SM Investments, the Philippines’ largest company by market cap, is splashing out on new shopping malls and condos amid rising employment, jump in consumer spending.
Blackstone Eyes Japan Property After Selling $4.5 Billion
Blackstone Inc. is exploring more acquisitions in Japanese real estate, after selling about $4.5 billion worth in the past year to capitalize on high international interest in property in the island …
Pakistan: BLA that attacked Chinese engineers issues 90-day ultimatum to vacate region, Beijing responds
Although neither Pakistan nor Chinese governments admitted that their citizens were killed in the attack, BLA spokesman claimed at least four Chinese nationals and eleven Pakistani military personnel …
China’s economic challenges gather steam as new loans plunge, property fears loom
Credit data for July released Friday showed a slump in demand from businesses and households to borrow money for the future.
China’s Economic Recovery Faces Risks From Property Crisis
China’s economic recovery is being weighed down by a worsening property slump, with the latest data likely to show little sign of a rebound in growth.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaOutsider Milei Upends Argentina’s Election With Primary WinGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024The Fed Is Playing a Waiting Game to Try to Avoid a RecessionUS Steel Starts Review as It Spurns $7.
Morning Bid: China property troubles plague Asia stocks
With the Bank of Japan keeping JGB yields around 0.62%, the widening spread lifted the dollar to a fresh 2023 peak of 145.22 yen on Monday. Anything above 145.00 risks Japanese intervention, but bulls have their eyes on the top from last October at 151.94.
METALS-Copper weighed down by China property woes, stronger dollar
LME aluminium CMAL3 shed 0.3% at $2,168.50 a metric ton, tin CMSN3 fell 1.9% to $25,950, zinc CMZN3 shed 0.7% to $2,381.50, lead CMPB3 was little moved at $2,111, while nickel CMNI3 rose 1.9% to $20,620.
‘Superman’ Tests Hong Kong’s Stressed Property Market
What’s the true value of an apartment or office space in Hong Kong? No one really knows. Property sales, especially in the pre-owned segment, have slowed to a trickle.
Despite wobbles, the Hong Kong property market remains robust
Rate hikes can’t go on forever, and the time to buy is when the market is down or subdued Say what you like about “Superman” Li Ka-shing, but what he does still commands everyone’s attention. His …
Breaking the Chains: Combating land monopoly in Kuwait
TamimiKuwait grapples with the challenge of land monopoly as vast tracts of land are held by a select few, casting a shadow over economic growth, social equality, and overall accessibility to land for …