An exodus of online casinos from Manila is slowly emptying the Philippine capital’s residential towers, pulling rents lower, according to property broker KMC Savills Inc. Next year could be worse, it said.
China’s economic recovery displayed mixed signals while remaining broadly steady in October, with small businesses turning more cautious and the property market weakening even as car sales soar.
Australia’s consumers prices rose slightly faster than forecast in the three months through September, reflecting a rebound in childcare and fuel prices, but still well-short of the central bank’s goal.
GTCR, the Chicago-based private equity group, is buying a majority stake in Consumer Cellular Inc., the wireless company that’s popular with customers over age 50.
Oil retreated back below $39 a barrel after an industry report pointed to a bigger-than-expected increase in U.S. crude stockpiles, offsetting supply disruptions from Tropical Storm Zeta.
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