Muddy Waters shorts CPI Property Group credit; bonds slammed
By Nell Mackenzie and Akanksha Khushi LONDON (Reuters) -A key bond of CPI Property Group fell by the most on record on Tuesday after short-selling hedge fund Muddy Waters said…
By Nell Mackenzie and Akanksha Khushi LONDON (Reuters) -A key bond of CPI Property Group fell by the most on record on Tuesday after short-selling hedge fund Muddy Waters said…
By Matt Tracy (Reuters) – Issuance of securities backed by U.S. commercial real estate (CRE) loans posted a rare rebound last quarter, but sector struggles will likely persist through 2023,…
BEIJING (Reuters) – China’s central bank and financial regulators pledged on Friday to ensure financing support for the property sector and to work together to resolve local government debt risks.…
(Reuters) – Property tycoon Rene Benko-founded Signa Group’s Prime unit has approached investors to seek up to 2 billion euros ($2.17 billion) in funding, Bloomberg News reported on Wednesday, citing…
LOS ANGELES – An Agoura Hills real estate developer was sentenced today to 41 months in federal prison for failing to disclose on a bankruptcy petition that he had earned…
BUFFALO, N.Y. — U.S. Attorney Trini E. Ross announced today that Angel Elliot Dalfin, 58, of Buffalo, NY, who was convicted of making a false document, was sentenced to serve…
BUFFALO, NY – Dreon D. Jones, Jajuan J. Hunt, Kevin L. Tucker, III, and Kahill J. Reeves were arraigned last Saturday on charges including Criminal Possession of a Weapon and…
HONG KONG (Reuters) – China property stocks rallied and Ping An Insurance Group shares slumped to a one-year low on Wednesday after Reuters reported Chinese authorities had asked the firm…
By Amina Niasse NEW YORK (Reuters) – Some Americans who have been priced out of the tight residential real estate market are turning to prefabricated homes, helping to power a…
CUMBERLAND, MD — A local altercation escalated into an arrest after a reported assault occurred within a Cumberland residence on November 2. Steven Richard White, a 52-year-old resident of Wendover,…
By Tom Sims FRANKFURT (Reuters) – Construction of one of Germany’s tallest buildings has suddenly halted midway after the developer stopped paying its builder, yet another ominous sign for the…
By Niklas Pollard STOCKHOLM (Reuters) – Swedish builder Skanska reported third-quarter earnings far below market expectations on Wednesday as weak property markets took a toll in the shape of asset…
CRANFORD, NJ – The New Jersey Department of the Treasury is deploying the ANCHOR Property Tax Relief Outreach Team to assist residents with property tax applications through door-to-door visits. Starting…
GLEN BURNIE, MD – On Friday, officers responded to a theft report from an auto at the Holiday Inn Express. The Holiday Inn is located at 1510 Aero Drive in…
BEIJING/SYDNEY (Reuters) – Bain Capital and Chinese industrial real estate developer and operator DNE Group said on Tuesday they formed a joint venture with a $250 million equity commitment, as…
By Xie Yu HONG KONG (Reuters) – More debt defaults are likely to emerge in China’s property sector as troubled developers struggle with a weak home sales outlook, while fund…
By Clare Jim and Liangping Gao HONG KONG/BEIJING (Reuters) – China’s troubled property market is showing little signs of a recovery in the short term despite a series of government…
By Xinghui Kok SINGAPORE (Reuters) – The International Monetary Fund (IMF) downgraded its 2023 and 2024 growth forecasts for China, saying its recovery was “losing steam” and citing weakness in…
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s property sales and investment posted double-digit declines as efforts to support big cities failed to bolster confidence in an industry…
By Tom Sims and John O’Donnell FRANKFURT (Reuters) – German Chancellor Olaf Scholz is facing fresh demands to stem a property crisis in Europe’s largest economy after a recent summit…
TRENTON – Governor Phil Murphy and Treasurer Elizabeth Maher Muoio have confirmed that the initial round of ANCHOR Property Tax Relief payments for the tax year 2020 will commence tomorrow.…
SYRACUSE, NEW YORK – Ejembi Onah, age 60, of Ithaca, New York, was convicted yesterday at the conclusion of a non-jury trial of two counts of wire fraud and three…
WASHINGTON, D.C. – A WMATA employee, Tyrone Hunter, 52, of Seat Pleasant, MD, has been charged with two counts each of extortion and bribery related to federal programs. The indictment…
SYDNEY, Oct 6 (Reuters) – Australia’s economy is well placed to weather strains in global financial markets, though the risks of a “disorderly” slide in asset prices or a slowdown…
DETROIT, MI – Mayor Patrick Wimberly of the City of Inkster faces federal bribery charges for accepting monthly cash payments to ensure the sale of city-owned property, announced United States…