TimeLine Layout

July, 2016

  • 11 July

    Japan real estate offers haven from post-Brexit turmoil, says JLL

      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, ...

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  • 11 July

    Ventas to buy realty from Blackstone for $1.5bn

      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 ...

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  • 11 July

    USA’s post-foreclosure consumers ready to rejoin economy

      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 ...

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  • 11 July

    Airbus takes over Farnborough

      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 ...

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  • 11 July

    Airbus poised to win 100 jetliner deal

      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 ...

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  • 11 July

    Boeing sees airline thirst for new mid-range Jetliner

      Bloomberg Boeing Co is seeing strong airline interest in a new mid-range aircraft on its drawing board, bolstering the case for its biggest potential product development of the next 10 years. No current-generation aircraft are specifically designed for long flights within a region, like the seven-hour trek from Tokyo to Singapore, said Ray Conner, chief executive officer of Boeing’s ...

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  • 11 July

    Mitsubishi to win 20 plane order from Sweden’s Rockton

        Bloomberg Mitsubishi Aircraft Corp, the maker of Japan’s first passenger jet, has won an order for as many as 20 planes from Swedish leasing company Rockton, according to a person familiar with the deal. The order is the second for the Mitsubishi Regional Jet this year, following a deal from US lessor Aerolease Aviation LLC for as many ...

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  • 11 July

    Solar plane leaves Spain for penultimate leg of world tour

      AFP The Solar Impulse 2 left southern Spain on Monday on its way to Egypt for the penultimate leg of the solar-powered airplane’s landmark round-the-world journey. The experimental aircraft took off from Seville at 6:20 am (0420 GMT) for a flight that should last about 50 hours and will take it over the Mediterranean Sea. Swiss national Andre Borschberg ...

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  • 11 July

    Global economy all about money

      The Diplomat “It’s not about the money, money, money,” sang pop singer Jessie J in her 2011 hit, “Price Tag.” But for the growing working poor of the developed world, it has been all “about the money,” particularly since 2008, with a cash-less recovery of sluggish wages growth and rising inequality sparking political shocks such as “Brexit” and crimping ...

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  • 11 July

    The true Angkor Wat lies beneath what you see now

      Angkor Wat / DPA Be prepared to sweat. Exploring the world’s largest religious complex in the Cambodian jungle is not for those who can’t take the heat. The sheer size of the gigantic edifices of Angkor Wat and the distances between them means long treks, in 40-degree heat and humidity as if in a sauna. But then, what you ...

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