Uncategorized

  Bloomberg Australia’s central bank highlighted threats in the property market and an acceleration of domestic household debt even as it lent credence to the global reflation story. “Data continued to suggest that there had been a build-up of risks associated with the housing market,” the Reserve Bank of Australia said in minutes released on Tuesday of this month’s meeting ...

  Bloomberg Chinese acquirers are seeing a large number of cross-border deals blocked at home and abroad as a sharp increase in volume makes regulators on both sides of transactions more cautious, Linklaters LLP said in a report. Of the $220 billion deals announced by Chinese acquirers, $40 billion to $75 billion — or as much as a third of ...

  Bloomberg Downer EDI Ltd., the Australian engineering and infrastructure management company, offered to buy Spotless Group Holdings Ltd. in a cash deal valuing the company at A$1.26 billion ($974 million) as it continues to diversify from resources following the mining-investment boom. Downer offered A$1.15 per share for the Melbourne-based cleaning and catering services firm, according to a statement on ...

  Bloomberg Britain’s largest property brokers are cutting jobs, closing branches and raising capital even as homes sell for record amounts. While some companies have blamed Brexit and tax hi-kes for a drop in transactions, high values have put off many other buyers. Demand for housing dropped to 6-month low in Feb, according to the Royal Institution of Chartered Surveyors. ...

  Bloomberg PPG Industries Inc. is preparing a renewed takeover bid for Akzo Nobel NV, according to people familiar with the matter, taking a second run at Europe’s largest coatings company after a previous offer was rejected. Exact details of the new proposal couldn’t immediately be learned. Akzo rebuffed PPG’s unsolicited 20.9 billion-euro ($22.4 billion) takeover bid on March 9, ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Monday inaugurated the Phase 2 of the Mohammed bin Rashid Al Maktoum Solar Part at Seih Al Dahal in Dubai. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive ...

  DUBAI / Emirates Business Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager of renowned destinations across the Emirate, announced its continued Strategic Partnership with the International Property Show (IPS) taking place from April, 2-4 at the Dubai World Trade Centre (DWTC), Dubai. This marks the third year that the real estate developer partnered with ...

  BEIRUT / AP Syrian government forces on Monday regained control of parts of Damascus that were attacked and captured by rebels and militants the previous day, with dozens killed on both sides during the fighting, the military and an activist group said. The surprise rebel incursion, in which fighters sneaked into the city through hidden tunnels and set off ...

  BEIJING/ AP China’s trading partners are bringing the top UN food standards official to Beijing in a last-ditch attempt to persuade regulators to scale back plans to require intensive inspections of food imports — including such low-risk items as wine and chocolate — that Washington and Europe say could disrupt billions of dollars in commerce. The rule could inflame ...

  Bloomberg The rupee’s surge and a banking system awash with funds will shift focus to a little-used tool in the Indian central bank’s arsenal before next month’s policy review. The Reserve Bank of India may consider raising the cash reserve ratio for the first time since 2010 if deposits accumulated due to November’s cash ban don’t flee over the ...