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03 Jun 2009
Kingfisher Profit Beats Estimates on Warmer Weather

Kingfisher Plc, Europes largest home-improvement retailer, said first-quarter profit rose more than expected after warmer spring weather spurred a rebound in same-store sales at the U.K. B&Q chain. / Source: Bloomberg

03 Jun 2009
Harrahs Interested in Applying for Macau Gambling License

Harrahs Entertainment Inc., the worlds biggest casino company, will be interested in applying for a gambling license in Macau in the event the government ends a freeze on new permits. / Source: Bloomberg

03 Jun 2009
Latvian Property Market Was Worlds Worst in First Quarter

Latvian property prices plunged the most in the world in the first quarter as the economy fell into the steepest recession in the European Union, a survey by Global Property Guide showed. / Source: Bloomberg

02 Jun 2009
Melco Opens $2 Billion Casino in Macaus Cotai Strip

Melco Crown Entertainment Ltd. opens its City of Dreams casino today in a $2 billion bet that Macau will rebound from a slump that prompted rival Las Vegas Sands Corp. to halt construction on a neighboring project. / Source: Bloomberg

02 Jun 2009
Dreyfus Funds Wu Says China Economy Is Past Worst

Chinas growth will accelerate in the second half of this year, with developers, banks and raw materials suppliers most likely to benefit, Hamon Asset Management Ltd.s Nina Wu said. / Source: Bloomberg

02 Jun 2009
UAE property prices rise for the first time in months

Property prices in the United Arab Emirates increased in April and May, according to international bank HSBC. / Source: Propertywire

02 Jun 2009
Finance ministry gives gloomy outlook for New Zealand property recovery

Increasing unemployment in New Zealand is set to stifle any real estate recovery, according to a gloomy forecast from the Treasury. / Source: Propertywire

01 Jun 2009
Starbucks Pushing Landlords for 25% Cut in Cafe Rents

Starbucks Corp., the worlds largest coffee-shop operator, is pushing some U.S. landlords for as much as a 25 percent reduction in lease rates, taking advantage of a declining real estate market to save on rent. / Source: Bloomberg

01 Jun 2009
Tiffany Profit Falls 62% as Sales Shrink in Recession

Tiffany & Co., the worlds second- largest luxury-jewelry retailer, said first-quarter profit fell 62 percent after sales shrank in the global recession. / Source: Bloomberg

01 Jun 2009
Wal-Mart Opens India Wholesale Outlet With Bharti

Wal-Mart Stores Inc., the worlds largest retailer, and local partner Bharti Group opened their first wholesale outlet in India as rising disposable incomes boost demand in the worlds second-fastest-growing major economy. / Source: Bloomberg

01 Jun 2009
Arcandor Falls as Manager Magazin Says Auditors Reject Aid Bid

Arcandor AG, the troubled German retailer, fell in Frankfurt trading after Manager Magazin reported that a government-ordered audit concluded that the company shouldnt be given state loan guarantees. / Source: Bloomberg

29 May 2009
Russian retail sector poised for recovery

Shopping centre development in Russia is progressing especially in Moscow but investors in this property sector are still adopting a wait and see attitude despite signs of consumer stabilization, according to the latest analysis. / Source: Propertywire

29 May 2009
Ahold Profit Drops as Tax Increase Masks U.S. Gains

Royal Ahold NV, the Dutch owner of the Stop & Shop supermarket chain in the U.S., said first- quarter profit fell 24 percent as a higher tax rate and a charge for assets sold masked growth in the U.S. business. / Source: Bloomberg

29 May 2009
Costco Net Falls on Litigation, Higher-Ticket Sales Decline

Costco Wholesale Corp., the largest U.S. warehouse-club chain, said third-quarter profit fell 29 percent after consumers cut spending, the company incurred a charge for litigation and a higher dollar hurt overseas sales. / Source: Bloomberg

29 May 2009
Dubai's first property auction fails to sell a single lot

More than a 100 potential property buyers attended Dubai's first real estate auction but the lots failed to reach reserve prices and didn't sell. / Source: Propertywire

28 May 2009
U.S. Recession May Soon End, Business Economists Say

The U.S. recession will probably end in the third quarter, a survey of business economists showed, even as rising joblessness indicates the recovery will be weaker than previously estimated. / Source: Bloomberg

28 May 2009
Soho China Sets Terms for HK$2.8 Billion of Convertible Bonds

Soho China Ltd., the biggest real estate developer in Beijings central business district, plans to raise HK$2.8 billion ($360 million) from a sale of five-year convertible bonds to at least six investors. / Source: Bloomberg

28 May 2009
Aberdeen Property Investors wins ?1.4bn management tender

Aberdeen Property Investors has won a tender to manage assets worth ?1.4 billion for insurance company Gamla SEB Trygg Liv, a part of Swedens SEB bank. / Source: Propertyweek

28 May 2009
Star-Studded Opening of $1.4bn Mardan Palace, Turkey

Mardan Palace is Turkey's first five-star Destination Resort, hailing a return to the opulent, golden age of the Ottoman Empire. It is the vision of Telman Ismailov, Chairman of Russia's biggest property developers AST, who fell in love with the region. / Source: Hotel News Resource

27 May 2009
Brixton Shares Advance After Takeover-Bid Reports

Brixton Plc, the U.K.s largest owner of warehouses, climbed to the highest in more than three months in London trading on newspaper reports that Blackstone Group LP and a fund backed by Macquarie Group Ltd. are in talks to buy the company. / Source: Bloomberg


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