United States

Housing Market

Harvard to outsource real estate investment to Bain Capital


Harvard University's endowment will shift its real estate investment staff on Feb. 1 to private equity firm Bain Capital, which will establish a new property business.

China November property investment growth slows, sales pick up

BEIJING Growth in China's property investment cooled in November as an official crackdown on riskier lending and stiffer regulation of the real estate market took effect.

5:12am EST

Steady Chinese economic growth provides room for more pollution controls

BEIJING China's steady economic growth provides a good opportunity for stepping up pollution controls, statistics bureau spokesman Mao Shengyong told reporters following a regular press conference on Thursday.

5:12am EST

China's HNA repurchases some bonds in fresh move to reassure investors

HONG KONG Chinese conglomerate HNA Group [HNAIRC.UL] said on Friday it had repurchased some of its bonds and planned to buy back more - its latest move to counter concerns that it is facing a liquidity crunch.

4:16am EST

Breakingviews - Exchange Podcast: NY Deputy Mayor Alicia Glen

NEW YORK (Reuters Breakingviews) - How bad will the Republican tax plan be for New York City? Alicia Glen, who looks after economic development for America's largest city, says it will hit 700,000 taxpayers and depress property values. But it won't make the Big Apple any less appetizing for the best and brightest.

Dec 14 2017

Canada home sales rise; household debt hits record

OTTAWA Resales of Canadian homes rose in November for the fourth straight month, the Canadian Real Estate Association said on Thursday, but it lowered its forecast for 2018 sales and prices because it expects stricter mortgage rules to dampen demand.

Dec 14 2017

Canada new home prices edge up, Toronto shows signs of strength

OTTAWA Canadian new home prices edged up by 0.1 percent in October on strength in the capital, Ottawa, while prices in Toronto rose for the first time in five months, Statistics Canada said on Thursday.

Dec 14 2017

China's Wanda says 2017 revenue tops $30 billion, shrugs off cashflow issue claims

SHANGHAI Chinese property-to-cinema conglomerate Dalian Wanda Group said on Thursday that its 2017 revenues had surpassed 200 billion yuan ($30.25 billion), responding to a local online media report that questioned the group's financial health.

Dec 14 2017

Japan's ruling bloc approves big corporate tax cut to encourage wage hikes

TOKYO Japan's ruling bloc approved a plan on Thursday to slash the corporate tax rate to around 20 percent from 30 percent - but only for companies that raise wages aggressively and boost domestic capital spending.

Dec 14 2017

South Korea households, companies strong enough to handle a rise in borrowing costs: central bank

SEOUL The finances of most South Korean households and companies are strong enough to cope even if borrowing costs were to rise by 100 basis points, the central bank said on Thursday.

Dec 13 2017