Standard Chartered warns of lower profits
(26 June 2014) Standard Chartered has said first-half operating profits will be 20% lower than a year earlier, blaming a slump in income from its financial markets business. The warning comes only three months after the Asia-focused lender reported its first fall in annual profits for a decade. The UK bank had been expected...
Why Vancouver housing is unaffordable and what to do about it
Metro Vancouver's astronomical real estate prices are caused mostly by high immigration and foreign investment, says UBC geographer David Ley, author of Millionaire Migrants. He shows how the problem is being tackled in four similarly skewed 'gateway' cities - Hong Kong, Sydney, Singapore and London. (27 June...
Dubai stock market plunged 25 percent!
Dubai stocks remain pricey (June 27, 2014) - Dubai’s stock market is in the midst of an epic crash. After falling 6.7 percent on Tuesday, the biggest drop since August, Dubai’s largest stock index, the DFM General Index, is down 25 percent from its peak in May. A sell-off that steep usually presages a nice buying opportunity,...
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