China Property Woes Deepen With Vanke Slump, Country Garden Halt
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
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One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship.
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
Plunging demand for commodity offices in the US is driving growth for the highest-quality properties, a Morgan Stanley executive said.
Nov 28, 2020
Bloomberg News
,(Bloomberg) -- The government of Afghanistan and the rebel Taliban movement have agreed on procedural rules for peace talks to end the country’s 19 years of conflict.
The terms, which consist of 21 articles, have been “approved” by both parties to break weeks of stalemate, Mohammad Naeem, a spokesman for the Taliban in Doha, Qatar, where they have a political office, said on Twitter. The Afghan government hasn’t commented.
A key disagreement has been whether the U.S.-Taliban deal should serve as the basis for the Afghan-Taliban talks, a position rejected by the government. The peace deal the U.S. signed with the militants on Feb. 29 requires the Taliban to cut ties with all terrorist groups, including Al-Qaeda, in exchange for troop withdrawal from Afghanistan.
The U.S. has started withdrawing forces from the country and will reduce its troops to 2,500 from 4,500 by Jan. 15, with more scheduled leave by May. The Afghan government expressed concern over what it considers a premature withdrawal that could leave the country in civil war.
The United Nations has noted a dramatic surge in violence by the Taliban since the talks began on Sept. 12, ranging from attacks on Afghan army bases to attempts to capture key cities including Kandahar. Other militants have launched assaults on Kabul University and other educational centers, killing dozens of students. On Sept 21, unknown assailants fired a deadly barrage of rockets that struck residential areas in the capital.
©2020 Bloomberg L.P.