China’s property sector is expected to grapple with “persistent weakness” for years, Goldman Sachs analysts said, adding that its problems would continue to drag on the country’s economic growth.
China cuts short-term borrowing costs to support recovery
China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and prop up a stalling post-pandemic recovery in the world’s second-largest economy.
Iron ore tumbles after Goldman warns on China’s weak real estate sector
Iron ore futures fell nearly 5% in their first decline after eight straight winning sessions as Goldman Sachs warned China’s weak property sector could be a multiyear drag on economic growth
Iron Ore Sheds Nearly 5% After Goldman’s China Property Warning
Iron ore fell for the first time in nine sessions as Goldman Sachs Group Inc. warned that property weakness would likely be a multiyear growth drag for China’s economy.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanSilvio Berlusconi,
Ohio offers East Palestine business owners no-interest, forgivable loans of up to $1 million
It’s the first time that the state is offering direct financial assistance of this type to East Palestine residents after a Feb. 3 train derailment.
Lebanon down to three finalists for fire chief
The city of Lebanon is getting closer in selecting its new fire chief … ExploreLebanon asking voters to increase income tax to cover fire expenses, lower property tax “There will likely be final …
Dubai: Dh100-Million Properties Are No Longer Considered ‘Incredibly Expensive’
Dubai’s ultra-luxury property market has been witnessing unprecedented demand with Dh100-million-plus ticket purchases increasingly becoming a norm in the post-pandemic period, thanks to a strong …
Azerbaijan Launches First Stage of Alat Free Economic Zone
The first stage of the Alat Free Economic Zone on the Caspian Sea littoral territory of Azerbaijan opened last week, with President Ilham Aliyev atten …
Walt Disney’s Former L.A. Home Is Now Renting for $40,000 a Month
The property is now owned by Kazakhstan-born film director Timur Bekmambetov, who bought it in 2011 for $3.7 million, according to public records. Bekmambetov, who lives in Israel and visits the Los …
Learning the Lessons of Afghanistan
The American War in Afghanistan: A History, by Carter Malkasian, Oxford University Press, 576 pages. With the last military planes taking off from Kabul airport at 11:59 P.M. on August 30 …