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.
Latest Videos
The information you requested is not available at this time, please check back again soon.
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.
Jun 19, 2018
Bloomberg News
,(Bloomberg) -- Storm clouds could be building for the housing industry, even with starts of new construction rising in May to the highest in more than a decade.
Mortgage applications, as tallied by the Mortgage Bankers Association, have risen just once since mid-April as the Federal Reserve gradually lifts borrowing costs. While refinancing has taken the hardest hit, loans for new purchases remain well below levels seen during the housing boom more than a decade ago, data show.
Stay tuned: Mortgage applications data for the week ended June 15 will be issued Wednesday.
Underscoring the trend, permits for new construction -- considered a leading economic indicator -- dropped in May, the third decline in five months, according to Commerce Department data issued today.
To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net;Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net
To contact the editors responsible for this story: Kristy Scheuble at kmckeaney@bloomberg.net, Alex Tanzi, Vincent Del Giudice
©2018 Bloomberg L.P.