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  • July 14, 2014
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  1. Property - International - UNITED STATES

    US recovery falters as forecasters expect drop in sales

    Posted Jun 25th 2014, 01:30am by Bloomberg

    ... the highest on record, according to the National Association of Realtors. This year, price appreciation would slow to 5.6 per cent, it said. According to banks, 30-year fixed mortgage rates would ...

    http://www.scmp.com/property/international/article/1539693/us-recovery-falters-forecasters-expect-drop-sales
  2. News - World - UNITED STATES

    77,000 foreign banks agree to share tax information with United States

    Posted Jun 03rd 2014, 10:07am

    ... Associated Press It will soon get a lot harder to use overseas accounts to hide income and assets from the US tax collectors. More than 77,000 foreign banks, investment funds and other ... Department announced on Monday. The list includes 515 Russian financial institutions. Russian banks had to apply directly to the IRS because the US broke off negotiations with the Russian government ...

    http://www.scmp.com/news/world/article/1524333/77000-foreign-banks-agree-share-tax-info-united-states
  3. News - World - UNITED STATES

    College does make you richer, US Federal Reserve bank study shows

    Posted May 06th 2014, 09:57pm by Reuters

    ... a study published by the Federal Reserve Bank of San Francisco shows. That's after accounting for the high cost of college tuition and the four years of wages lost during the time it takes ... future earnings involves a four-year college degree," wrote Mary Daly, the San Francisco Federal Reserve Bank's associate director of research, and Leila Bengali, a research associate, ...

    http://www.scmp.com/news/world/article/1506122/college-does-make-you-richer-us-federal-reserve-bank-study-shows
  4. Property - International - UNITED STATES

    All-cash home purchases surge in US with rising interest rates

    Posted May 14th 2014, 05:04am by Bloomberg

    ... owner-occupant buyers," Blomquist said. Banks' stricter credit standards following the housing crash, in combination with rising mortgage rates, have put the brakes on lending. More than 40 per ... surpassing US$100 billion for seven straight quarters to June last year, according to the bank. Second-ranked JP Morgan Chase's US$17 billion total in the first quarter fell below the trough ...

    http://www.scmp.com/property/international/article/1511301/all-cash-home-purchases-surge-us-rising-interest-rates
  5. News - World - UNITED STATES

    US judge hands out tough sentences for high-stakes Russian gambling ring

    Posted May 01st 2014, 09:14pm by AP

    ... scheme by Russian-American organised crime enterprises. He was among more than 30 people named in a plot to launder illegal gambling proceeds through hundreds of bank accounts and shell companies ...

    http://www.scmp.com/news/world/article/1501778/us-judge-hands-out-tough-sentences-high-stakes-russian-gambling-ring
  6. News - World - UNITED STATES

    Growing numbers of Americans renounce United States citizenship

    Posted Apr 28th 2014, 05:04am by AP

    ... the income of non-American spouses, and decisions by some European banks to close accounts of US citizens or deny them loans. Decisions to renounce "are driven by a whole range of emotional ...

    http://www.scmp.com/news/world/article/1498385/growing-numbers-americans-renounce-united-states-citizenship
  7. Property - International - UNITED STATES

    Rising mortgage rates hammer US housing sales

    Posted Apr 30th 2014, 05:50am by Bloomberg

    ... is emerging as outside influences that fuelled a two-year rebound are receding. Mortgage interest rates are rising from record lows as the central bank withdraws its stimulus, and investors, who had ...

    http://www.scmp.com/property/international/article/1500131/rising-mortgage-rates-hammer-us-housing-sales
  8. News - World - UNITED STATES

    Career crook Walter Unbehaun feels right at home in prison

    Posted Apr 18th 2014, 08:59pm by AP

    ... Associated Press in Chicago Career crook right at home in prison An ex-con who has spent most of his adult life behind bars got what he said he wanted for robbing a suburban Chicago bank ... inspired fear," Judge Sharon Johnson Coleman said, repeatedly scolding the high-school dropout and part-time bathtub repairman. As he had on the day he robbed the bank, Unbehaun gripped a cane ...

    http://www.scmp.com/news/world/article/1487194/career-crook-walter-unbehaun-feels-right-home-prison
  9. Property - International - UNITED STATES

    Cash-strapped US cities starting to spend again

    Posted Apr 23rd 2014, 03:24am by Bloomberg

    ... down yields as a result of less risk. Bonds from local government issuers have gained 5.34 per cent so far this year, outpacing the broad market's 4.86 per cent advance, Bank of America ...

    http://www.scmp.com/property/international/article/1494490/cash-strapped-us-cities-starting-spend-again
  10. Property - International - UNITED STATES

    US housing industry shows signs of warming up after brutal winter

    Posted Apr 09th 2014, 04:28am by Reuters

    ... Rob Henger, a director of mortgage banking with FirstBank in Tennessee, said confidence was back. "The damage to our industry and the public perception of housing and mortgage banking ...

    http://www.scmp.com/property/international/article/1469452/us-housing-industry-show-signs-warming-after-brutal-winter

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