Australia’s housing boom defies Delta, boasts best year since 1989
Australian home prices rose at the fastest annual pace since 1989 in August as coronavirus lockdowns weighed more on supply than demand, though months of blistering gains are increasingly putting housing beyond the reach of many.
EXCLUSIVE Singapore Exchange to issue easier rules for SPAC listings -sources
Singapore Exchange is preparing to roll out easier guidelines for listings of special purpose acquisition companies (SPACs) in the city-state, which would make it the first major Asian bourse to accept such investment vehicles, four sources familiar with the matter told Reuters on Wednesday.
Germany’s LEG Immobilien considers foreign expansion, merger cast-offs
German property group LEG Immobilien (LEGn.DE) is looking at expanding abroad and would also consider buying flats from Vonovia (VNAn.DE) or Deutsche Wohnen (DWNG.DE) should their merger go through, its CEO told Reuters on Tuesday.
Housing affordability to worsen near-term, even as prices cool off
The sizzling pace of house price rises in most major world housing markets since the pandemic began has likely peaked, but affordability is set to remain stretched or worsen in the next few years, according to Reuters polls of experts.
Australian economy likely already slowing in Q2 before Delta downturn
Australia’s economy was likely already slowing before wide-scale coronavirus restrictions shuttered swathes of business and jobs, setting the stage for a vicious contraction this quarter.
Global corporate profits to fall 8% in Q3 after record Q2 – data
Global corporate profits in the third quarter are likely to fall for the first time in 18 months after record earnings in April-June, Reuters calculations showed, as the spreading COVID-19 Delta variant squeezes supply chains and raises labour costs.
Dubai house prices to rise modestly, stay affordable in coming years
Dubai’s residential property market is on a steady course, with prices expected to rise modestly over the next couple of years, according to a Reuters poll of housing analysts who say property prices there will remain affordable during that time.
Factbox: From e-commerce to education, China’s season of regulatory crackdown
China’s months-long regulatory crackdown on an array of private companies has unsettled tech upstarts as well as decades-old firms, ushering in a new, uncertain environment.
Analysis: Canada city condo rebound has further to go, fueled by rental demand
Condominium markets in some of Canada’s biggest cities have rebounded strongly this year, and agents and analysts say the market could once again return to pre-pandemic red-hot conditions as rental demand surges and inventories evaporate.
Chinese tech firms ‘self-correct’ to get ahead of potential regulatory fury
Fretting about unprecedented regulatory heat for China’s tech sector, some companies are no longer waiting for any official reprimands that may or may not be forthcoming.
