London’s status as a magnet for foreign property investment was burnished in the years after the financial crisis by an investor-friendly tax regime and the falling value of the pound. That may be changing.
Germany’s top eight shipping financiers, which had 105 billion euros ($144 billion) in loans to the crisis-ridden industry at the end of last year, face “significant asset quality challenges” in 2014, according to Moody’s Investors Service.
BRE Properties Inc. is in talks to be acquired by Essex Property Trust Inc. for about $4.5 billion in cash and stock, a deal that would create the largest publicly traded apartment landlord on the U.S. West Coast.
BRE Properties Inc., a California real estate investment trust, is the latest target in a $22 billion apartment landlord spending spree that could swoop up Home Properties Inc. and Post Properties Inc. next.
Corporate-bond buyers are accepting the lowest relative yields since before the 2008 financial crisis to own dollar-denominated notes that face declining returns as the Federal Reserve considers paring record stimulus.
Hapag-Lloyd AG is discussing a possible merger with Cia. Sud Americana de Vapores SA, Latin America’s biggest container shipping line, as the companies struggle to overcome a global trade slump that has left the industry in crisis.
Royal Bank of Scotland Group Plc and Standard & Poor’s were sued in the Netherlands by 16 investors over a complex derivative product that fell in value by as much as 90 percent during the financial crisis.