BEIJING China's economic growth looked set to accelerate for the first time in seven years this year, after hardly skipping a beat in the third quarter, but efforts to cut risks in property and debt are beginning to weigh on parts of the world's second-largest economy.
BEIJING Property sales in China dropped for the first time in more than two-and-half years in September and housing starts slowed sharply, reinforcing expectations that robust growth in the world's second-largest economy is starting to cool.
BEIJING China's property risks have been effectively resolved, with destocking efforts in third- and fourth-tier cities achieving results, a spokesman for China's statistics bureau said Thursday.
WASHINGTON U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter.
TOKYO Japanese steelmaker Kobe Steel Ltd , embroiled in a data falsification scandal that has roiled global supply chains, will hold a first round of bidding on Friday in the planned sale of a real estate unit, Bloomberg News reported on Wednesday.
BEIJING China will maintain the principle that houses are for people to live in, not for speculation, President Xi Jinping said on Wednesday at the opening of a key Communist Party congress.
TORONTO Canada has tapped Google parent Alphabet Inc to help plan a mixed-use development along Toronto's Lake Ontario waterfront using cutting-edge digital technologies and urban design.
CHICAGO The fate of one of the largest U.S. nursing home operators, HCR ManorCare, will reach a critical court deadline on Thursday in a battle over months of unpaid rent, a growing problem in an industry where eviction would put thousands of elderly out on the street.
BOSTON The top court in Massachusetts ruled against Yahoo on Monday by concluding that federal law does not bar it from providing the representatives of an deceased man's estate access to his email account.
LONDON (Thomson Reuters Foundation) - A multi-million pound London mansion, due to go on sale this month, could make British property history - by selling for the digital currency bitcoin.
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