Beyond three sets of gates, down a mile-long drive, rise the fairy-tale turrets of Cornwall Castle. That would be Cornwall, Connecticut.
Sales of new U.S. homes fell in July, missing estimates, after an upward revision to the prior month brought those sales to the highest level since 2007, a sign that lower borrowing costs may be helping stabilize purchases.
China Evergrande Group didn’t manage to make good on its promise to deliver a first “pure battery” electric vehicle by June. But the property behemoth isn’t backing away from its claim it can become the world’s largest EV manufacturer in three to five years.
National Australia Bank Ltd. has been sued by the securities regulator for allegedly accepting home loan applications from unlicensed ‘introducers.’
India’s Shapoorji Pallonji Group is looking to sell its solar power plants and road assets to reduce debt by as much as 40 billion rupees ($558 million), a person with direct knowledge of the matter said.
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