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Immofinanz, CA Immo to merge after bids fail

  Bloomberg Immofinanz AG and CA Immobilien Anlagen AG plan to merge in a transaction that would create the biggest commercial property group in central and eastern Europe, following a hostile takeover battle that ended without a deal last year. Immofinanz agreed to buy a 26 percent stake in CA Immo from Russian billionaire Boris Mints’s O1 Group Ltd. in ...

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Confidence high as Canadians keep faith in housing

  Bloomberg Canadians are looking past signs of damage from low energy prices and predicting the housing surge will continue. According to weekly polling by Nanos Research, the share of respondents expecting higher real estate prices reached the most since December 2014 last week, or 38.7%. That pushed the Bloomberg Nanos Consumer Confidence Index to 54.7 last week, the highest ...

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Qantas plunges as it slashes domestic expansion plans

  Bloomberg Qantas Airways Ltd. fell the most in more than two years after Australia’s largest carrier cut its planned domestic capacity expansion as the prospect of a federal election and a drop in consumer confidence weigh on demand. The shares fell as much as 14 percent and were trading 11.6 percent lower at A$3.59 in Sydney, the biggest intraday ...

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