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.
Dec 6, 2019
Bloomberg News
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U.K. house prices posted their biggest annual gain in seven months in November, according to mortgage lender Halifax.
Average house prices rose 2.1% from a year earlier, bringing the average house price to 234,625 pounds ($308,000), Halifax said in a statement on Friday. On a monthly basis, prices increased by 1%.
Britain’s property market has struggled for momentum since the 2016 vote to leave the European Union, and successive delays to the departure have hurt the economy and taken a further toll on the market. A looming general election next week may help lift some of the hesitation, and some recent surveys have showed prices are already beginning to recover.
“While a degree of uncertainty remains evident, it’s also clear that buyers and sellers are responding to factors such as improved mortgage affordability and the limited supply of available properties,” said Russell Galley, managing director at Halifax. “Over the medium term we expect the emerging trend of modest gains to continue into next year.”
--With assistance from Andrew Atkinson.
To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Lucy Meakin, Brian Swint
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