US Law Firm Mayer Brown Poised to Split Off Its Hong Kong Office
Chicago-based law firm Mayer Brown LLP is preparing to split off its Hong Kong operation amid US and China geopolitical tensions, according to people familiar with the matter.
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Chicago-based law firm Mayer Brown LLP is preparing to split off its Hong Kong operation amid US and China geopolitical tensions, according to people familiar with the matter.
The Czech Republic is poised to cut interest rates by another half of a percentage point, but a nascent economic recovery and sticky inflation may slow monetary easing in the following months.
Hong Kong’s world-beating stock rally is showing no signs of letting up even with Chinese investors, a key buying force, out of action.
National Australia Bank Ltd. shares inched higher after plans to buy back A$1.5 billion ($1 billion) more of its own stock, as profit at the lender met expectations and Chief Executive Officer Andrew Irvine said the economic outlook remains resilient.
The resilience of corporate Australia to rising interest rates has taken traders and economists by surprise in recent months. Now, the boss of the country’s biggest lender to businesses says he’s been caught out too.
Apr 13, 2016
TSN.ca Staff
The latest numbers from a commercial real estate firm show Calgary's downtown office market continues to diverge from the national trend as it hits its highest vacancy rates in more than 30 years.
CBRE Canada estimates the city's downtown office vacancy rate ended the first quarter at 20.2 per cent, almost twice as high as the 11.8 per cent vacancy rate in the same period a year ago.
In its first-quarter update released today, CBRE says it's the first time since 1983 that more than one fifth of office space was on offer, and the city is on track to hit a new record above the 22 per cent rate reached in the early 1980s.
CBRE says with rental rates down 28 per cent in a year, prices have dropped to an average of $20.97 per square foot for top-tier class A office space from $29.23 in the same quarter a year ago.
The trend contrasts with other major Canadian markets, with Toronto's downtown office vacancies up only slightly in the quarter to 5.3 per cent, while Vancouver's dropped to 8.8 per cent and Montreal's was down to 10.8 per cent, according to CBRE.
Calgary's office market has been hit hard as oil and gas companies continue to cut jobs and consolidate office space due to low crude prices.