PARIS, May 18- Chinese, South Korean and Spanish firms are vying to develop a hydropower project likely to cost between $9 billion and $14 billion on the Congo River, Congolese officials said on Saturday.
Mexico is doing its best to target investors for its real estate market. Even with drug violence, analysts say opportunities are good for foreign investment.
Donald Han, Senior Advisor at HSR Property Group says that property prices in China are bottoming out, and will remain "U" shaped before prices pick up. There is still a lot of unsold stock in the market, he said.
With home prices down more than a third from their peak and the market swamped with foreclosures, large investors are salivating at the opportunity to buy perhaps thousands of homes at deep discounts and fill them with tenants. The New York Times reports.
Thanks to high gasoline prices, today's home buyers want to be close in. D.C., with so many thriving suburbs and an expansive Metro system, offers ample opportunity.
Outside its scripted meetings, China’s annual parliament gives rise to two activities that expose opposite ends of the country’s growth story: a boom in luxury shopping matched only by a surge in public complaints about corruption, the FT reports.
Beijing's recent announcement that it has enough room to ease monetary policy is sending mixed signals about its stance on the property market, says a market watcher who sees an increase in liquidity working against curbs introduced to cool the real estate sector.
China's third-tier city of Wuhu, in eastern Anhui province, has suspended a plan to ease property control restrictions, the Shanghai Securities News reported on Monday.
China's third-tier city of Wuhu, in eastern Anhui province, has relaxed restrictions on purchases of homes, easing limits on multiple home buyers and raising cash subsidies, the official China Securities Journal reported on Friday.
Fannie & Freddie are providing alot of liquidity in the market, says Brian Moynihan, Bank of America CEO. "We have shaped our mortgage business to be much smaller," he tells CNBC's Maria Bartiromo.
Why some hedge funds' new strategy of buying foreclosed homes and then fixing them for sale is not a good idea, suggests CNBC's Herb Greenberg. Do neighborhoods benefit only when foreclosures are sold to owner-occupants?
A look at why Joe Sitt, Thor Equities CEO, is making a big bet that the world's well-known stores and hotels will move south to another stretch of Fifth Avenue in Manhattan.