Asian Shares to Be Pressured, Chipmakers in Focus: Markets Wrap
Stocks advanced as global markets steadied after turbulence driven by misfiring bets over the scale and timing of interest rate cuts by the Federal Reserve.
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Stocks advanced as global markets steadied after turbulence driven by misfiring bets over the scale and timing of interest rate cuts by the Federal Reserve.
Blackstone Inc. collected more fees from big retail funds and credit strategies during the first quarter, compensating for the slower pace of deal exits.
Persistent inflation risks and hawkish signals from the US Federal Reserve are preventing the Czech central bank from accelerating its interest-rate cuts, according to board member Jan Prochazka.
Ken Griffin’s Citadel and Citadel Securities will move their London base to a new office tower on the edge of the City of London, a major expansion of their space in the latest sign of the firm’s growing heft.
Solving a longstanding construction worker shortage will be key to boosting housing supply, experts say, as Canada's national housing agency continues to forecast housing start levels that fall short of growing demand.
Nov 30, 2020
The Canadian Press
WINNIPEG - Artis Real Estate Investment Trust says four trustees have tendered their resignations and both its chief executive officer and chief financial officer will retire as part of a deal reached with private equity firm Sandpiper Group which sought changes at the trust.
Under the terms of the agreement, Artis chief executive Armin Martens will retire effective Dec. 31 and chief financial officer Jim Green will retire after the trust's 2021 annual meeting of the unitholders.
Sandpiper's slate of five nominees, including Sandpiper chief executive Samir Manji, will join two of the existing trustees -- Ben Rodney and Lauren Zucker -- to make up the new board.
Artis proposed a plan in September that would see it spin off its retail portfolio into a new real estate trust and focus on its North American industrial and office businesses.
Sandpiper opposed the plan and said it would cut costs and increase distributions if it won its fight to replace the Artis board.
Jetport Inc., the trust's largest unitholder, had said it would vote in favour of the Sandpiper board nominees at a meeting set for February.