TORONTO, Jan 15 Reuters Canadian home sales rose in December to end the year on an upbeat note after the market was buffeted by higher borrowing costs in 2023, data from the Canadian Real Estate Association showed on Monday. Home sales rose 8.7 in December from November and were up 3.7 yearoveryear, the largest yearoveryear […]

ISTANBUL, Jan 15 Reuters Turkey39;s banks and other financial institutions will have to wait until 2025 to apply inflationadjusted accounting to their balance sheets, the BDDK banking watchdog said on Monday. It has been decided that banks, leasing, factoring, financing, savings financing and asset management companies will switch to inflation accounting as of 01.01.2025, the […]

LONDON, Jan 15 Reuters Average asking prices for British homes made the strongest start to the year since 2020, according to a Rightmove survey on Monday that added to signs that the slowdown in the sector could be easing as demand picked up in January. The average price of homes put on sale between Dec. […]

SINGAPORE, Reuters Taiwan39;s election could allay global concerns about the island39;s relations with China, while prompting a light selloff domestically on Monday as investors worry the result could hinder economic policy. Vice President Lai Chingte won the presidency on Saturday, the third consecutive term for his ruling Democratic Progressive Party DPP, but the party lost its parliamentary majority, […]

NEW YORK, Jan 15 Reuters Global banks could boost their valuations by a combined 7 trillion in the next five years if they take major steps to promote growth and boost productivity, the Boston Consulting Group said in a report on Monday. Lenders could roughly double their current valuations if they pursue growth and improved […]