China Vanke is the latest property titan facing collapse. But while its embattled rivals have been left to flounder,Beijing has come rushing to its aid.
Entire generations have missed the housing boat that has given older Australians a considerable level of wealth through property.
Beijing may not be happy about a downgrade from leading credit agency Moody’s,but it shouldn’t have come as a surprise.
The ugliness in Washington is set to be on show again this week as the US gets closer to a shutdown. The stalemate highlights the need for a long-term plan for its finances.
A world-first analysis of the impact of climate change on countries’ credit worthiness shows Australia will be among the worst hit,pushing up annual interest bills.
The massive wealth transfer that occurred during the pandemic is poised to cause problems. And Australia will not be immune.
The US is going to put trillions worth of new debt up for sale before the end of the year as it tries to rebuild its cash reserves. There is an issue,however.
The historic credit rating downgrade shines a light on how America’s bitterly divided,dysfunctional politics is playing a key role in its deteriorating financial position.
Treasurer Rita Saffioti said the announcement made WA the only Australian state to have AAA ratings from both Moody’s and S&P Global.
Australian credit scores are steadily recovering after taking a hit during the pandemic,and new regulations from July 1 should help them rebuild further.
Home refinancings are at record levels,but your credit score could dent your likelihood of getting a new home loan.