China property bubble could cost banks $600 billion in bad debts
By Lianting Tu China watchers are starting to put a price tag on what any collapse in the nation’s red-hot property market could cost banks. A drop of 30 per… Read more »
By Lianting Tu China watchers are starting to put a price tag on what any collapse in the nation’s red-hot property market could cost banks. A drop of 30 per… Read more »
BY Clare Jim HONG KONG: Two cities in China’s southern Guangdong province and the southeast city of Fuzhou imposed new home buying restrictions on Thursday aimed at preventing a property… Read more »
NEW DELHI (INDIA): Government of India signed a Memorandum of Understanding (MOU) with Government of Maharashtra and Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) under the Ujwal DISCOM Assurance Yojana… Read more »
BHUBANESWAR (INDIA): In a bid to attract more domestic tourists to the state, the Odisha government has decided to provide land and other infrastructure to other state governments to build… Read more »
THANE (INDIA): A Special Purpose Vehicle (SPV) will be set up soon by the government to facilitate Thane become a Smart City, Thane Municipal Commissioner Sanjeev Jaiswal said. Thane was… Read more »
NEW DELHI (INDIA): State-owned Canara Bank, Indian Bank and private sector Kotak Mahindra Bank on Thursday cut lending rates by up to 0.1 per cent, following the 0.25 per cent… Read more »
PALGHAR (INDIA): A city-based builder was arrested for allegedly duping around 2,000 flat-buyers to the tune of Rs 60-70 crore, police said today. Mohammad Azam Abdul Azim Khan, who was… Read more »
BY William Schomberg LONDON: British house prices rose at their slowest pace in more than three years in the three months to September, figures from mortgage lender Halifax showed,… Read more »
NEW DELHI (INDIA): Top mortgage lender HDFC Ltd will raise Rs 1,500 crore by issuing debt securities on a private placement basis. The secured non-convertible debentures (NCDs) will carry a… Read more »
BY JOHN TILAK TORONTO: Home sales in the greater Toronto Area (GTA) jumped 21.5 percent in September from a year ago and prices climbed at a similar pace, data showed… Read more »