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Canada's Economy Stalls as Factory Decline Offsets Housing
News 16 hours ago
Canada's Economy Stalls as Factory Decline Offsets Housing
Source Bloomberg

Canada’s economy unexpectedly stalled in February as manufacturing and production in other goods producing sectors shrank during the month. The...

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Trump's Jagged Argentine Connection
News 1 day ago
Trump's Jagged Argentine Connection
Source Bloomberg

President Donald Trump will meet Thursday with President Mauricio Macri of Argentina. For most world leaders, a meeting with Trump is a first-time...

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Hamptons Homes Selling Again, as Long as They're Not Mansions
News 2 days ago
Hamptons Homes Selling Again, as Long as They're Not Mansions
Source Bloomberg

Buyers are coming back to the Hamptons, a favorite vacation-home spot for Wall Street’s elite. They’re just not splurging on mansions.Across all...

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Earliest China Data Signal Economic Momentum Eased in April
News 2 days ago
Earliest China Data Signal Economic Momentum Eased in April
Source Bloomberg

The first peek into China’s economy this quarter shows momentum cooling slightly as a real-estate frenzy and months of producer-price gains may...

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World's Top Money Manager Sees Nothing to Like in Canada Stocks
News 2 days ago
World's Top Money Manager Sees Nothing to Like in Canada Stocks
Source Bloomberg

The chief strategist for Canada at BlackRock Inc., the world’s largest money manager, doesn’t see a single attractive sector in the local stock...

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NYC Pensions' Push Into Private Equity Yields Index-Fund Returns
News 2 days ago
NYC Pensions' Push Into Private Equity Yields Index-Fund Returns
Source Bloomberg

New York City’s biggest pensions have invested about $13 billion with private-equity firms in pursuit of large returns. They would have done...

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Toronto’s Hotly Contested $27 Million Penthouse Hits the Market
News 2 days ago
Toronto’s Hotly Contested $27 Million Penthouse Hits the Market
Source Bloomberg

Before Sarah Pursglove and her husband, the Finnish entrepreneur Robert Oesterlund, became the subjects of one of the most high-profile divorces...

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India's Sensex Rises to Record on Strong Company Earnings
News 2 days ago
India's Sensex Rises to Record on Strong Company Earnings
Source Bloomberg

India’s benchmark indexes climbed to record levels on strong corporate earnings and gains in Asian markets.The S&P BSE Sensex index rose 0.6...

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Forest City Would Attract Numerous Bidders, Activist Litt Says
News 3 days ago
Forest City Would Attract Numerous Bidders, Activist Litt Says
Source Bloomberg

Forest City Realty Trust Inc. would attract numerous bidders, including private equity firms and publicly traded landlords, were the company to...

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Brooklyn as a Fashion Hub? Mayor's Plan Stirs Manhattan Backlash
News 3 days ago
Brooklyn as a Fashion Hub? Mayor's Plan Stirs Manhattan Backlash
Source Bloomberg

Brooklyn may be New York’s hippest borough to live or start a business. It just doesn’t hold that much cachet for the city’s fashion industry...

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LVMH to Gain Control of Dior After $13 Billion Arnault Deal
News 3 days ago
LVMH to Gain Control of Dior After $13 Billion Arnault Deal
Source Bloomberg

French billionaire Bernard Arnault moved to consolidate control over Christian Dior for about 12.1 billion euros ($13.2 billion), folding the...

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Canadian Housing Optimism Hits Record Amid Curbs on Toronto
News 4 days ago
Canadian Housing Optimism Hits Record Amid Curbs on Toronto
Source Bloomberg

Optimism about home prices reached an all-time high in Canada just as policy makers stepped in to curb runaway prices in the country’s largest...

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U.S. Equities Advance After French Vote as Banks Rally With Tech
News 4 days ago
U.S. Equities Advance After French Vote as Banks Rally With Tech
Source Bloomberg

U.S. stocks climbed as the weekend vote in France triggered a rally in global equities, and President Trump vowed to announce tax reforms this...

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Vietnam Bank Aims to Fetch $700 Million Selling Majority Stake
News 5 days ago
Vietnam Bank Aims to Fetch $700 Million Selling Majority Stake
Source Bloomberg

The first Vietnamese bank granted government approval to sell a majority stake to a foreign investor could attract an investment of at least $700...

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A Dying Man's Lost Recipe Made His Daughter a Multimillionaire
News 5 days ago
A Dying Man's Lost Recipe Made His Daughter a Multimillionaire
Source Bloomberg

When Hiroe Tanaka’s father died, he left behind something that would change her life: a recipe for fried meat on a stick. It was an act of love....

