On July 12, the Permanent Court of Arbitration (PCA) at The Hague handed down its long-awaited ruling on a case brought by the Philippines against China regarding the South China Sea. Judging by the international reactions to the ruling so far, the consensus (outside China at least) has been that this is “a huge win“ for the Philippines and a …

Bloomberg China’s real estate sector grew faster than the overall economy in the second quarter as new home purchase restrictions in the biggest cities failed to deter buyers. Economic output by real-estate brokers surged 8.8 percent from a year earlier in the April-to-June period, while construction activities jumped 7.3 percent, data from the National Bureau of Statistics showed this week. …

  Bloomberg Soaring home prices in Vancouver and Toronto won’t keep the Bank of Canada from cutting rates to stimulate the economy, if it comes to that. That’s the takeaway from an interview Bank of Canada Governor Stephen Poloz gave the Wall Street Journal after the release of the central bank’s policy decision, in which it left its benchmark rate …