China Wednesday announced plans to allow the issuance of securities backed by residential rental properties amid its drive to foster the growth of rental housing market.
Biz - Money
China's gross oceanic product rose 7 percent year-on-year to 1.8 trillion yuan (about $285 billion) in the first quarter, according to the Ministry of Natural Resources.
PayPal said on Wednesday that first-quarter profit rose by one-third thanks to increases in mobile payments and cross-border trade.
Markel incurred a net loss this quarter, but this financial holding company isn't worried.
Technology plays a major role.
South Korea's economy bounced back last quarter, buoyed by booming exports of data memory chips and a boost from government spending, although private consumption was sluggish.
Oil prices rose on Thursday, supported by an expectation that the United States will re-impose sanctions against Iran, a decline in output in Venezuela and ongoing strong demand.