Eurogroup’s new boss, Seoul’s house prices, corporate debt problems. Catch up with Breakingviews concise views on the pandemic’s financial fallout
Ireland's Minister for Finance and Public Expenditure Paschal Donohoe arrives at a European Financial Forum event in Dublin, Ireland February 13, 2019.LUCK OF THE IRISH. The Emerald Isle has bagged another plum job. Finance Minister Paschal Donohoe was on Thursday elected chair of the Eurogroup of euro zone finance chiefs, pipping Spain’s Nadia Calvino.
SEOUL’D OUT. South Korea is struggling to rein in house prices in its capital. Just a month after tightening mortgage requirements, Finance Minister Hong Nam-ki on Friday announced new measures, including increasing taxes for speculators and multiple property owners. Despite Covid-19 disruptions, the median home price in Seoul has shot up this year, topping $765,000 in May. That’s 15 times the median annual income in the metropolis, and three times more than in other regions like Busan.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breakingviews - Corona Capital: Nursing homes, Airlines, WalgreensFrom Breakingviews: Ford boss Jim Hackett receives an unusual piece of good cheer from his Chinese operations and storied names of the UK high street exacerbate the local unemployment crisis
Read more »
Breakingviews - Corona Capital: Zombie companies, Dark cinemas(Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Read more »
Corona Capital: Zombie companies, Dark cinemasConcise views on the pandemic’s corporate and financial fallout: Zombie companies, barely or not able to cover interest costs, are proliferating; and movie-theater chain AMC Entertainment’s struggles to reopen and refinance show it’s flirting with undeadness, too.
Read more »
Corona Capital: Not so unitedFrom Breakingviews: Cruise Ships aside, it’s hard to find many businesses as vulnerable to a pandemic as movie theaters. Unfortunately for AMC, the coronavirus isn’t the only threat to its long-term survival
Read more »
Corona Capital: British homes, Asian skiesConcise views on the pandemic’s corporate and financial fallout: British homebuilder Persimmon gives a hint that not all is doom and gloom in the property market; and Malaysian carrier AirAsia is in financing talks as auditors questioned its ability to continue operating.
Read more »
With apps and remote medicine, Japan offers glimpse of doctor visits in post-corona eraThe coronavirus crisis has prompted Japan to ease regulations on remote medical treatment, creating an opening for tech companies and offering a glimpse of the future of healthcare in the world's most rapidly ageing society.
Read more »