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Bloomberg Mercedes-Benz will start selling a fuel-cell electric version of its GLC sport utility vehicle next year, an effort to broaden the appeal of the technology with the first publicly available battery that can be charged both with hydrogen and at a wall socket. Able to drive about 500 kilometers (310 miles) before recharging, the car is part of ...
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June, 2016
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11 June
Bank of Canada chief warns over Toronto,Vancouver housing risks
Bloomberg Bank of Canada Governor Stephen Poloz gave one of his bluntest warnings to date about the country’s housing boom, saying Vancouver and Toronto buyers should realize strong price gains probably can’t be sustained by economic fundamentals. “This suggests that prospective homebuyers and their lenders should not extrapolate recent real estate performance into the future when contemplating a transaction,†...
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11 June
Kenyan realtor seeks funds post 95% stock slump
Bloomberg Home Afrika Ltd., a Kenyan real estate developer whose stock has dropped 95 percent since 2013, plans to raise 5.5 billion shillings ($54 million) from investors to enable it to complete stalled projects. The only publicly traded property developer in East Africa’s largest economy will ask shareholders at its June 30 annual meeting to approve the sale of ...
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11 June
US, Chinese investors buy 80 percent of French team Nice
AP A group of Chinese and American investors, who specialize in real estate, hotel and tourism, have bought 80 percent of French soccer club Nice for an undisclosed fee. Club president and former majority owner Jean-Pierre Rivere will retain a 20 percent stake. Rivere said on Friday that the deal will help “secure the future of the club.” Nice ...
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11 June
Average USA 30-yr mortgage rate slips
AP Long-term U.S. mortgage rates fell this week after three straight weeks of increases. The drop followed a surprisingly weak employment report that deepened doubts about the economy. Mortgage buyer Freddie Mac said the average 30-year fixed-rate mortgage slipped to 3.60 percent from 3.66 percent last week. That is well below its level a year ago of 4.04 percent. ...
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11 June
Get real: Billions of dollars set to pour into real-estate investments
AP Mutual funds are about to get much more real. A big change is coming in how stock indexes measure the market, one that’s likely to push tens of billions of dollars into real-estate investments, according to estimates. All that cash could drive further gains for a group of stocks that’s already done quite well since the financial crisis. ...
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9 June
27 killed as suicide bombers hit Baghdad commercial area
BAGHDAD /Â AP Two suicide attacks in and outside the Iraqi capital killed at least 27 people and wounded dozens on Thursday, officials said. The deadliest attack took place in a commercial area of a majority Shiite neighborhood in Baghdad. At least 15 civilians were killed and 35 wounded, police said. Another suicide bomber rammed his explosives-laden car into an ...
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9 June
‘Nothing to discuss with PKK after attacks’
Ankara / AFP Turkey’s prime minister ruled out talks with the banned Kurdistan Workers’ Party (PKK) after a spate of attacks blamed on the militants killed at least 17 people this week. Prime Minister Binali Yildirim said the outlawed group had made a bid for dialogue after almost a year of renewed violence that ended a two-and-a-half year truce, ...
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9 June
Turkey strikes kill 8 IS militants in northern Syria
ANKARA / AP Turkey’s state-run news agency said US-led coalition airstrikes and Turkish artillery fire against IS group targets in Syria have killed 18 militants. Anadolu Agency, quoting unnamed security officials, said on Thursday that the IS targets were attacked after Turkish authorities on Wednesday determined that the extremist group was preparing to strike Turkey from northern Syria. It ...
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9 June
Rebels push back IS in northern Syria
Aleppo /Â AFP Syrian rebels have reopened a vital supply line by capturing two villages from the IS extremist group as it came under pressure on a range of fronts in Syria and Iraq. IS has controlled large areas of both countries since declaring its self-styled “caliphate” in 2014 but is losing territory in the face of separate assaults. In ...
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