Author: Jordan

EconomyBeijing warns of retaliation against ‘discriminatory practices’ of foreign firmsPolice officers stand guard outside the gate to Zhongnanhai, the Chinese leadership compound, in Beijing. China released new investment rules on June 1 aimed at safeguarding national security. © ReutersHONG KONG — China has unveiled new rules on outbound investment, tightening oversight of local companies and individuals investing overseas. Source link

Taylor Morrison Home Corporation (TMHC) and Berkshire Hathaway (BRK.B) Inc. (BRK.A) jointly announced that they have reached a definitive agreement for Berkshire Hathaway to acquire Taylor Morrison for $72.50 per common share in cash, representing a total equity value for Taylor Morrison of approximately $6.8B and total enterprise value of approximately $8.5B. The acquisition price represents a 24% premium to Taylor Morrison’s latest closing price of $58.50 on May 29, 2026. The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including approval by Taylor Morrison stockholders and receipt of required regulatory approvals.…

ModaMortgages is expanding its buy-to-let range with the launch of new limited edition two-year fixed rate products. Products start from 3.54% for single-dwelling properties and 3.64% for HMO and MUFB properties with up to six bedrooms or units. The launch comes days after the lender introduced a number of limited edition five-year fixed rates, with products for single-dwelling properties from 5.14% and HMO and MUFB properties from 5.24%. Products are available to individual and limited company landlords up to 80% LTV, with a choice of fee options and free valuations offered across the entire buy-to-let range. Roger Morris,…

The 1.1 acre portion of the Borel prperty at Fostoria Way and Camino Ramon that is owned by the Town of Danville and CCTA. (Image courtesy Town of Danville) As the park district and developers move forward with plans to redevelop the site of Danville’s last walnut orchard into housing and an agricultural park, the Danville Town Council held a discussion this week on what to do with a portion of the property that has been under the town’s ownership for decades. Years before the 17-acre site at the corner of Fostoria Way and Camino Ramon was left to the…

Find out how much you could earn with today’s savings rates. Interest rates on savings accounts have been falling, so it’s important to be sure you’re getting the best rate possible when shopping around for a savings account. The following is a breakdown of savings interest rates today and where to find the best offers. Overview of savings interest rates today The national average savings account rate stands at 0.38%, according to the FDIC. This might not seem like much, but consider that three years ago, it was just 0.06%. Although the national average savings interest rate is fairly low…

How interest rates impact your investmentsChanging interest rates impact your investments in different ways.Term depositsTerm deposits make less money when interest rates fall, more when they go up. Let’s say you could get a 6% interest rate for 1 year while term deposit rates were high. That means for every $100,000 invested, you’d make $6,000 a year. But if term deposit rates fall to 4%, then for every $100,000 you invest you then only make $4,000 a year. This is why economists often say climbing interest rates hurt borrowers but benefit savers.SharesShare prices tend to go up when interest rates are down. That’s…

Landlords have lost confidence in buy-to-let (BTL) finance and many describe the market as unpredictable, a lender’s survey revealed. Landbay’s landlord survey found that over 80% of landlords saw the BTL market as either unstable or unpredictable, with 55.6% describing it as ‘somewhat unpredictable’ and 26.3% saying it was ‘highly volatile’.  As a result, 35.3% of landlords said they had reduced activity, and 21.8% had delayed plans.  The survey found that 49.6% of respondents had less confidence in their ability to access BTL finance, but, positively, 45.1% said their sentiment around lending had not changed. Landbay said this suggested…

JAKARTA, June 1 — Indonesia pledged transparency in the state company that will become its sole exporter of key commodities, as a transition period to a centralised export system began on Monday, covering coal, palm oil, and ferroalloys.On May 20, President Prabowo Subianto announced that the resource-rich nation would centralise control over exports of all its strategic commodities through a new state company, Danantara Sumberdaya Indonesia (DSI), that will be overseen by the sovereign wealth fund Danantara.The policy is aimed at improving tax revenues by tackling under-invoicing and transfer pricing, while also ensuring proceeds are kept onshore to bolster United…

An illegal roadside sign has sparked a firm warning to those who erected it. Adelaide residents are being warned not to take parking issues into their own hands after an illegal sign was erected to steer visitors away from a roadside. The makeshift sign was spotted in the Adelaide Hills on Monomeith Rd at Ashton last month, stating “residential parking only”. It is understood people often park in the roadside spot to visit Cherry Bomb Cafe just around the corner on Lobethal Rd. Adelaide Hills Council was unaware of the sign when contacted and a spokesperson said it was likely…

Keystone Property Finance has reduced rates across its fixed rate buy-to-let (BTL) mortgage ranges by 0.15% following recent falls in swap rates. The reductions apply across the lender’s 2- and 5-year fixed rate products, including its Standard, Specialist, Ex-pat, Holiday Let, Product Transfer, Product Transfer Plus and Refurb to Let Exit ranges. Keystone said its 2-year tracker products remain unchanged and continue to offer options for landlords looking to track the Bank of England base rate. Rates across the lender’s ranges now start from 3.44% at 70% loan-to-value (LTV) for Standard products and 3.49% at 70% LTV for Specialist products.…