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The fall of the real estate market of the eastern coast of Australia has been observed for five consecutive months, which is the longest period since September 2008, Bloomberg reports. In April, house financing fell 1.4%. In May, prices in Sydney fell 4.2% compared to a 17% increase the year before. Negative impact on the real estate market in Australia has had a toughening of the rules for the issuance of mortgage loans. The decrease in the number of loans led to the fact that prices in Sydney became inaccessible to many investors. The number of Chinese investors, which previously formed the basis of market growth, declined. The growth of wages has not been observed in the country for 5 years. The ratio of debt to income in the economy reached a record high of 189%.
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
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