Land Bank News
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Not many finance professionals who cover Indonesia’s biggest property companies have heard of The Ning King, the 82-year-old founder of closely held Indonesian conglomerate Argo Manunggal Group.
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Creative Group OJSC, a Ukrainian maker of oils and margarine, will boost its 2013 earnings before interest, tax, depreciation and amortization as much as 30 percent on improved output, the head of the company said.
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Taiwanese lenders led by Bank of Taiwan are taking their highest share of syndicated loans in Asia since 2010 as they expand outside the island’s saturated market to escape the worst margins in Asia-Pacific.
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Japanese Prime Minister Shinzo Abe vowed to increase private investment and infrastructure exports as part of his strategy to overcome deflation and build on an economic expansion fueled by rising consumer spending.
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Rossi Residencial SA, Brazil’s most indebted homebuilder, is benefiting from efforts to sell assets and shrink operations, helping the stock post its first monthly gain this year.
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Blackstone Group LP’s GSO Capital Partners unit and Beazer Homes USA Inc. said they will spend $150 million buying land for development.
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Czech billionaire Radovan Vitek plans to buy two real estate funds with assets valued at about 500 million euros ($652 million) in central and eastern Europe this year as part of a push to expand outside his home market.
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South Africa’s Land Bank said fiscal full-year profit fell 12 percent.
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Mexican President Enrique Pena Nieto is creating a windfall for government bondholders while saddling investors in the homebuilding industry with the worst losses in the country’s debt market.
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Spain’s zombie developers are finally about to die.
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