Sunday, 20 April 2025

News

Brazil's PDG Realty to Sell $77 Mln in Debt

PDG Realty, Brazil's biggest homebuilder, said on Friday it will sell 140 million reais ($77 million) in debentures non-convertible for shares to financeinvestment and boost the company's cash position.

Former Goldman Sachs Executive Lands Lucrative Book Deal-report

Greg Smith, the former Goldman Sachs executive who condemned the powerful investment bank in a scathing New York Times opinion column, has landed a deal to write a book about his 12 years at the firm, according to media reports on Friday.

Bad Assets Overshadow Banks' Huge Profits

When asked by reporters on March 15 about how he perceived the huge profits of China's banking industry last year while the private sector was foundering on a shortage of bank loans, Zhou Xiaochuan, governor of People's Bank of China, said he thought banks' staggering profits were a natural result of readjustment of economic cycles.

EDITOR'S PICKS

Low-income Housing Surge Will Ease Market Slump

The outlook for China's real estate market remains sluggish this year, after Premier Wen Jiabaopresented the government's resolution on the issue at the National People's Congress in March. Current restrictions on house-buying will not be eased in the short term, the resolution said.
By Staff Reporter
Midwest Towns Cannot Give Land Away to Modern Homesteaders

In Marquette, Kansas an ice cream cone is $1.09, haircuts start at $10 and land is free.The land draws a lot less interest than ice cream or haircuts.In a modern day version of President Abraham Lincoln's 1862 Homestead Act that gave free land to settle the vast American interior, Marquette is among a dozen struggling central Kansas towns offering free lots to anyone who agrees to build a house.
By Staff Reporter
World's Wealthy Create Safe Haven Property Markets Most Notably in London and Miami

Wealthy people are shunning emerging property markets as they value security, good education for their children over volatility, political insecurity and risk, new research shows.
By Staff Reporter
China Property Market Digest, March 19-30

Here is a look at the latest news, numbers and more from China's real estate market. Here is a look at the latest news, numbers and more from China's real estate market.
By Staff Reporter
April Fool’s Day: 8 Interesting Things And Hoaxes You Didn't Know [VIDEO]

If you have a reputation of a prank master among your friends and you think that you haven't pulled the best one yet, roll your sleeve up for Sunday is the April Fool's Day.
By Staff Reporter
Fitch Assigns Selene Finance Residential Mortgage Servicer Rating

Fitch Assigns Selene Finance Residential Mortgage Servicer Rating Fitch Assigns Selene Finance Residential Mortgage Servicer Rating from reuters Fitch Ratings takes the following rating actions on Selene Finance LP's (Selene) U.
By Staff Reporter
WWF's Earth Hour 2012: India Turns Off the Lights; Earth Hour Photos over the Years

As people across the world observe Earth Hour 2012 at 8:30 pm on Saturday by switching off lights for an hour, various organizations in India too will show their support for action on climate change tonight.
By Staff Reporter
Earth Hour 2012: Nations Unite to Save the World [PHOTOS and VIDEO]

In a collective display of commitment to a better future for the planet, nations across the world are participating in the world’s single largest campaign for the planet - Earth Hour - by turning off all lights for an hour.
By Staff Reporter
Azamara Quest Cruise Ship Heading For Malaysian Port, After Engines Catch Fire; 5 Injured

A fire that broke out in the engines of Azamara Quest cruise has left it drifting in the waters 200 miles off the coast of Balikpapan (Borneo), Indonesia. The fire which broke out at 8:19 p.m. ship time on March 30 has disabled its engines.
By Staff Reporter
Goldman, Landesbank Argue CDOs in US Appeals Court

A U.S. appeals court was asked on Friday to decide whether Goldman Sachs Group Inc (GS.N) and TCW Asset Management Co should have foreseen the housing market implosion that caused a $37 million loss for German state-owned Landesbank Baden-Wurttemberg.
By Staff Reporter