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...Grosvenor, the Duke of Westminster’s property company, is launching a £900mn lending business focused on residential development, as real estate investors opt for debt investments over the risk of buying...
...The housing department has applied to a property tribunal for an order to require companies in property tycoon John Christodoulou’s Yianis Group to contribute to fixing safety issues at the Canary Riverside...
...Its property and casualty insurance division weakened, posting an overall underwriting loss reflecting worse conditions for areas such as credit insurance, but its major life and health insurance division...
...The insurer was likely to “receive questions about potentially buying a commercial lines [property and casualty] business at the top of the cycle . . . but the purchase price seems reasonable in this respect...
...Lloyd’s said the agreement with Chinese insurance company Ping An, which has owned the building for a decade, will allow it to continue its renovation of workspaces and make further refurbishments, including...
...Property developers in China typically sell homes before they are completed....
...During the recent annual meeting of China’s rubber-stamp parliament, Yi Gang, former head of the People’s Bank of China, cited the need for an insurance mechanism for presales, which he said would help the...
...China Construction Bank has filed a winding-up petition in Hong Kong against property developer Shimao in a rare case of a major state-owned financial institution initiating offshore legal action against...
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...Vanke, the second-largest developer in China by sales, is state-backed and had retained investment-grade ratings despite a wave of defaults in the sector since the 2021 collapse of China Evergrande....
...China’s property slowdown has become one of the biggest challenges facing the world’s second-largest economy and Xi Jinping’s administration, which has so far stopped short of providing overt stimulus despite...
...Wall Street firms could be at risk in the face of a $2tn “wall” of property debt coming due in the next three years....
...Savings products contribute the majority of sales in Hong Kong, the company said on Wednesday....
...On the other hand, China’s economy is facing a protracted slowdown, as its property sector, hit by developers’ defaults, continues to suffer....
...The CSI A50’s top three constituents include liquor giant Kweichow Moutai, financial group Ping An Insurance and battery maker Contemporary Amperex Technology....
...The bank originated as the Nippon Credit Bank, which was among the highest-profile casualties of the protracted fallout from the collapse of Japan’s 1980s property bubble....
...Country Garden has missed its final deadline for the coupon payment on a dollar bond, according to three creditors, making what was once China’s biggest developer by sales the latest casualty of the country...
...In today’s newsletter: An Austrian money trail UAE deals face scrutiny in UK China’s ‘snowball’ derivatives melt Signa’s missing millions The collapse of billionaire René Benko’s property empire Signa...
...I own an equal third share of a property in France, worth £350,000, with my two brothers. We also own an equal third share of a UK property, worth around £750,000....
...The chief executive of HSBC said he believed China’s property sector has hit its lowest ebb and can begin to recover, even as banks take hundreds of millions of dollars in charges over their exposure to...
...Its shares are down 99 per cent from the 2021 peak, in line with declines in shares of parent China Evergrande and subsidiary Evergrande Property Services Group....
...In an interview with the Financial Times, Weightman noted “similarities” between the sales pitch that was used then and Corinthia’s success in attracting an entire team of senior executives from Barings,...
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...An insurance company “needs to have the longer-term alignment”, Borean said, adding that each situation needs to be viewed on a “case-by-case basis”....
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