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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 …
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…
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…
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 …
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…
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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