Chinese Firms Are Investing Abroad at Fastest Pace in Eight Years
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
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China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
Real estate brokerage stocks tumbled Thursday on waning expectations for Federal Reserve interest-rate cuts, and as a disappointing earnings release raised concern about the sector’s outlook.
Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
A South Florida office skyscraper from Related Cos. landed new finance tenants, including a John Paulson business and a private equity firm that counts Mark Bezos as a founding partner.
Jan 20, 2019
Bloomberg News
,(Bloomberg) -- Debenhams Plc is in talks with landlords to negotiate rent cuts as the U.K. department-store chain seeks to ease the burden of its store portfolio, FT reported, citing unidentified people familiar with the matter.
British Land Co. and Intu Properties Plc have the largest exposure to the retailer, the newspaper reported, citing data from Colliers International. FT said Debenhams declined to comment.
Debenhams said earlier this month that it’s in talks with lenders as it faces at least 300 million pounds of debt coming due starting next year. The stalwart of British shopping districts, which has struggled to keep pace with Amazon.com Inc. and other online retailers, said discounting will likely impact its gross margin in the first half, following three profit warnings last year. It plans to close as many as 50 stores.
To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net
To contact the editors responsible for this story: Shaji Mathew at shajimathew@bloomberg.net, Nour Al Ali
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