SHANGHAI, July 18- A Chinese construction company at risk of declaring a landmark bond default on nearly $65 million is getting local political support to hold off creditors and get cash, state media reported on Friday, citing sources at the struggling firm.» Read More
OSAKA/ TOKYO, May 11- Two U.S. billionaires are betting on rival cities, Tokyo and Osaka, to be the first in Japan to open casino resorts- once the government gives the go-ahead to legalise gambling.
SHANGHAI, May 9- China's efforts to cool its property sector look to have been more effective than intended, as a sharp drop in construction activity and falling prices threaten what had been one of few firing engines of the world's second-largest economy.
HONG KONG, May 8- Thomas and Raymond Kwok, the billionaire co-chairmen of Sun Hung Kai Properties Ltd, Asia's largest developer, went on trial on Thursday in Hong Kong's biggest corruption case since the city's anti-graft agency was formed nearly 40 years ago.
BEIJING, May 6- China shares ended flat on Tuesday, surrendering gains of the morning session as investor sentiment cooled on worries about rapidly slowing demand in the key real estate sector. China Vanke Co Ltd was up 0.7 percent, while Beijing Urban Construction and Investment Co Ltd gained 1.2 percent.
BEIJING, May 6- China shares steadied on Tuesday, with gains limited by weakness in the property sector as investors braced for any signs of financial distress among developers as the market cools.
BEIJING, May 5- Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off scepticism about how a little-known entrepreneur can be driving a huge transcontinental project, insisting he's not an agent of the Beijing government.
BEIJING, April 26- China aims to start building more than 7 million units of public housing this year, the Ministry of Housing and Urban-Rural Development said on Saturday, signalling the latest government move to counter high property prices.
Strong demand for property loans suggests China's housing market remains resilient even if growth is cooling. China's property market has lost steam since late 2013 as authorities tightened controls on speculative buying, and as banks made it harder for home buyers and small developers to get loans.
NEW YORK, April 23- The board of the Port Authority of New York& New Jersey on Wednesday delayed a scheduled vote on whether to provide $1.2 billion in loan guarantees to World Trade Center developer Larry Silverstein, the latest holdup for the project.
The Keystone XL pipeline government comment period has been extended, a move that likely postpones a final decision until after the mid-term elections.
HONG KONG, April 9- China Vanke Co Ltd, the country's largest listed real estate developer, is looking to invest in property firms held by state-owned enterprises as Beijing gradually relaxes its hold on government assets. As part of the government's reform plans, Beijing has promised to allow more private participation in state-owned enterprises.
HONG KONG, April 9- China Vanke Co Ltd, the country's largest listed developer, is interested in investing in property units of state-owned enterprises as Beijing opens up state-dominated industries to private capital. We are willing to cooperate, "Vanke president Yu Liang told a real estate forum in Hong Kong on Wednesday.
FENGHUA, China, April 3- To understand why many of China's small property developers are struggling, look no further than Zhejiang Xingrun Real Estate. The once little-known regional developer is now on the brink of becoming one of China's biggest real estate bankruptcies in recent memory. Some markets saw outright price declines, in particular Ningbo.
SHANGHAI, April 2- Mainland property stocks soared on Wednesday after state media reported that several cities may relax house ownership restrictions. The CSI300 property sub index was up 4.1 percent in morning trading, led by Hua Yuan Property Co Ltd and Beijing Capital Development Co Ltd which both reached their daily 10 percent trading limits.
WASHINGTON, March 20- Emily Hanson would like to buy a house, but she worries that she and her husband may have to move across the country to achieve their goal. In December, Emily, a 30- year-old student, and Nels Hanson, a 33- year-old software developer, began searching in Boston, where a shortage of homes for sale has driven up prices.
HONG KONG, March 19- China shares fell on Wednesday, pulled down by the property sector as the country's central bank denied it had been involved in talks to assist a small developer at risk of bankruptcy. The CSI300 of the leading Shanghai and Shenzhen A-share listings slipped 0.8 percent.
HONG KONG, March 18- Early modest gains for China shares were largely erased on Tuesday afternoon on declines by property stocks following home-price data and concern that a local developer could default. The CSI300 of the leading Shanghai and Shenzhen A-share listings shed 0.2 percent.
HONG KONG/ SHANGHAI, March 18- China shares rose on Tuesday, in spite of home-price data that hurt property stocks and a mainland media report that a local developer could default on a large loan. Hong Kong shares posted their first gains after four straight days of losses, but investors remained cautious on concerns over Chinese economic growth prospects.
RIYADH, March 13- Saudi Arabia's government has launched a new scheme to provide housing aid to its citizens, in the hope of ending a shortage of homes which has depressed living standards and is politically sensitive for the government.
MACAU, March 12- Galaxy Entertainment Group Ltd and Melco Crown Entertainment Ltd look best placed to benefit from the next phase of Macau's development as the world's gambling capital adds eight more mega-casinos by 2017..