When Wu Qi and her husband traded in their Mazda 3 for a more expensive Mercedes Benz sedan, they applied for a 200,000 yuan ($29,000) bank loan to help pay for it. Quick and easy access to credit has encouraged many young Chinese to go into the red to buy cars and apartments they could not otherwise afford. "It is very easy -- the car company encourages you to borrow the money and enjoy the car," said Wu, 39, adding the couple is also paying off a one million yuan mortgage for a three-bedroom flat in Beijing.
At the junction of Balmoral Road and Stevens Road is Hong Leong Holdings’ One Balmoral in prime District 10. On May 16, a 2,228 sq ft, three-bedroom penthouse changed hands for $4.48 million ($2,012 psf), the largest transaction in the development so far in terms of absolute price. The sale was brokered by Aaron Wan, associate division director of ERA Realty Network, who has been marketing units at One Balmoral since 2014.
By Martyn Herman LONDON (Reuters) - Arsenal salvaged some silverware from a traumatic season as they denied Chelsea the double with a 2-1 victory in an enthralling FA Cup final thanks to Aaron Ramsey's late winner on Saturday. Chelsea had been hot favourites to put the icing on the cake of a remarkable debut season for manager Antonio Conte but were not at their clinical best as Arsenal lifted the Cup for the third time in four seasons. Chelsea made a woeful start and were behind after four minutes to Alexis Sanchez's hugely controversial opener but when Diego Costa levelled in the 76th minute it seemed the fates were with the Blues despite playing with 10 men.
Donald Trump's first trip overseas was supposed to be about building bridges and clarifying his administration's intentions to friends and foes alike. Trip stops in Saudi Arabia and Israel and the Palestinian territories secured broadly favourable coverage with Trump seen by some commentators as having finally hit a presidential note. In talks with EU leaders, Trump appeared to display a limited grasp of how the world's biggest market operates a common trade policy, railing against Germany's "bad, very bad" surplus with his country.
The mother of the CEO of the ride-hailing company Uber died in a boat accident Friday evening in Fresno County, the company said. Bonnie Kalanick, 71, died after the boat she and her husband, Donald, 78, ...
The “Pirates of the Caribbean” movies may be coming at a slow pace these days, but they still are coming. This is a movie where our heroes sail their pirate ship through space to the afterlife to rescue Jack, for one thing.
A man fatally stabbed two passengers aboard a Portland, Oregon, commuter train after they tried to stop him from harassing a pair of apparent Muslim women, police said on Saturday. The assailant was identified by police as Jeremy Joseph Christian of Portland, a 35-year-old convicted felon. It began when Christian started shouting ethnic and religious slurs, apparently directing them at two young women on the train, one of whom wore a Muslim head covering, the Portland Police Department said in a statement.