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Iron ore climbed to the highest level in seven weeks as Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after disruptions hit supplies at mines in Western Australia.
Chinese developer Country Garden Holdings Co., one of the biggest symbols of the nation’s broader property debt crisis, won approval to push back payments on three yuan bonds, people familiar with the matter said, staving off its first local default for now.
The East London financial district is struggling to retain some major occupiers but its not all doom and gloom.
Centerbridge Partners’ Billy Rahm, who oversees global real estate investing, is leaving the firm, according to people with knowledge of the matter.
Uniti Group Inc. is in advanced talks to reunite with telecommunications provider Windstream in a merger that could be valued at up to $15 billion, including debt, according to people familiar with the matter. Uniti rose as much as 13%.
Dec 18, 2017
, Reuters
Short-term home rental service Airbnb said on Monday it would record a full year of profitability in 2017, helped by growth in emerging markets such as China.
"We will be profitable, as measured by EBITDA," said Chris Lehane, global head of policy and public affairs, in a conference call.
"The third quarter was the strongest quarter in the company's history and this year."
The company said guest arrivals in its listings in the Chinese market nearly tripled from last year.
Airbnb has over four million listings globally and over 200 million guest arrivals in listings, according to a company data published in August.
Founded in 2008, the company is widely expected to debut in 2018 and would be one of the most sought-after IPOs.
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