Sunday, 19 January 2025

Investing

Forbes World's Top 10 Biggest Companies: JPMorgan Chase #2 [SLIDESHOW]

Exxon Mobil tops the Forbes' list of Global 2000 companies. It seems the heavyweights of the business world are not affected by the slow global growth or the eurozone crisis.

Coty Expands in Empire State Building

Beauty company Coty Inc has signed a new lease for 317,716 square feet (29,517 square meters) in New York City's Empire State Building, adding two floors to the four it already occupied in the iconic skyscraper.

NYC Will Open 54 New Schools This Fall & A Software Engineering School, Says Bloomberg

Mayor Michael R. Bloomberg and Schools Chancellor Dennis Walcott announced the city's plan to open 54 new schools this fall, including a high school academy for software engineering. Come September, the Bloomberg administration will have closed 140 schools and opened 589 new ones since 2002, through a longstanding policy that has set out to replace poorly performing schools. The new schools will eventually serve more than 21,000 students.

EDITOR'S PICKS

Singapore Tightens Rules For Developers

Singapore said on Wednesday it will tighten rules to ensure developers reflect the size and layout of apartments more accurately as part of new measures to protect buyers who are less familiar with the property market.
By Staff Reporter
Warren Buffett: What About The Succession Plan?

Warren Buffett, the chairman of Berkshire-Hathaway, has revealed that he has been diagnosed with prostate cancer.
By Staff Reporter
France & Spain Are Top With British Second Home Owners

France and Spain are still the top locations for British property buyers seeking a second home abroad despite the eurozone economic turmoil.
By Staff Reporter
Exclusive: Bank of America Puts Non-U.S. Wealth Arm Up For Sale

Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business.
By Staff Reporter
China's Noah to Launch Up to $2.9 Bln Real Estate Fund

China's Noah Holdings Ltd , a distributor of wealth management products to high-networth individuals, plans to launch a real estate fund worth as much as 18 billion yuan ($2.85 billion) as cash-strapped developers seek alternatives to bank lending, the Shanghai Securities News reported on Tuesday.
By Staff Reporter
Lend Lease, CPPIB Likely Suitors For Australia Assets-Source

Australian fund manager QIC, Lend Lease and the Canada Pension Plan Investment Board (CPPIB) are expected to be the main suitors for stakes worth A$665 million ($689.57 million) in Centro Retail Australia's shopping malls, a source close to the transaction said.
By Staff Reporter
Dexus Sells U.S. Assets to Blackstone For $770 Mln

Australia's Dexus Property Group is selling 65 of its U.S. industrial properties to affiliates of Blackstone Real Estate Partners VII for $770 million and plans a share buyback with the proceeds from the sale, Dexus said on Monday.
By Staff Reporter
China ：Luxury Hotel “Groundscraper” to Built in Abandoned Quarry

China ：Luxury Hotel “Groundscraper” to Built in Abandoned Quarry For more than a decade, China has been a front-runner in the world's skyscraper race.
By Staff Reporter
Chinese Economy Slows to Near 3-Year Low, Property Sector Deflating [PHOTOS]

China's economy grew at its slowest in nearly three years in the first three months of 2012, with a weaker than expected reading raising investor concerns that a five-quarter long slide has not bottomed and that more policy action would be needed to halt it.
By Staff Reporter
One57 Gets Glassy: Photos Of Midtown's Newest Supertall Skyscraper [PHOTOS]

Extell's 1,004-foot tower in Midtown is finally getting its glass. Midtown Manhattan's much-awaited 1,004-foot One57 residential tower hasn't topped out yet, but the first dozen or so floors have already gotten their glass façade (although some of the blue panels appear to still have their protective pastic coating).
By Staff Reporter