Fancy Apartment Rentals for Paris Olympics See Poor Demand and Price Cuts
Locals who’d hoped to turn a big profit by renting out their posh apartments are now slashing prices by 30%-60%.
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Locals who’d hoped to turn a big profit by renting out their posh apartments are now slashing prices by 30%-60%.
The kingdom must overcome a conservative image and concern about human rights. Visit the desert oasis town of AlUla to understand the challenge.
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Fifth Third Bancorp jumped the most in four months, leading bank stocks higher, with Chief Executive Officer Tim Spence predicting that income from lending has bottomed out.
Dec 13, 2018
Bloomberg News
,(Bloomberg) -- India’s largest listed property developer expects many of its smaller peers to go belly-up as creditors cut financing after a shock default.
“Weaker balance sheets are going to fall off, while large listed developers will get though current liquidity crisis,” Saurabh Chawla, outgoing chief financial officer of DLF Ltd., said in a phone interview.
Smaller developers have already been struggling amid a slump in apartment sales and prices over the past two years. Now, they are also finding it tougher to access the bond markets as investors become more cautious about default risks after the shock failure by Infrastructure & Leasing Financial Services Ltd. Larger real estate companies are paring assets to get through the crisis.
Chawla, who worked with the developer for 12 years, is resigning as CFO of the company, a Dec. 13 exchange filing showed.
By the Numbers
Bigger is Better For Tiding Over
To contact the reporters on this story: Dhwani Pandya in Mumbai at dpandya11@bloomberg.net;Aashika Suresh in Mumbai at asuresh20@bloomberg.net
To contact the editors responsible for this story: Candice Zachariahs at czachariahs2@bloomberg.net, Anto Antony, Finbarr Flynn
©2018 Bloomberg L.P.