Steward Health Files Chapter 11 After Medical Properties Deal
Steward Health Care System LLC filed for bankruptcy early Monday as it’s finalizing a rescue loan with landlord Medical Properties Trust Inc.
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Steward Health Care System LLC filed for bankruptcy early Monday as it’s finalizing a rescue loan with landlord Medical Properties Trust Inc.
Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance.
One of China’s most-watched developers has told some investors that it readied cash for an upcoming yuan bond payment, a move that may boost a firm that’s faced concern about its liquidity amid a broader property debt crisis.
A Chinese program providing state guarantees to developer bonds will be put to the test this week, when payments come due from one of the most indebted builders.
Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.
Sep 8, 2016
Reuters
,OTTAWA - Canadian new housing prices rose more than expected in July, climbing 0.4 per cent from June on continued strength in the hot market of Toronto, Statistics Canada data indicated on Thursday.
The monthly increase, the 16th in a row, was greater than the 0.2 per cent advance forecast by analysts in a Reuters poll.
Prices in the combined Toronto-Oshawa region, which accounts for 27.92 per cent of the Canadian market, rose by 1.0 per cent. Builders cited market conditions and prices on new listings as reasons for the increase.
Prices in Vancouver, another booming market, climbed 0.6 per cent. The rapid rise in prices in the two major cities have raised concerns that their markets are becoming overheated.
The new housing price index excludes apartments and condominiums, which the government says are a particular cause for worry and which account for one-third of new housing.