Home

China’s Manhattan Rip-Off is Another Ghost City (VIDEO)

Four years ago, China - the world's second largest economy - started building a replica of the New York City. Located south of the capital city Beijing, construction on what was planned as a bustling financial district took off. But today, as the economy is in serious crisis, the peninsula that has an uncanny resemblance to Manhattan is in a lull. The mini-city is deserted with no sign of a bustle. Though the skyline of the Yujiapu development in Tianjin City boasts of tall, swanky skyscrapers - they all lie, sadly, empty.

Bank of New York Mellon Signs Downtown Manhattan Lease for New headquarters

Bank of New York Mellon, the world's largest custody bank, has reportedly signed a lease to rent out 35,000-square-feet of space at the Brookfield Place in lower Manhattan, New York City.

Average U.S. Mortgage Rates Decline after Rising for two Consecutive Weeks

The average mortgage interest rates in the U.S. fell after rising for two consecutive weeks with fixed rates declining lower than the figures recorded at the same time last year, according to Freddie Mac - the government-backed lending giant's weekly survey.
EDITOR'S PICKS