Financial Institutions' B-20 mortgage stress test rules implemented in January 2018 and foreign home buyers’ taxes in Ontario and British Columbia are often credited with cooling the country’s once-hot housing markets.
“What policymakers are failing to recognize is that demand-side measures don’t eliminate demand, they sideline potential home buyers in the short term,” Smith added.
The amount of inventory increased year-over-year, with listings in Vancouver sitting at 12,774 in March, a 52.4 per cent increase from the same month the previous year.
When it comes to prices, homes in Vancouver are still among the priciest in the country, but have decreased since the same time last year. Indeed, Metro Vancouver’s composite benchmark price fell 7.7 per cent year-over-year last month to $1,011,200.