South Korea’s Finance Ministry said Tuesday that it would ease property regulations in the majority of districts in the capital Seoul in an effort to stabilize the nation’s weakening property market. The ministry said that Seoul and its adjacent metropolitan areas would no longer be designated as “speculative districts” from Thursday, allowing home buyers to…
South Korea Eases Real Estate Regulations in Seoul as Home Prices Tumble
January 4, 2023
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Asia & PacificBusiness & MarketseconomyGlobal Real EstateInvestmentreal estateSouth KoreaSouth Korea's property marketWorldYoon Suk-yeol
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Kentucky Lists BlackRock, JPMorgan Chase for Divestment Over ‘Ideological’ Energy Boycott
January 3, 2023
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BlackRockBusiness & Marketscancel cultureCompanieseconomic policieseconomyenergyFeatured Topicsfossil fuelInvestmentKentuckyLocal NewsPolicies & ImpactsRegional-Local NewsUSUS News
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The State of Kentucky on Tuesday released a list of 11 financial companies that included BlackRock and JPMorgan Chase, warning that they are at risk of divestment because of their ideologically driven boycott of the fossil fuel industry. “When companies boycott fossil fuels, they intentionally choke off the lifeblood of capital to Kentucky’s signature industries,”…
Canada Bans Most Foreigners From Buying Residential Property
January 2, 2023
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Business & MarketsCanadaeconomic policiesforeign banGlobal Real EstateInvestmentpersonal financereal estateresidential propertyWorld
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The Canadian government has implemented a temporary ban on foreigners buying residential property for two years. The Prohibition on the Purchase of Residential Property by Non-Canadians Act took effect Jan. 1, as Ottawa attempts to ease a housing shortage among Canadian citizens. The ban was approved by the Canadian Parliament on June 23, to make homes…
BlackRock, State Street Admit Signing Net-Zero Pledges They Don’t Act On
December 29, 2022
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AnalysisBlackRockBusiness & MarketsCompanieseconomic policieseconomyenergyEnvironmentESGInvestmentLocal NewsOpinionPolicies & ImpactsPoliticsRegional-Local NewsScienceState StreetTexasUSUS News
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News Analysis Texas state senators struggled for more than six hours last week to get straight answers from Wall Street giants BlackRock and State Street, two of the world’s largest asset managers, regarding what they are doing to compel companies whose shares they own to get in line with the ESG movement. Having joined global…
Podcast Reveals Modern Day Slavery at CCP-Controlled Cobalt Mines in the Congo
December 28, 2022
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AfricaBusiness & MarketsChinaChina Human RightscobaltCompaniesCongoeconomic policiesEnvironmentGlobal ExpansionGold and CommoditiesInternational RelationsInvestmentMarketsModern SlaveryScienceSpecial TopicsWorld
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A revealing podcast has again brought to light the problem of slavery at Chinese Communist Party (CCP)-owned cobalt mines in the Congo and the hypocrisy of green energy advocates. Siddharth Kara, author of Cobalt Red: How The Blood of The Congo Powers Our Lives and a visiting Harvard professor, told his host Joe Rogan about his research and…
Zelenskyy, BlackRock Announce New Investment Initiative to Rebuild Ukraine
December 28, 2022
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BlackRockBusiness & MarketsEuropeInvestmentPoliticsRussia-Ukraine WarUkraineUSVolodymyr ZelenskyyWorld
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Global asset manager BlackRock will coordinate investment in rebuilding Ukraine’s economy, Kyiv announced on Wednesday. Following a meeting between President Volodymyr Zelenskyy and BlackRock CEO Larry Fink, the government confirmed that the Wall Street titan agreed to coordinate “the efforts of all potential investors and participants in the reconstruction of our country.” As a result…
Investors Worldwide Further Reduce Stakes in Chinese Tech Firms, Some Shift Investment to Taiwan
December 26, 2022
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AlibabaBerkshire HathawayBusiness & MarketsBYDChinaChina Business & EconomyCompaniesFoxconnInflation Reduction ActInvestmentSoftbankTaiwantariff evasionTencentTsinghua UnigroupTSMCWarren Buffet
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New Analysis Amid a grim outlook of the Chinese economy, particularly its technology sector, foreign investors have been cashing out their gains on Chinese stocks, fearing their values might plummet further. Meanwhile, some investors have turned their attention to Taiwanese tech firms. Berkshire Hathaway, Warren Buffett’s investment firm, has reduced its holdings of BYD, a…
How Investors Should Approach a Volatile 2023
Commentary The market’s fixation on inflation and the Fed’s interest rate moves appears, at least for now, over. We’re moving onto real concerns such as an economic recession, and for investors, a corporate earnings and growth decline as a result of said recession. This column isn’t going to predict where the S&P 500 will end…
Millennial Money: Prepping to Buy a Home or Invest in 2023?
December 23, 2022
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It has been quite the year. In 2022, we’ve lived through high inflation, stock market lows, housing market frenzies and ongoing Federal Reserve rate hikes. Although we don’t have a crystal ball to predict what will happen to the economy next year, we could use this year’s events as a guide: Things may continue to…
FTX Asks Politicians to Voluntarily Return Billions in Sam Bankman-Fried Donations Amid Mounting Debts
December 22, 2022
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Business & Marketscampaign donationscongresscryptocurrencyFTXInvestmentMarketsPoliticsSam Bankman-FriedUS
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Failed crypto exchange FTX is asking politicians and charities to return the millions of dollars in donations they received from former CEO Sam Bankman-Fried in order to help pay off its mounting debts. In a press release on Dec. 19, the company said that it has already been approached by a number of recipients of contributions or other…
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