Saturday, 08 March 2025

Investing

A harsh lesson on charitable contributions

A California entrepreneur got a harsh lesson on the rules of charitable contributions this week when the U.S. Tax Court denied his $18.5 million deduction for real estate donations -not because he inflated their values, but because he didn't follow the rules.

Dubai Nakheel reports $98.6 Mln profit in first quarter

Dubai Nakheel, the state-controlled builder of artificial islands off Dubai’s coast, reported a first-quarter profit after a year-earlier loss as it delivered more completed properties to buyers and cut costs.

TEXT-S&P Summary: Evergrande Real Estate Group Ltd.

The rating on Evergrande Real Estate Group Ltd. reflects the company's aggressive growth appetite, debt-funded expansion, short operating and financial management track record as a large-scale developer, and weak corporate governance history. Evergrande's high-volume and large-project-size business model could expose the company to execution risk in small markets. The company's large, low-cost, and geographically diversified land bank, competitively priced products, and good execution because...

EDITOR'S PICKS

TEXT-S&P cuts Swedish Stena AB to 'BB'; outlook stable

The expected improvement predominantly reflects the last drilling ship that will begin operating in the second quarter, and the LNG vessels that will contribute through the full year. We anticipate some modest improvement in the group's ratio of adjusted FFO to debt in 2013.
By Staff Reporter
Real estate firm Africa Israel reports dip in profit

Israeli real estate developer Africa Israel Investments reported a drop in first-quarter net profit as a result of a drop in financing income and higher tax expenses.
By Staff Reporter
Survey: Now is best time to buy real estate

Now is the best time to buy real estate despite uncertainty in the US market, according to a new Housing Predictor survey.
By Staff Reporter
Brazil's thriving housing market might not last forever

Brazil's real estate market has been thriving over these last years, but economists believe the current growth may not be sustainable.
By Staff Reporter
Pending home sales unexpectedly dip in April

The number of Americans signing contracts to purchase previously owned homes fell in April to a four-month low, indicating the U.S. housing recovery remains uneven, according to a report released Wednesday.
By Staff Reporter
Four new ways to curb your market enthusiasm

It's already shaping up to be a summer of discontent for investors, so it's time to manage your expectations. To a global investor, there are conflicting signals everywhere: Although the U.S. economy continues to chug along like a tugboat, the "fiscal cliff" of massive tax increases and budget cuts still looms at the end of the year. Then there is the euro zone opera with the fat lady singing in Greece, Spain and elsewhere.
By Staff Reporter
China stimulus unnecessary, risks long-term damage

China does not need massive fiscal stimulus to stabilize growth and calm investors fretting that the global economy may slip back into a similar crisis as 2008-2009, top policy advisers said on Wednesday.
By Staff Reporter
Public Real Estate Execs received record salaries in 2011

Executives at public real estate companies received record high salaries in 2011, according to a report.
By Staff Reporter
In escape from Japan doomsday, capital takes flight

Hiroshi Kosaka has an unorthodox pitch for his realty business: instead of pictures of swanky condominiums his website features Japanese debt statistics and budget meltdown scenarios usually left to credit rating agencies.
By Staff Reporter
Bond prices firm on Spanish bank worries

Government debt prices rose on Tuesday as worries about contagion over the deterioration of Spain's banking system stoked demand for bonds and other low-risk investments.
By Staff Reporter