• Filter by

China’s Q1 growth steadies

BEIJING: China’s economy grew at a steady 6.4% pace in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement.

Brexit jobs spur Dublin real estate boom

LONDON: Bankers and lawyers relocating to Dublin while Brexit reshapes London’s financial industry are fueling a property boom that’s got the attention of debt investors.

Fitch assigns final rating of A- to Resorts World Las Vegas debt notes

KUALA LUMPUR: Fitch Ratings has assigned a final rating of 'A-' to Resorts World Las Vegas LLC's (RWLV, A-/Stable) senior secured US$1.2bil revolver* and US$400mil term-loan facilities due 2024 and the senior unsecured US$1bil 4.625% notes due 2029 issued by RWLV and its unit RWLV Capital Inc.

Hektar REIT in talks for retail asset

KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) is in active negotiations to acquire a retail asset as plans to double its asset value to RM2.4bil by 2026 are on track.

Hisham: We like malls that are market leaders in their locality, being the number one or only mall in town.

Vancouver college kids living like kings

TORONTO: Isaiah Boodhoo, 22, thought it was a “complete hoax” when he saw a rental listing on Facebook for a bedroom in a Vancouver mansion for only C$1,100 (US$825) a month.

Living it up: A mansion in Vancouver. In the new world of Vancouver’s housing market, where Chinese investors are decamping and low-ball offers are the norm, students can find themselves living in the lap of 	luxury.

China’s home prices rise faster amid lending surge

BEIJING: New home prices in China grew slightly faster in March after growth slowed the previous month, putting a floor under the cooling market, as Beijing rolled out stimulus to boost the economy.

Rising prices: A woman taking photographs as residential buildings stand in the background in Beijing. Price growth in China’s four top-tier cities – Beijing, Shanghai, Shenzhen and Guangzhou – rose 0.2% in March from a month earlier. – Bloomberg

RBA says easing would be ‘appropriate’

SYDNEY: Australia’s central bank believes a cut in interest rates would be “appropriate” should inflation stay low and unemployment trend higher, though there was still no strong case for a move in the near term.