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China’s global food quest

After spending hundreds of billions of dollars over the past two decades acquiring oil, natural gas, coal and other mineral resources around the global, food-related sectors are becoming the new favorite of China’s overseas investment. It is estimated that over the past five years, China’s overseas food-related M&A topped $20 billion. This includes Shuanghui International’s $4.7 billion takeover of American ...

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Shanghai tightens non-local homebuyer rules as prices surge

Bloomberg Shanghai unveiled a package of measures designed to stem a surge in property prices in the metropolis, underscoring how regulators in top-tier cities are shifting gears in an economy where housing has been a brake on growth in recent years. The local government will tighten approval criteria for non-resident homebuyers, raise down-payment requirements for some second homes and ban ...

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David Beckham buys land for stadium

MIAMI/AFP Former England football great David Beckham has taken a key step towards his goal of launching a Major League Soccer franchise by buying land for a stadium in Miami, one of his partners said. Beckham’s group of investors acquired land in the Overtown neighborhood northwest of downtown in the Florida city. “Big News: We’ve closed on our #Miami stadium ...

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