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Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
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.
Mar 30, 2020
, Bloomberg News
(Bloomberg) -- A former business partner of Donald Trump’s hotel company can pursue its allegations that the president’s firm evaded income taxes on a project in Panama and under-reported employee salaries there, a federal judge ruled, while dismissing some of Trump’s counterclaims.
U.S. District Judge Edgardo Ramos on Monday allowed the business partner, Orestes Fintiklis, and his fund, Ithaca Capital Investments, to amend their 2018 lawsuit againstTrump International Hotels Management to add claims of fraud and breach of contract. Ithaca assumed control of the property after Trump withdrew from it in March 2018, and a bitter feud over the development ensued.
Read More: Trump’s Panama Hotel Venture Alleged to Have Evaded Taxes
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