HONG KONG (Reuters Breakingviews) - Few are standing tall in the troubled world of Chinese real estate. China Vanke, the second-largest developer by sales, reckons parts of the housing market are recovering. But weaker rivals are struggling and a rebound requires access to borrowing markets where investors remain sceptical.
(Reuters) -The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said.
OTTAWA Canada's Senate on Thursday passed Prime Minister Justin Trudeau's budget, adopting a long list of measures including a two-year ban on foreign home buyers and the power to confiscate and sell assets seized in response to Russia's invasion of Ukraine.
OTTAWA Canadian Prime Minister Justin Trudeau on Tuesday said his government was watching rising interest rates "with concern," when asked about the impact higher borrowing costs are having on housing affordability in the country.
WASHINGTON Governor Kathy Hochul said on Thursday the Biden administration is seeking changes in a long-planned congestion pricing plan for New York City that could further delay implementation of a system designed to reduce traffic in Manhattan and provide funding to improve mass transit.
BEIJING The Chinese commercial hub of Shanghai will carry out mass testing for COVID-19 in seven districts over the weekend, a local health official said on Thursday.
PRAGUE (Reuters) -The Czech Foreign Ministry summoned Russia's ambassador on Tuesday to express concerns about the use of Russian diplomatic properties.
SHANGHAI Shanghai authorities will lift the city's two-month long lockdown from midnight on Wednesday, allowing private cars including taxis back on to the roads and people to freely move in and out of low-risk housing compounds.
WASHINGTON Contracts to buy U.S. previously owned homes dropped to a two-year low in April, the latest indication that rising mortgage rates and higher prices were dampening demand for housing.
HONG KONG (Reuters Breakingviews) - China’s ailing property sector is proving to be a tough repair job. The sluggish economy and pandemic-related lockdowns have only increased the degree of difficulty. Policymakers are digging deeper into the toolbox, but a lack of faith in the industry’s foundations make it harder to rebuild.
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