Hong Kong’s Hang Seng Index Jumps 20% From January Low, Heads for Bull Market
Hong Kong’s benchmark equity index headed for a technical bull market as a surge in Chinese property shares gave more impetus to this month’s stellar rebound.
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Hong Kong’s benchmark equity index headed for a technical bull market as a surge in Chinese property shares gave more impetus to this month’s stellar rebound.
Britain’s homebuilding approval process is failing to cope with a surge in local protectionism that’s driving more costs to the taxpayer
Chinese property shares surged, leading gains in the broader market, as sentiment got a boost after a major developer reached a solution with bondholders for its liquidity issues.
New Zealanders who own properties in areas prone to flooding or earthquakes may find they can’t afford insurance or may not be offered cover for specific risks, according to the Reserve Bank.
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Jan 9, 2018
The Canadian Press
VANCOUVER - New York-based Blackstone Property Partners has signed a deal to acquire Vancouver's Pure Industrial Real Estate Trust in a deal valued at $3.8 billion including debt.
Under the agreement, Blackstone will pay $8.10 per unit in cash for Pure (AAR.UN.TO).
The units closed at $6.72 on the Toronto Stock Exchange on Monday.
Pure surged more than 20 per cent on Tuesday morning to $8.11 a share following the announcement of the deal.
Pure says the deal has the unanimous support of a special committee, as well as the trust's full board of trustees.
The deal requires approval by a two-thirds majority vote by unitholders as well as court and regulatory approvals.
Pure owns and operates a portfolio of industrial properties in markets across Canada and in the United States.