South Korea’s economy expanded at a much faster pace than expected in the first quarter of this year, offering relief to those concerned about the severe slump experienced last year persisting for an extended period.
Private lenders, in pole position as high interest rates leave them as the sole option for many in the commercial real estate market (CRE), are turning more selective and worsening a liquidity gridlock in a sector facing trillions of dollars of maturing debt.
Retirement planning has taken a back seat as inflation makes things more expensive and working adults prioritise debt repayments amid high interest rates, a survey shows.
Solar stocks have been some of the hardest hit equities in US markets this year, with several major solar firms nursing stock price losses of more than 50% and a major solar-based exchange-traded fund (ETF) down roughly 30%.