Author: IA PressRoom

A year ago the demolition of China’s property sector was well under way. Developers struggled to borrow, home buyers were on strike. This year, sagging financial foundations have been underpinned. The central bank has made about $29bn in loans. Local banks have extended deadlines for borrowers. A bounce in April’s new home prices was a sign of hope. But a surge in new court-ordered liquidations and developer defaults should give investors pause for thought.Another Chinese developer, KWG Group, faced a court-ordered liquidation in Hong Kong earlier this month. It is the latest to default and faces repayment demands on $4.5bn…

© Reuters. Investing.com – Markets started the week in the green, with the , and buoyed by U.S. President Joe Biden’s confirmation on Sunday that he has reached a tentative agreement to raise the debt ceiling with House Republican leader Kevin McCarthy, and that the text is ready to be voted on in Congress. The agreement would suspend the debt limit until January 1, 2025. This eliminates it as a potential issue in the 2024 presidential election. Analysts at Link Securities said that welcome the agreement as it will prevent the country from defaulting on its payment commitments, which investors…

FLOKI price surged by 10% on Sunday before slightly pulling back before the end of the day. The price however started Monday with a 2% surge. FLOKI is trending as traders and investors bet on it amid a China-focused push for its Valhalla metaverse game. Along with the price, the FLOKI’s trading volume also jumped to over $60 million up from last week’s average of $25 million. Floki game ads feature some Chinese sporting tournaments Floki recently announced that it was targeting China in its latest push to attract more players for its Valhalla game. As a result, the game’s…

As Bitcoin reclaims its position at the $28,450 mark, investors are left questioning the future direction of this prominent digital asset. Will the bullish trend continue, enabling further rise in Bitcoin’s value, or should we brace ourselves for a possible bearish correction? As we delve into the technical and market indicators, we aim to illuminate these inquiries in our Bitcoin price prediction today.Digital Currencies Rally Amid US Debt Ceiling Discussions, Propelling Bitcoin Over the $28,000 MarkBitcoin’s (BTC) price has risen by 3%, and the rest of the cryptocurrency market is exhibiting a green hue, indicating a potential weekend upswing. However, this capital inflow…

CNN  —  Party leaders in Washington are waging an urgent campaign Monday to convince Democrats and Republicans to get behind compromise legislation that would avert a first-ever national default, with each side proclaiming victory following marathon talks. Prospects for passage of the bill, based on the agreement struck between President Joe Biden and Republican House Speaker Kevin McCarthy, grew Sunday as many centrist Democrats fell in line and Republicans maintained confidence that they would be able to carry the support of the majority of their House conference in a pivotal vote expected Wednesday. In both parties’ sights are those in…

With only three trading days remaining in the month, the EUR/USD holds above 1.07. Sure enough, it had traded with a bearish tone for several days, declining from above 1.10 to the current levels. To some, the current EUR/USD exchange rate is way too elevated. Euro at 1.07 is massively overvalued. That’s because 1.07 versus USD (white) is really something like 1.50 on a broad trade-weighted basis (orange) once you factor in how strong the Dollar is. There’s many reasons for USD to be so strong, but those don’t carry over to the Euro… pic.twitter.com/ojcG6nyJKC— Robin Brooks (@RobinBrooksIIF) May 28,…

vadimrysev/iStock via Getty Images Ahead of Memorial Day, we want to express appreciation to the brave men and women who have made the ultimate sacrifice for our freedom. Seeking Alpha wishes all our subscribers a beautiful holiday weekend and let us remember those who courageously gave their lives. Traders will get some time off from the stock market on Memorial Day after the major averages rallied towards the end of last week on rising optimism over the U.S. debt ceiling. President Biden and House Speaker Kevin McCarthy have since inked a deal on the debt limit, but while an agreement…

Harry Gestetner, 22, runs Fanfix, a platform where fans can subscribe to content. He said it sold for $65 million after sites including TikTok “failed” to help creators make money. He said the platform is “strictly clean” — though it’s not all safe for work. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Harry Gestetner is keen to reassure people that he doesn’t live with his parents.He’s sitting in front of a model airplane in his dad’s home office as he speaks to Insider…

The S&P CoreLogic Case-Shiller 20-city price index posted a 20.2% year-over-year gain in February, up markedly from 18.9% the previous month. On a monthly basis, the index increased 2.4% between January and February. Meanwhile, the Case-Shiller national home price index increased 19.8% between February 2021 and February, up from the previous month. This represented the third-largest pace of home-price appreciation in the Case-Shiller report’s history.

Hello, I’m Emma Dunkley covering for Harriet Agnew this week. Investors are piling back into bonds following a “cataclysmic” period for the asset class. Bond prices tumbled last year after steep increases in US interest rates. But yields on Treasury notes are now higher than they have been for most of the past decade, providing an attractive income for asset managers.With the Federal Reserve nearing the end of its tightening cycle, institutional and retail investors are heading back into fixed income, as Madison Derbyshire and Harriet Agnew report.T Rowe Price, which oversees more than $1tn in assets, said bonds are…