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...] and its creditors,” the complaint states....
...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...“We are not going to comment on this matter save as to say that the [secretary of state] has taken such action without as much as requesting a meeting with the companies,” the company said....
...The letter states that the company’s management was “not acting in the best interest of the creditors” and had taken a series of decisions that were creating “the imminent danger of causing significant harm...
...Union organisers see southern states including Tennessee as hostile territory and have tried to organise there for decades with little success....
...Looking forward, we will pursue rate increases in 10 states to improve margins and in other states to keep pace with increases in loss costs. Used-car costs have, in contrast, declined....
...The involvement of a prominent state-owned bank signals a new level of impatience among creditors as a cash crunch for property developers continues to worsen....
...The collapse of the legacy car market after decades of growth poses an existential threat to scores of foreign and state-backed carmakers operating in China....
...In a statement, Silverstein confirmed that junior and senior mezzanine debt and mortgage loans were all in maturity default, and that property broker JLL was organising a sale....
...Shares in Chinese state-owned carmaker Changan Automobile climbed on Monday, after the company announced an investment into a spin-off of tech group Huawei’s smart car business....
...It’s not dissimilar to finding a way to house state-of-the-art materials within the historic structure of Hunts Green Barn....
...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....
...But in New York, some of the best properties coming to market are now sitting for months....
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
...The company’s net income fell 46 per cent to Rmb12.2bn ($1.69bn) last year, the state-linked company said in an exchange filing late on Thursday....
...It is 28 per cent owned by the Shenzhen Metro, occupying a middle ground between a private and state-owned company....
...A spokesperson for Austria’s state prosecutor for Economic Crime and Corruption (WKStA) confirmed a formal investigation into Benko, first reported by the country’s public broadcaster ORF, was under way....
...Property firms have been defaulting left right and centre. New lending for property-related activity is contracting....
...He said Lan’s corruption case had dented the confidence of some private businesses in Vietnam worried about the risks of operating in the country and the state companies they work with....
...Until now, no matter how bad things got, Chinese property developers could count on state-owned lenders to have their backs....
...European house prices fell for the first time in a decade last year, as strong growth in the property markets of some eastern and southern countries was masked by declines in many northern EU states....
...Munich’s state prosecutor is looking into allegations of money laundering at the Signa Group, René Benko’s collapsed luxury property empire....
...Property casualty reinsurance is not cyclical, so it’s not a bet on a confusing economy; pricing and contract terms in reinsurance in particular are better and tighter now than they have been in years; and...
...In 2022, it called on member states to address those risks and end even more controversial golden passport programmes, notably in Malta and Cyprus, which offer not just residency but citizenship....
...renting one property”....
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