Taylor Wimpey, the homebuilding company, says that it is too early to judge the market for the year as a whole, but the early weeks of trading in 2012 have followed the encouraging patterns of the second half of 2011, with good visitor levels, healthy reservations and low cancellations.
* Potential deal to dilute fund Mubadala's stake - sources
* Merger likely through share-swap deal - bankers* No mandates handed out yet for the deal* Mubadala currently holds 49 pct in Aldar
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Gold price slid on Monday, under pressure from a softer euro and from dwindling expectations for the Federal Reserve to signal the need for more measures to keep rates low, although longer-term investors took their bullion holdings to a fresh record.
Stock index futures pointed to a lower open for equities on Wall Street on Monday, with futures for theS&P 500, the Dow Jones and the Nasdaq 100 falling 0.2 to 0.3 percent.
Abu Dhabi's Aldar Properties, rescued twice by the government with bailouts totaling $10 billion amid a property slump, may merge with local rival Sorouh Real Estate in a state-backed tie-up, the two firms said on Sunday.
The Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.
Cash rich Latin Americans, spearheaded by Venezuelans and Brazilians, have led a charge into Miami real estate, helping to spur a recovery in the state’s housing market.
Warren Buffett's real estate forecast for 2012 and beyond is extremely rosy. In some cases, he even recommended buying them over his favored equity investments in "a diversified group of leading companies."
Last week the Stockton, California, city council approved a plan to default on about $2 million of debt payments in an effort to avoid becoming the largest U.S. city to file for bankruptcy.
Global billionaires have weathered the latest economic uncertainty better than many with ultra high net worth individuals increasingly storing their wealth in bricks and mortar.