Bloomberg Kazakhstan’s central bank is prepared to return to the currency market in force to mop up excess dollars after a month of doing “practically zero” as higher returns draw savers to tenge deposits, Governor Daniyar Akishev said. “If there are significant inflows of foreign currency, we are ready to buy as before,” Akishev said in an interview on ...

  Bloomberg Borrowing costs in Shanghai fell to the lowest level since May as funds returned to the banking system following increased demand for quarter-end regulatory needs. The decline comes even amid signs that the central bank is against maintaining excessive liquidity as it looks to limit volatility in money-market rates. Data released over the weekend showed factory-gate deflation eased ...

  Bloomberg Deutsche Bank AG is pushing ahead with plans to become one of the world’s top five wealth managers as the business outlook for European banks worsens because of the Brexit vote and Italy’s banking crisis. Market volatility after the UK’s vote to leave the European Union underscores the need for Germany’s largest bank to bolster its presence outside ...

  Reuters Sovereign investors, including wealth funds, made $14.1 billion worth of acquisitions in the second quarter, down 26 percent from the first three months of the year but underpinned by a rebound in real estate deals. Data compiled by Thomson Reuters shows sovereign investors, a category that can include everything from state pension funds to oil-backed investment vehicles, were ...

  Bloomberg China’s property prices and real estate investment are poised for slower growth even as home sales may rise to a record this year, according to a top government think tank. Real estate is due for a “short-term adjustment period” after heating up since 2015, the Chinese Academy of Social Sciences said in a report Wednesday. Price increases and ...

  Bloomberg As institutional investors scour the globe in search of safe havens from the post-Brexit turmoil, property consultancy Jones Lang LaSalle Inc. has a piece of advice: Go East. Topping the list of attractive investments is Japan, where some residential real estate projects deliver effective yields as high as 7 percent, taking into account the nation’s negative interest rates, ...

  Bloomberg Ventas Inc. agreed to acquire a group of medical and life-science properties from Blackstone Group LP for $1.5 billion, marking a foray into owning real estate affiliated with universities. The real estate investment trust plans to buy substantially all of the life-science and medical properties of Wexford Science & Technology LLC, according to a statement on Monday. Wexford ...

  Tribune News Service Millions of Americans lost their homes to foreclosures or short sales during the housing crisis. Fortunately for the economy, time heals most wounds — and credit reports. The number of people joining the rolls of those knocked from homeownership peaked seven years ago, so those blotches to their histories are starting to roll off the books ...

  AFP European aerospace giant Airbus scored the first big win at the Farnborough airshow, which opened on Monday facing global economic headwinds triggered by Brexit. Airbus, which traditionally fights US rival Boeing for blockbuster order announcements at Farnborough, southwest of London, revealed a US$4.4-billion (3.9-billion-euro) firm order from Virgin Atlantic for twelve wide-bodied Airbus A350-1000 jets. The carrier has ...

  Bloomberg Airbus Group SE is poised to win an order for as many as 100 jetliners from AirAsia Bhd, people familiar with the matter said. The deal may be announced as early as tomorrow, said the people, who asked not to be named because the discussions are private. The purchase would consist likely of A321neo narrow-body aircraft, which have ...