UAE’s $35 Billion Egypt Deal Marks Gulf Powers’ Buying Spree
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
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Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
China’s industrial companies’ profits fell in March as exports flagged and deflationary pressures persisted, suggesting the economy’s stronger-than-expected growth early this year might be tough to maintain.
New York Community Bancorp Inc. has had one of the most tumultuous quarters in recent banking history. Its first-quarter earnings will probably reveal more about impacts from the drama — and management’s plan to move forward.
Donald Trump’s longtime personal assistant, who worked for his real estate empire for decades, told a jury that she has a “vague recollection” of seeing Stormy Daniels at Trump Tower sometime before 2015.
The delinquency rate for US small businesses climbed to a three-year high this month, reflecting the impact of rent spikes and declining revenue, according to a monthly survey.
May 24, 2019
Bloomberg News
,(Bloomberg) -- Manhattan home prices fell in April by the most in almost a decade. And buyers have pounced.
They signed 1,193 purchase contracts -- more than any month since April 2015, according to a report this week by StreetEasy. The listings website’s price index fell 5.2% from a year earlier to $1.11 million. That was the biggest decline since April 2010, when the index -- which measures changes in resale prices for the same properties over time -- dropped 6.1%.
It’s a sign that Manhattan’s sales market may be emerging from a yearlong slide. Buyers who had sat on the sidelines for fear of overpaying are committing to purchases as evidence mounts that prices are coming down and sellers are no longer demanding out-sized profits.
“Sellers are finally getting that many of their price expectations were not realistic,” said Grant Long, senior economist at StreetEasy. “They’re lowering their prices to a point that’s attractive to buyers.”
To contact the reporter on this story: Oshrat Carmiel in New York at ocarmiel1@bloomberg.net
To contact the editors responsible for this story: Debarati Roy at droy5@bloomberg.net, Christine Maurus
©2019 Bloomberg L.P.