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...Meanwhile, hotel investment volumes in the UK last year fell 38 per cent to €2.2bn, contracting nearly 70 per cent from pre-pandemic levels....
...Breit’s value fell as Blackstone marked down some property investments....
...Stocks of other smaller banks also fell, with the KBW Regional Bank index declining by 6 per cent....
...The yield on the 10-year note fell to 3.82 per cent, its lowest level in a month, as traders fretted about how possible constraints on lending may affect US growth....
...Its net interest margin fell 45 basis points to 2.82 per cent quarter on quarter. That is expected to fall further in 2024. Net interest income could fall by as much as $300mn this year....
...New York Community Bancorp shares fell 38% on Wednesday, partly on worries about the bank’s exposure to commercial real estate....
...The company’s shares fell as much as 31 per cent shortly after Wall Street’s opening bell and having disclosed the moves late on Thursday....
...“We would acknowledge that this is not going to be some sort of a V-shaped recovery. There are going to be plenty of troubled deals in the market,” added Gray....
...The deal means UK properties will make up 25 per cent of Shurgard’s overall portfolio. Belgium and the Netherlands make up the biggest segment, at 28 per cent....
...Yet applications for 30-year fixed rate mortgages fell to the lowest level since 1995 last week....
...Ansys stock, which had risen more than 25 per cent in the past year, fell 5 per cent on Tuesday to about $328....
...Despite the attempt to loosen financial conditions, corporate borrowing fell and loan rejections rose in January, according to a China Beige Book survey. Why such a timid approach, then?...
...Nationwide property sales fell 9 per cent in the second quarter and housing starts have more than halved since 2019....
...Average asking prices in Paris fell 6 per cent in the year to September, according to Meilleurs Agents....
...A version of this article was first published by Nikkei Asia on March 11. ©2024 Nikkei Inc. All rights reserved....
...Indeed part of the Chanel myth is how, during her affair with the Duke of Westminster in the 1920s, the designer fell for his tweeds, appropriating them for her own ends....
...During the same time, the amount of office property sold fell 18.3 per cent and the proceeds from such transactions slid 20.2 per cent, the bureau said....
...Where is Uber’s exclusive intellectual property? Is urban transport really winner-take-most?...
...BHP chief executive Mike Henry is attempting to put a positive spin on this situation, though full-year results show how far the company’s profits fell....
...Shares in Chevron fell 17 per cent last year, compared to a 9 per cent drop for ExxonMobil, its larger US rival....
...Despite the slowdown, hesitant sellers meant median prices fell just 3.3 per cent in March compared with the previous year, according to Redfin’s own data....
...While auction sales fell slightly to $6.5bn, revenues from private deals that it arranged for collectors away from the auction room rose by nearly 8 per cent to $1.2bn....
...Between 2007 and 2022 the number of full-time conservation specialists employed by local authorities fell from 1,224 to 526, according to Historic England....
...Judge Hyde fell back on another case, Bells of Lazonby Ltd v Revenue & Customs (2007), which, in HMRC’s phrasing) “decided that a cereal bar which was not sweetened was an item of confectionery per se”....
...Shares in VMware fell nearly 10 per cent in trading in New York on Thursday....
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