Already under pressure, China’s property market is faced increased headwinds in November following cash crunch among developers and faltering demand. Prices for new homes fell by 0.3% month-on-month in November marking the biggest decline since February 2015. In October, home… Read More ›
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China state council met real estate developers, banks midst liquidity crisis in China’s property sector
As per a source with direct knowledge, a think-tank of China’s powerful state council met banks and real estate developers in Shenzhen city midst intensifying worries liquidity crisis facing China’s property sector. The meeting, held yesterday, included participants from China… Read More ›
Japan’s Takada to acquire London-listed Shire for $59 billion
Following the takeover Takada will join the ranks of the world’s top 10 drugmakers and will gain expertise in rare diseases, at the cost of a mountain-load of debt. On Wednesday, shareholders of Takeda Pharmaceutical approved the $59 billion takeover… Read More ›