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Desperate Malls Turn to Concerts and Food Trucks
News 1 week ago
Desperate Malls Turn to Concerts and Food Trucks
Source Bloomberg

Malls are fighting for shoppers with one thing their web rivals can’t offer: parking lots.With customer traffic sagging, U.S. retail landlords are...

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China Said to Crack Down on Property Financing Through Trusts
News 1 week ago
China Said to Crack Down on Property Financing Through Trusts
Source Bloomberg

China’s banking regulator has instructed trust companies to rein in funding to the nation’s booming real estate sector, intensifying a campaign to...

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Fairfax's Watsa Warns Toronto Real Estate Bubble Will Burst
News 1 week ago
Fairfax's Watsa Warns Toronto Real Estate Bubble Will Burst
Source Bloomberg

Prem Watsa, head of Canadian investment firm Fairfax Financial Holdings Inc., said the Toronto property market is in a bubble that will end with...

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U.S. Mortgage Rates Drop to Five-Month Low With 30-Year at 3.97%
News 1 week ago
U.S. Mortgage Rates Drop to Five-Month Low With 30-Year at 3.97%
Source Bloomberg

U.S. mortgage rates dropped for a fifth week, sending home-loan costs down to their lowest point since the week after the presidential election...

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Surging Toronto Home Prices Force Government Curbs on Buyers
News 1 week ago
Surging Toronto Home Prices Force Government Curbs on Buyers
Source Bloomberg

Ontario announced a slew of measures including a tax on foreign buyers and expanded rent control as part of a plan to temper escalating home...

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Blackstone's Profit More Than Doubles on Record Asset Sales
News 1 week ago
Blackstone's Profit More Than Doubles on Record Asset Sales
Source Bloomberg

Blackstone Group LP, the world’s biggest private equity firm, said first-quarter profit more than doubled as it took advantage of high valuations...

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European Stocks Rise With France's CAC 40 as Macron Leads Polls
News 1 week ago
European Stocks Rise With France's CAC 40 as Macron Leads Polls
Source Bloomberg

European stocks rose, set for their biggest two-day jump in three weeks, as polls showed support may be firming up for French presidential...

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World's Top Small-Cap Stock Seeks $1.1 Billion to Develop Land
News 1 week ago
World's Top Small-Cap Stock Seeks $1.1 Billion to Develop Land
Source Bloomberg

Iskandar Waterfront City Bhd., the world’s best performing small-cap stock this year, isn’t done yet after a plan to boost land assets in Malaysia...

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Quogue Capital's Rothbaum Said to Bid for MLB's Miami Marlins
News 1 week ago
Quogue Capital's Rothbaum Said to Bid for MLB's Miami Marlins
Source Bloomberg

Quogue Capital founder Wayne P. Rothbaum is among the final bidders for baseball’s Miami Marlins, according to people close to the negotiations...

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Ontario Set to Unveil Its Plan to Cool Toronto Housing
News 1 week ago
Ontario Set to Unveil Its Plan to Cool Toronto Housing
Source Bloomberg

Ontario Finance Minister Charles Sousa plans to announce steps on Thursday to cool the Toronto region’s hot real-estate market, according to a...

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Mnuchin's Newest Hollywood Partner Made Billions in Russian Oil
News 1 week ago
Mnuchin's Newest Hollywood Partner Made Billions in Russian Oil
Source Bloomberg

Treasury Secretary Steven Mnuchin just got a new Hollywood business partner: a man who made billions investing in Russia.A company run by Len...

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U.S. Stocks Advance Ahead of Fed's Beige Book as Banks Rally
News 1 week ago
U.S. Stocks Advance Ahead of Fed's Beige Book as Banks Rally
Source Bloomberg

U.S. stocks rose ahead of the release of the Federal Reserve’s Beige Book, as European shares advanced and commodity producers rebounded along...

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Poles Regain Stock Market Zest as Dino Polska Soars in Debut
News 1 week ago
Poles Regain Stock Market Zest as Dino Polska Soars in Debut
Source Bloomberg

Polish supermarket chain Dino Polska SA, whose shares started trading in Warsaw on Wednesday, is giving local investors an appetite for stocks...

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Canada Puts Housing Speculators on Notice as Toronto Prices Soar
News 1 week ago
Canada Puts Housing Speculators on Notice as Toronto Prices Soar
Source Bloomberg

Canadian officials across all three levels of government vowed to be vigilant in monitoring the Toronto region’s rapidly accelerating housing...

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China's $8.5 Trillion Shadow Bank Industry Is Back in Full Swing
News 1 week ago
China's $8.5 Trillion Shadow Bank Industry Is Back in Full Swing
Source Bloomberg

China’s shadow banking is back in full swing, an unintended side effect of the government’s campaign against financial leverage, which has curbed...

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