INVM

Corner: Hong Kong’s real estate sector faces increasingly severe difficulties at the beginning of the year due to high procurement costs and slowing sales | Reuters

by
Corner: Hong Kong’s real estate sector faces increasingly severe difficulties at the beginning of the year due to high procurement costs and slowing sales | Reuters

January 12: Hong Kong real estate development companies find themselves in even more trouble after the new year. Construction site of an apartment complex in Hong Kong, taken in October 2023 (2024 Reuters/Tyrone Siu) [香港　１２日　ロイター] – Since the beginning of the year, real estate developers in Hong Kong have found themselves in even greater difficulty. … Read more

Effects of major US banks’ high interest rates weaken in fourth quarter as special fees also pressure profits | Reuters

by
Effects of major US banks’ high interest rates weaken in fourth quarter as special fees also pressure profits | Reuters

Fourth-quarter 2023 financial results for the four major U.S. banks were lackluster due to rising costs from deposit insurance fund contributions and staff cuts. There are signs that the effect of higher interest rates on boosting profits is fading and some consumer loans are starting to default. Photo: JP Morgan Chase. Photographed in New York … Read more