China Property Woes Deepen With Vanke Slump, Country Garden Halt
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
Latest Videos
The information you requested is not available at this time, please check back again soon.
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship.
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
Plunging demand for commodity offices in the US is driving growth for the highest-quality properties, a Morgan Stanley executive said.
Nov 8, 2016
BNN Bloomberg
,Royal LePage Chief Executive Officer Phil Soper thinks some Americans will make good on their vows to move to Canada if Donald Trump is elected President. In an interview on BNN, Soper said a recession triggered by Trump’s social and economic policies could convince disenfranchised Americans to head north.
“Deporting eleven million workers and starting a trade war with China would place this tentative recovery in reverse,” he said on Tuesday. “If there was social unrest, you could see a material change in the desirability to leave: we’re next door.”
Soper said Americans with aspirations of moving to Canada in the event Trump takes the Oval Office will likely take a cautious approach, testing out the social fit in a new country by buying a secondary property.
“Where we might see a material change is, call it the ‘toe in the water’: you buy a cottage in Ontario or Alberta or British Columbia and you test something out,” he said.
Ultimately, Soper said demand may increase somewhat, but he doesn’t expect Americans to flock to Canada in droves.
“I think it could be material, but I’m not expecting a lineup at the border.”