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London home presales slump to four-year low

  Bloomberg Sales of London homes under construction last year dropped to the lowest level since 2012, leaving developers with a record number of unsold properties. Purchases of homes currently being built fell 22 percent to 20,695 from a year earlier, according to a report by Molior London seen by Bloomberg. The number of unsold properties that are under construction ...

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Buffett back in money on IBM, reversing $2.6 billion loss

  Bloomberg International Business Machines Corp. has climbed above the price that Warren Buffett paid for shares in the computer company, reversing more than $2 billion in paper losses for his Berkshire Hathaway Inc. IBM rose 2.2 percent to $170.55 at 4 p.m. Friday in New York after giving 2017 profit guidance on Thursday that was higher than analysts’ estimates. ...

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UAE, Finland talk ways to promote cooperation

  Abu Dhabi / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Zayed Housing Programme, on Thursday met Kai Mykanen, Finland’s Minister of Foreign Trade and Development, and Riitta Swan, Finnish Ambassador to the UAE, to discuss ways of promoting cooperation between the two countries. The UAE Minister briefed the Finnish officials ...

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