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The man tasked with turning around the troubled landlord at the center of Sweden’s property crisis has pledged not to sell off the company’s assets at a discount, anticipating that there will be “plenty of interested parties.”
China is taking targeted steps to help specific sectors of the economy, like property and manufacturing, suggesting broader stimulus measures like interest rate cuts could be off the table for now.
Hong Kong’s office towers, among the most expensive commercial real estate in the world, have never been this empty.
Economists and money markets are divided over which way Australia’s central bank will move Tuesday as lingering price pressures and recovering home prices suggest a hike may be needed while weaker activity and rising unemployment argue for a pause.
Hans Peter Doskozil emerged victorious from a tumultuous leadership race within Austria’s opposition Socialist Party, pledging to shield workers from the impact of inflation in a bid to bolster support ahead of parliamentary elections due next year.
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