China’s Credit Unexpectedly Shrinks in April Amid Weak Demand
China’s credit in April shrank for the first time as government bond sales slowed, while loan expansion was worse than expected in a sign of weak demand.
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China’s credit in April shrank for the first time as government bond sales slowed, while loan expansion was worse than expected in a sign of weak demand.
China is set to switch off a live feed of foreign flows for stocks as early as Monday, the latest policy move to shore up confidence by removing a potential source of negative data.
Underlying US inflation probably moderated in April for the first time in six months, offering a ray of hope that price pressures will start to ease again after a string of upside surprises.
Rising housing costs and stubbornly high inflation are battering many consumers and the hit to their wallets is now hurting America’s low-cost restaurants.
Startup Kelvin has a solution to make radiators more efficient and New York apartments less sauna-like.
Oct 5, 2020
Bloomberg News
,Brookfield Asset Management Inc. is weighing a bid for 410 10th Ave., a skyscraper located in Manhattan’s Hudson Yards neighborhood that is owned by SL Green Realty Corp., according to people with knowledge of the matter.
The 20-story office tower counts Amazon.com Inc. and First Republic Bank among its tenants. It was refinanced with a new US$600 million construction loan provided by institutions led by Goldman Sachs and Wells Fargo, the real estate investment trust said last month.
Representatives for Brookfield and SL Green declined to comment.
Brookfield has invested nearly US$5 billion in the Hudson Yards area, where a surge of development is reshaping the far west side of Manhattan. The neighborhood has had success drawing technology and finance tenants, though the pandemic has emptied it out.
SL Green, a major Manhattan landlord, has seen its shares lose nearly half their value this year, with the pandemic largely keeping workers out of office buildings. The company’s newest tower One Vanderbilt, located across from Grand Central Terminal, opened last month to an unusually quiet midtown.
SL Green, which owns a controlling stake in the 10th Avenue building, had been seeking US$1.1 billion for the property, Business Insider reported in July.