WeWork sells majority stake in Chinese entity, seeks localization

Four years after its foray into the Chinese market followed by rapid and cash-hemorrhaging expansion, WeWork decided to wind down its involvement in the country.
WeWork’s Chinese unit has secured a …
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Billionaire Fredriksen picks investment chief, invites outside capital – Reuters

OSLO (Reuters) – Seatankers, the powerful holding company of Norwegian-born billionaire John Fredriksen, said on Thursday it had hired a veteran fund manager to broaden the group’s portfolio and brin…
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Egyptian real estate firms’ profit hit by coronavirus crisis – Reuters Africa

CAIRO, Sept 14 (Reuters) – Egypts five biggest listed real estate firms reported a combined profit fall of nearly 31% in the second quarter of 2020 as property sales slowed during the coronavirus cri…
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Norway’s wealth fund lost $21 billion in first half of 2020 – Reuters

OSLO (Reuters) – Norway’s $1.15 trillion sovereign wealth fund posted a loss of 188 billion Norwegian crowns ($21.27 billion) in the first half of 2020 as stocks and real estate holdings declined in …
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Wall Street Week Ahead: Bargain-hunters look to U.S. real estate stocks as S&P nears records – Reuters India

NEW YORK (Reuters) – As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered U.S. real estate sector, where values of some major stocks have been cut in hal…
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RPT-Wall St Week Ahead-Bargain-hunters look to U.S. real estate stocks as S&P nears records – Reuters

(Repeats SCHEDULED COLUMN originally published on Aug 7, no changes)
By David Randall
NEW YORK, Aug 7 (Reuters) – As the S&P 500 approaches fresh highs, some investors hope to pick up bargain…
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UPDATE 1-HSBC profit plunge hits FTSE 100, offsets bounce in factory activity – Reuters India

(For a live blog on European stocks, type LIVE/ in an Eikon news window)
* HSBC slides as profit plunges 65%
* Real estate stocks drag on mid-cap index
* Engineer Senior, insurer Hiscox swing t…
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A small Caribbean nation helped popularize ‘citizenship by investment’ — now it’s counting on it to make up for lost tourism

St. Kits and Nevis, like many of its Caribbean peers, is highly dependent on tourism revenue.
But with its borders still closed to foreigners, the small country’s pioneering “citizenship by investme…
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Millions in profits and 5429 units: Here’s why Ryan Gibson is going all-in on storage unit investing after years of flipping homes — and the strategy he’s using to capture the booming trend

Before Ryan Gibson, the CIO and co-founder of Spartan Investment Group, started venturing into the realm of storage unit investing, he spent years fixing and reselling homes. 
“We flipped a bunch of…
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A Hong Kong real-estate tycoon wants to build a new city in Ireland for 50,000 emigrants fleeing China’s crackdown

The river Belcoo, which forms the border between Northern Ireland and the Republic of Ireland.
Dan Kitwood/Getty Images
Hong Kong residents fleeing their home amid China’s crackdown might soon have…
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