Chinese Stocks, Yuan Primed for Gains on Return From Holidays
Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance and signs of a continued consumption recovery.
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Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance and signs of a continued consumption recovery.
A Chinese program providing state guarantees to developer bonds will be put to the test this week, when payments come due from one of the most indebted builders.
Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.
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Bond traders welcomed their first clear sign of a cooling US labor market, but it’s only a part of what’s needed to fire up the truly sweeping rally they’ve been hoping for all year.
Jul 5, 2017
The Canadian Press
VANCOUVER -- The City of Vancouver says proposed new rules for short-term rentals would allow for most such rental listings but also protect long-term rental housing as the city's vacancy rate dips below one per cent.
The new rules will be discussed by council next week and would allow homeowners or renters to advertise a room or their entire residence on a short-term rental platform such as Airbnb or Expedia.
Short-term rental operators would be required to hold a $49 annual licence issued by the city, and the licence details would have to be included on the rental platform advertisement.
The framework would ban short-term rentals of secondary residences but would allow home owners and renters to list and rent their principal homes.
In addition to the licence fee from operators, rental platforms such as Airbnb would also have to apply a transaction fee of up to three per cent and remit that fee to the city.
Mayor Gregor Robertson says the proposals will protect the rental housing supply while enabling local residents to make a little extra cash to supplement their incomes.