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London house-price index plunges to seven-year low

  Bloomberg A measure of London house prices fell to its lowest level since the height of the financial crisis as Brexit sent shock waves across the UK. The index dropped to minus 46 in June from minus 35 the previous month, the Royal Institution of Chartered Surveyors (RICS) said on Thursday, citing a survey of real-estate agents. That’s the ...

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China’s Wanda seeks expansion, eyes stake in Paramount Pictures

  AFP Chinese conglomerate Wanda is in talks to buy a stake in US film studio Paramount Pictures, according to a report, marking the Asian company’s latest move to expand its entertainment empire. Wanda, which in January bought production giant Legendary Entertainment for $3.5 billion, is seeking 49 percent of Paramount from parent company Viacom, the Wall Street Journal quoted ...

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Great Eagle halts $330mn London plan

  Bloomberg Great Eagle Holdings Ltd. Chairman Lo Ka Shui said he has suspended plans for a £250 million ($330 million) real estate project in London because of the uncertainty following Britain’s decision to withdraw from the European Union. In an interview in Hong Kong, Lo said that Brexit is likely to send property values lower, noting that seven listed ...

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