Blackstone Taps Vast Source of Cash in $1 Trillion Credit Push
Like Apollo and KKR, the buyout giant is forging close ties with insurance firms as it hunts for new business and ready money. Regulators are starting to worry.
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Like Apollo and KKR, the buyout giant is forging close ties with insurance firms as it hunts for new business and ready money. Regulators are starting to worry.
Hong Kong’s economy grew faster than expected in the first quarter, a tentative sign that the city’s post-pandemic recovery is stabilizing.
Hong Kong’s world-beating stock rally is showing no signs of letting up, with the city’s currency peg to the greenback burnishing its haven appeal amid the threat of higher-for-longer US interest rates.
Bankruptcies in Sweden extended their streak of annual increases to 21 months in April, according to data from Creditsafe, which expects no immediate relief even as inflation slows and rate cuts are approaching.
Chicago-based law firm Mayer Brown LLP is preparing to split off its Hong Kong operation amid US and China geopolitical tensions, according to people familiar with the matter.
May 7, 2019
The Canadian Press
TORONTO — RioCan Real Estate Investment Trust (REI_u.TO) reported its first-quarter profit rose compared with a year ago, boosted by gains in the value of its investment properties.
The trust says it earned $194.5 million or 64 cents per diluted unit in its latest quarter, up from $137.2 million or 43 cents per diluted unit in the same quarter last year.
Revenue in the quarter ended March 31 totalled $324.1 million, up from $290.1 million.
Meanwhile, funds from operations, a key metric for the real estate trust, amounted to $142.2 million or 47 cents per diluted unit, down from $149.2 million or 46 cents per diluted unit a year ago.
RioCan has been working to focus its portfolio on Canada's six major markets since October 2017.
The trust says that since then it has completed or entered into firm, conditional or letter of intent agreements to sell $1.5 billion or 75 secondary market assets.