Credit Suisse shares edged higher on Thursday, ending a losing streak in which they shed close to a fifth of their value, though the lender is yet disclose how much it lost in trades for stricken U.S. fund Archegos.
By Reuters Staff
2 Min Read
BEIJING, April 1 (Reuters) - China’s monthly new home prices maintained steady growth in March, while the resale housing market also saw an uptick, despite a renewed crackdown on property speculation, a private-sector survey showed on Thursday.
New home prices in 100 cities rose 0.2% in March from a month earlier, unchanged from February’s pace, according to data from China Index Academy, one of the country’s largest independent real estate research firms.
More cities reported monthly gains, with the number up to 76 from 66 in February, while 23 cities posted lower home prices compared with 27 in the preceding month.
By Reuters Staff
1 Min Read
FILE PHOTO: A view shows the Central Bank building, in Beirut, Lebanon November 12, 2020. Picture taken November 12, 2020. REUTERS/Mohamed Azakir
DUBAI (Reuters) -Lebanon’s central bank is ready to facilitate a forensic audit process by Alvarez & Marsal and will discuss this in a virtual meeting with the restructuring company on April 6, it said in a statement on Thursday.
Alvarez & Marsal pulled out of the audit procedure in November, saying it had not received the information it required, prompting parliament in December to lift banking secrecy for one year.
The audit is on a list of reforms that foreign donors have demanded before helping Lebanon out of its grave financial crisis, rooted in decades of state waste and corruption.
3 Min Read
TORONTO (Reuters) - Ontario, Canada’s most populous province, outlined on Wednesday a long-term plan to balance its budget as the economy recovers from the coronavirus crisis, forecasting a narrower deficit in 2021-22 and further gradual declines in subsequent years.
The budget deficit remains historically wide, with additional pandemic-related spending announced, but a path back to balance could be welcomed by bond investors and credit rating agencies. The province is one of the world’s largest sub-sovereign borrowers.
The longer-term outlook gave investors a sense of how Ontario intends to tackle their high deficits, said Robert Hogue, a senior economist at Royal Bank of Canada.
By Reuters Staff
1 Min Read
April 1 (Reuters) - There will be no Asia emerging market report on Friday, April 2, as most markets in the region will be closed for Good Friday.
Reuters will resume coverage of the report on Monday, April 5. (Bengaluru Bureau)