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Contractors for U.S. commercial construction are optimistic about the industry's health in the next 12 months though finding skilled labor still poses challenges, according to a third-quarter survey released on Monday. More »
Chinese conglomerate Dalian Wanda Group said on Monday a report claiming its billionaire chairman, Wang Jianlin, was prevented from leaving the country was "groundless" and that it planned to take legal action. More »
China's strong economic growth showed visible signs of fading in July as lending costs rose and the gravity-defying property market cooled, though activity levels generally remained solid, propped up by a year-long construction spree. More »
FILE PHOTO: The headquarters of Germany’s Deutsche Bank is seen early evening in Frankfurt, Germany, January 26, 2016. Deutsche Bank has exchanged a pre-let agreement for its new City of London headquarters, the building’s developer Land Securities said on Tue... More »
FILE PHOTO – LeEco’s new Le Pro3 phone is on display during a press event in San Francisco, California, U.S. October 19, 2016. RETUERS/Beck Diefenbach An extraordinary shareholder meeting for the listed unit of indebted Chinese tech group LeEco ended amid prot... More »
FILE PHOTO: Sunac China Holdings Ltd logo is seen during a exhibition in Hangzhou, Zhejiang province, China, May 25, 2015. Picture taken May 25, 2015. China Daily/via REUTERS/File Photo Dalian Wanda Group said it would sell Chinese tourism projects and hotels ... More »
Shares of Wanda Hotel Development Co Ltd jumped more than 150 percent on Monday after Dalian Wanda Group said it will sell 91 percent of 13 tourism projects, as well as 76 hotels in China to Sunac China for $9.3 billion. More »
FILE PHOTO: Two men chat beside a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province May 17, 2010. REUTERS/Steven Shi/File Photo Chinese tech giants Alibaba Group Holdings (BABA.N) and Tencent Holding... More »
FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain August 24, 2015. REUTERS/Suzanne Plunkett/File Photo Recovering technology stocks gave European shares another leg up on Wednesday, while deal chatter se... More »
Real estate investment manager LaSalle Investment Management appointed Brad Gries as head of U.S. acquisitions, effective Aug. 18. More »
High rise private residential buildings are seen in Hong Kong, China May 21, 2017. Picture taken May 21, 2017. REUTERS/Bobby Yip Hong Kong’s latest attempt at cooling home prices in one of the world’s most expensive property markets is expected to send buyers ... More »
A logo of Emaar is seen near the Dubai Mall March 16, 2014. REUTERS/Ahmed Jadallah Emaar Malls will buy a 51 percent stake in e-commerce fashion website Namshi from Global Fashion Group, a firm backed by Rocket Internet, for $151 million, a sign of growing dem... More »
Keith Meister, Managing Partner and Chief Investment Officer of Corvex Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid Bayliss More »
The LeSee Pro electric concept vehicle by LeEco is displayed during the 2017 CES in Las Vegas, Nevada January 5, 2017. REUTERS/Steve Marcus Chinese tech conglomerate LeEco is in talks to sell a prized property asset in the heart of Beijing it acquired in a $42... More »
Chief Executive of Indonesia’s MNC Group Hary Tanoesoedibjo looks on during his visit to the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia February 3, 2017. REUTERS/Beawiharta The Indonesian business partner of the Trump group has pledged to respect Hin... More »
A promotional footage on a property development of China Evergrande Group is shown at a news conference on the company’s interim results in Hong Kong, China August 30, 2016. REUTERS/Bobby Yip/File Photo China Evergrande Group (3333.HK), the country’s top home ... More »
FILE PHOTO: Cars drive past residential buildings along a street in Hefei, Anhui province, China, February 19, 2017. REUTERS/Yawen Chen Developers China Overseas Land & Investment Ltd (0688.HK) and Country Garden Holdings Company Ltd (2007.HK) on Wednesday rep... More »
FILE PHOTO: Construction is seen in the Hudson Yards area of the West Side of Manhattan in New York U.S., November 21, 2016. REUTERS/Shannon Stapleton The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reser... More »
FILE PHOTO: Then Republican presidential nominee Donald Trump speaks at a campaign event in Winston-Salem, North Carolina, U.S., July 25, 2016. REUTERS/Carlo Allegri/File Photo The Trump National Golf Club in Westchester County, New York, has a magnificent cou... More »
A woman protests outside a Snap Inc. office in Venice Beach as locals demonstrate on the street over the company moving into the beach community in Los Angeles, California, U.S. March 2, 2017 . REUTERS/ Lucy Nicholson As shares of California-based Snap Inc (SN... More »
