European Real Estate Deals Slump to Lowest Level in 13 Years
The deep freeze that’s gripped Europe’s real estate markets since borrowing costs jumped worsened at the start of the year as deals plunged to their lowest levels since 2011.
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The deep freeze that’s gripped Europe’s real estate markets since borrowing costs jumped worsened at the start of the year as deals plunged to their lowest levels since 2011.
Investors are looking for the next policy domino to fall in Asia amid an escalating campaign against a resurgent dollar, after Indonesia used a surprise interest rate hike to defend the rupiah.
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker.
Macrotech Developers Ltd., a real estate firm that operates under the brand name Lodha, expects pre-sales to grow about 20% in the year to March after reporting its highest ever quarterly revenue.
Distressed Indonesian property developer PT Agung Podomoro Land has hired financial advisory firm Kroll Inc. to advise on an exchange of $132 million of bonds due in June, according to people familiar with the plan.
Jan 18, 2019
Bloomberg News
,(Bloomberg) -- Henry Sy, the richest person in the Philippines, died in his sleep this morning. He was 94.
His daughter Teresita Sy-Coson confirmed his death. Sy became a billionaire by parlaying a shoe store into the biggest retailer in the Philippines.
--With assistance from Clarissa Batino and Cecilia Yap.
To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net
To contact the editor responsible for this story: Shamim Adam at sadam2@bloomberg.net
©2019 Bloomberg L.P.