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China home prices rise faster in May as smaller cities join rally
June 19, 2016 by creative · Leave a Comment
Sizzling home price rises in China's biggest cities showed signs of easing in May but sharp gains appeared to be spreading to smaller cities, making policymakers' job harder as they look to support the faltering economy without inflating bubbles. The recovery in China's property market since late last year has been a rare bright spot in the world's second-largest…
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China home prices rise faster in May as smaller cities join rally
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China developer Vanke buys Shenzhen Metro unit for $6.9 billion
June 19, 2016 by creative · Leave a Comment
China Vanke, the mainland's biggest property company by sales, said it will acquire a unit of Shenzhen Metro Group for 45.6 billion yuan ($6.9 billion) via a new share issue, making the state-owned subway operator its largest shareholder. The final purchase price came at the lower end of the 40 billion yuan to 60 billion yuan guidance under a preliminary accord in March as Vanke's management fought to retain control of the company in a battle with its…
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China developer Vanke buys Shenzhen Metro unit for $6.9 billion
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Greece could lift capital controls by year-end: bank association head
June 19, 2016 by creative · Leave a Comment
Greece could lift most or all capital controls imposed at the height of the euro zone crisis by the end of the year, the head of the country's banking association said on Saturday. More than 50 billion euros left banks from November 2014 to July last year…
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Greece could lift capital controls by year-end: bank association head
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Explosion reported at Kia plant in Mexico, at least three injured
June 19, 2016 by creative · Leave a Comment
An explosion struck a Kia Motors factory in northern Mexico on Saturday, injuring at least three workers after an accumulation of gas ignited, a local emergency services official told Reuters. Luis Felipe Puente, the national director of emergency services, confirmed that some workers at
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Explosion reported at Kia plant in Mexico, at least three injured