Chinese Firms Are Investing Abroad at Fastest Pace in Eight Years
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
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China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
Real estate brokerage stocks tumbled Thursday on waning expectations for Federal Reserve interest-rate cuts, and as a disappointing earnings release raised concern about the sector’s outlook.
Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
A South Florida office skyscraper from Related Cos. landed new finance tenants, including a John Paulson business and a private equity firm that counts Mark Bezos as a founding partner.
Oct 27, 2020
Bloomberg News
,(Bloomberg) -- Swire Pacific Ltd. and Swire Properties Ltd. suspended trading of their shares in Hong Kong, pending an announcement.
Swire Properties is the property arm of Swire Pacific with operations in Hong Kong, mainland China and the U.S. The property developer has recently been disposing of non-core assets. It unveiled plans to offload some of its parking space in Taikoo Shing earlier this month. It’s also reportedly in talks to sell its office block in Cityplaza for HK$10 billion ($1.3 billion).
Swire Pacific’s shares dropped by 50% in 2020, while Swire Properties shares dropped by 21%.
Separately, Swire’s flagship carrier Cathay Pacific Airways Ltd. is undergoing a restructuring, recently announcing that it will slash more than 5,000 jobs and shut down a regional carrier in one of the most drastic dismissals in the aviation industry.
©2020 Bloomberg L.P.