Sales of homes of all types plunged 31% year-on-year, sales of new homes crashed 39%, and the number of mortgages written collapsed 65%
The Brazilian conglomerate’s rot was revealed by Operation Car Wash, leading to imprisonment of political and business figures across Latin America.
NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus.
But it helped high-income people buy homes.
It was a doozie, but it shouldn’t have come as a surprise. Here’s why.
President of Mexico not amused: “In three years there was no investment in exploration, no investment in drilling wells, and they rated Pemex very highly. Now that there is investment, they downgrade Pemex.”
Kier shares are one of the biggest holdings of Woodford Equity Income fund.
His lawyer suggests if the price is too high, he may be willing to take his friend, former president of Mexico, down with him.
What to do with those messy banks ignites further tensions.
China deliveries in its fiscal year: -34%. And not getting better: in April, -45%.