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Finance & Markets

Housing prices crash, first home buyers surge

As the debate over Australian housing price falls and the correct approach to negative gearing and the capital gains tax discount on existing homes continues, we have new hard evidence from New Zealand on the impact of housing crashes on demand from various different buyer cohorts. Of all the major cities in New Zealand, Wellington The post Housing prices crash, first home buyers surge appeared…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

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Higher Oil Prices Let Mexico Pull Back Billions in Pemex Support

Mexico’s government is slashing financial assistance for the state energy major by as much as 70% despite Pemex’s continued struggle to pay down debt and boost production.

  • Mexico cuts Pemex aid by up to 70% despite oil price surge
  • Pemex anticipates $5.63 billion surplus due to higher oil prices
  • Scheinbaum administration reduces Pemex budget by 70% for next year

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