August, 2016

• 20 August

  Starwood may sell $14.8bn loan servicer

  

    Bloomberg Starwood Property Trust Inc. plans to sell its European real estate loan servicing business Hatfield Philips International and has chosen Situs Group LLC as the preferred bidder, two people with knowledge of the matter said. HPI, which manages about 11.3 billion pounds ($14.8 billion) of loans in 15 countries, will bolster the European business of Houston-based Situs, which ...

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• 20 August

  Vancouver housing fever shows signs of easing

  

    Bloomberg Canada’s hottest housing market may be cooling. Home sales in Vancouver fell a third straight month in July, the Canadian Real Estate Association said, with price gains also showing signs of slowing. The data should be a relief to buyers and policy makers who have been growing increasingly worried about affordability in the city, and suggest Vancouver’s market ...

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• 20 August

  Balfour’s half-year losses shrink

  

    Bloomberg UK construction company Balfour Beatty Plc narrowed its first-half loss and restored its dividend as Chief Executive Officer Leo Quinn’s overhaul of the company advanced, lifting its share price. The company posted a pretax loss of $27 million, after a loss of 150 million pounds a year earlier. “We’ve clearly stabilized the business and are beginning to see ...

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• 20 August

  Ontario Teachers’ Pension Plan to sell stakes in Vancouver buildings

    Bloomberg The Ontario Teachers’ Pension Plan is seeking buyers for a minority stake in its C$4 billion ($3.1 billion) real-estate portfolio in Vancouver, including office towers and shopping malls, according to people familiar with the matter. Cadillac Fairview, the real-estate unit of Canada’s third-biggest pension fund, is looking to raise about C$2 billion from the sale, according to the ...

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• 20 August

  Etihad Airways joins Indian designer at Lakmé Fashion Week

  

    ABU DHABI / Emirates Business Etihad Airways has teamed up with renowned Indian fashion designer Manish Malhotra to showcase the artiste’s latest collection at the forthcoming Lakmé Fashion Week in Mumbai. The award-winning airline will join the highly acclaimed designer at India’s leading fashion event for the unveiling of his winter collection, taking place in the country’s commercial capital ...

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• 20 August

  Models to watch in the fall

  

    RELAXNEWS When September comes round again, attention will turn to the four fashion capitals of the world — New York, London, Milan and Paris — to see what’s new at the spring-summer 2017 fashion shows. As always, some models will stand out during Fashion Month, and they will be the ones who the big brands sign up for their ...

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• 20 August

  H&M reveals new look from Kenzo collection

  

    Relaxnews Swedish high-street chain H&M has unveiled a new look from its collaborative collection with French fashion house Kenzo, modelled by Norwegian musician Anna of the North. The item, a short dress printed with a folk-inspired reinterpretation of an original design by the house’s founder Kenzo Takada, is the fourth look to be revealed from the range and will ...

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• 20 August

  Reviving ancient allure of waist beads in Togo

  

    Lome / AFP Wearing a brightly-coloured wrap-around dress, Sonia ambles through the crowds at a market in a popular neighbourhood of Lome, a string of tiny red beads dangling from her hips. “I’m very comfortable wearing waist beads. But it is also a way of attracting men,” says the 24-year-old hairdresser, a coy smile playing on her lips. In ...

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• 20 August

  Exploring the Mediterranean

  

    Cannes / DPA Seaside towns often have a long history, starting out as fishing villages and developing into maritime trade centres. Different occupying powers and inhabitants have left their traces and thanks to the towns’ location on the sea and their commercial role they’re usually cosmopolitan and culturally diverse places offering travellers a great mixture of history, night life and ...

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• 20 August

  Anki revs up the race

  

    Emirates Business Battle-racing shifts into high gear as Anki — a robotics and artificial intelligence company —announces launch of their hit robotic battle-racing game, Anki OVERDRIVE, in the United Arab Emirates this summer. Anki OVERDRIVE is available at select Harvey Nichols and Virgin Megastore outlets across Dubai and Abu Dhabi. Following the massive success of Anki DRIVE, one of ...

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