People pack a glass bowl with marijuana during Hempfest’s 420Fest at the Luxe Nightclub in Seattle, Washington April 20, 2013. REUTERS/Nick Adams The administration of President Donald Trump may ramp up enforcement of federal laws against recreational marijuan... More »
FILE PHOTO – Containers are seen at Container Terminal 9 during sunset at Hong Kong’s Kwai Chung district September 7, 2012. REUTERS/Bobby Yip/File Photo Hong Kong handed out billions of dollars in tax cuts and poverty relief on Wednesday to reflate its econom... More »
FILE PHOTO: Wang Jianlin, chairman of the Wanda Group, speaks during an interview in Beijing, China, August 23, 2016. REUTERS/Thomas Peter/File Photo Chinese conglomerate Dalian Wanda’s proposed $1 billion purchase of Hollywood’s Dick Clark Productions Inc is ... More »
A new residential quarter of the Country Garden is seen in Shanghai, China, February 10, 2017. REUTERS/Aly Song Chinese real estate developers surveyed by Reuters mostly plan to increase their land investments in 2017 as they shrug off record prices and govern... More »
FILE PHOTO – The logo of Lotte Hotel is seen at a Lotte Hotel in Seoul, South Korea, June 7, 2016. REUTERS/Kim Hong-Ji/File Photo South Korea’s Lotte Group said Chinese authorities have halted construction at a multi-billion dollar real estate project after a ... More »
A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid/File Photo Goldman Sachs has rejected allegations by an Indonesian businessman who is seeking $1.1 billion in damages from the U.S. bank for m... More »
Medium-rise and low-rise residences and office buildings are seen from the first observatory deck of Tokyo Sky Tree in Tokyo October 30, 2011. REUTERS/Issei Kato/File Photo Commercial property prices in Tokyo, a bellwether for Japan’s market, look to have peak... More »
George Twopointoh, brand ambassador for Genworth, speaks with Ugo Dumont, a volunteer for the Genworth R70i Aging Experience, during a demonstration at the Liberty Science Center in Jersey City, New Jersey in this file photo dated April 5, 2016. REUTERS/Shanno... More »
Pedestrians inspect cracks near the sinking Millennium Tower in San Francisco, California, U.S. September 14, 2016. REUTERS/Beck Diefenbach San Francisco’s city attorney on Tuesday issued a subpoena to the developers of a luxury condominium high-rise that is t... More »
A general view shows a construction site in London, Britain July 7, 2016. REUTERS/Neil Hall There is significant money to be made in Europe by investing and lending where local banks cannot, two prominent private fund managers told attendees of a U.S. hedge fu... More »
A worker fogs the drains in the common areas of a public housing estate at an area where locally transmitted Zika cases were discovered in Singapore August 31, 2016. REUTERS/Edgar Su Singapore confirmed 26 more cases of locally transmitted Zika infections, the... More »
NEW YORK Donald Trump, who often says he only likes winners, tells one grand tale of loss: In 1990, he nearly went bankrupt and was forced to ask dozens of banks to whom he owed money to change the terms on their loans and forgive some of his debts. It was, th... More »
LOS ANGELES Open Road Films, a small movie producer founded by two theater chains just five years ago, upstaged Hollywood’s big studios on Sunday by winning the coveted best picture award and a likely sales boost for its Catholic Church scandal drama “Spotligh... More »
BARCELONA Most consumers feel they lack control over personal information on their phones, are suspicious of attempts to use it for marketing appeals and many think the problem is getting worse, a survey in major countries of the world has found. The findings ... More »
MONTREAL Canadian investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capita... More »
HONG KONG Hong Kong’s former leader, Donald Tsang, was charged on Monday with two counts of misconduct in public office, the latest in a string of scandals that have ensnared senior business and former political figures in the financial hub. Tsang, 70, retired... More »
BRUSSELS Hutchison Whampoa Ltd (0001.HK) on Friday sought EU approval for its 10.25-billion-pound ($15.82 billion) bid for Telefonica’s (TEF.MC) British mobile unit O2, the same day regulators unveiled a tougher approach towards mergers in the sector. The Euro... More »
BEIJING People whose apartments were damaged in explosions in the northeastern Chinese port city of Tianjin can sell their homes to a group of property developers or choose to have the government renovate them, the official Xinhua news agency said. Hundreds of... More »
