
Property Firm China Oceanwide Gets Liquidation Order in Bermuda
A Chinese property investor that has struggled with several US projects faces court-ordered liquidation as a Bermuda court issued a winding-up order against the firm.
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A Chinese property investor that has struggled with several US projects faces court-ordered liquidation as a Bermuda court issued a winding-up order against the firm.
China Evergrande Group is running out of time to get what would be one of the nation’s biggest-ever restructurings back on track, after setbacks in recent days that raise the risk of liquidation.
The impact of a deeper economic deterioration in China will be mainly felt in Australia through weaker trade and reduced risk appetite in financial markets, Australian regulators said in a quarterly statement.
Struggling Swedish landlord SBB took a major step toward stabilizing its finances after agreeing to sell a further stake in a portfolio of school buildings to Canada’s Brookfield Asset Management Ltd.
Policymakers on each side of the Atlantic are likely to take comfort this week from a slowdown taking hold in key underlying measures of consumer-price growth.
Sep 2, 2022
BNN Bloomberg
,The chill in Vancouver’s housing market continued last month as buyers and sellers “take more time” to make sense of rapidly-changing market conditions, according to the local real estate board.
A total of 1,870 property sales were registered across the Greater Vancouver region in August, the real estate board said Friday. That marked a 40.7 per drop compared to a year earlier and a 0.9 per cent decrease from July.
Compared to the 10-year average for August, the sales volume was down 29.2 per cent.
The real estate board said its composite benchmark price for all homes was $1,180,500 in August, which was down 2.2 per cent from July.
“With inflationary pressure and interest rates on the rise, homebuyer and seller activity shifted below our long-term seasonal averages this summer,” said Andrew Lis, director of economists and data analytics at the Real Estate Board of Greater Vancouver, in a release.
“Homebuyers and sellers are taking more time to assess what this changing landscape means for their housing needs.”