All Property Week articles in 05 December 2008 – Page 12
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News
Builders having trouble getting paid
Construction firms in Dubai are struggling to get payments from some developers as major projects stall and further doubt is cast over the feasibility of others.
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News
Oz cuts rates by 100 basis points - banks pass it on
The Reserve Bank cut rates by a full percentage point today, extending the biggest round of reductions since the early 1990s.
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News
Economy to grow at 7.5% say India PM
PM Manmohan Singh on Monday said despite economic recession and the difficult situation in western countries, India's growth rate would be maintained at around 7.5% in 2008-09.
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News
B&B buys time to thrash out support
Babcock & Brown will extend its share suspension until at least tomorrow as it attempts to thrash out final support for a fresh funding agreement with its bankers.
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News
Property sales jump in Beijing, Shanghai
Property sales in Beijing and Shanghai rose in November after being stagnant in the previous few months. Apartment sales climbed 52.4% in Beijing from October, while Shanghai grew 41.98%, official figures of the two cities showed.
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News
Mortgage lending dives 70%
The housing slump seems set to worsen after official figures revealed yesterday that mortgage lending dived by nearly 70% in October.
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News
Persimmon seeks early refinancing
Persimmon has become the latest house builder to look at prematurely refinancing its debt in an attempt to avoid a possible breach of its banking covenants.
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News
Banks refuse to follow RBS lead
Rival banks declined to follow the lead of Royal Bank of Scotland in pledging to wait six months before starting the process of repossessing a home.
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News
Challenge to BofA mortgage rejig
Bank of America is facing a legal challenge over a multibillion-dollar promise to modify home loans for 400,000 borrowers, underscoring one of the biggest obstacles to efforts on reducing foreclosures.
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News
Last ditch challenge to HBOS deal
A last-minute legal attempt to challenge the takeover of HBOS by Lloyds TSB on competition grounds will be the subject of a crucial case management conference tomorrow.
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News
Gulf firms slash 15% of staff as property bubble bursts
Until only a few months ago, many executives from developed economies viewed the Gulf as a bolt-hole to ride out the global economic storm.
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News
UK and France at odds with Germany over rescue
Differences were widening last night over a €200bn European Commission economic recovery plan, with France and the UK eager to see a big, co-ordinated stimulus package but Germany more critical of such reflationary measures.
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News
New Star plunges 43% as FSA rejects request
Shares in New Star Asset Management, one of the UK’s best known fund managers, plunged nearly 43% yesterday as analysts warned it had just days to negotiate a deal with its banks to avoid potentially devastating outflows of its funds.
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News
Balfour Beatty buys in energy market
The construction company’s WorkPlace division has acquired Colledge Trundle and Hall for £2.85m in cash to enable it to expand into the energy management market.
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News
Banks cut 1,150 more staff
The UK financial services sector is set to lose a further 1,150 jobs as HSBC and Credit Suisse become the latest banks to announce redundancies as a result of the slowdown in financial markets.
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OnlineQuinlan to hit Slovakia development button in 2010
Quinlan Private Golub, the central and eastern European development company of Ireland’s Quinlan Private, is to develop a large shopping centre scheme in Bratislava, Slovakia.
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Online
Rochdale Council re-tenders £250m town centre scheme
Rochdale Council has gone back to the market for a developer for its £250m town centre regeneration scheme, after an EU ruling made its earlier choice of Wilson Bowden untenable.
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Videos
Energy Performance of Buildings round-table (audio)
The Energy Performance of Buildings Directive (EPBD) is a piece of legislation that has fascinated and perplexed the industry in equal measure, with its heady mix of deadlines, certificates, opportunities and penalties.
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Online
Waitrose debuts in Bristol
Waitrose has signed up to open its second convenience store in the UK with its first store in Bristol . The retailer has agreed a long-lease with landlord CBRE Investors at the former Fresh & Wild unit in the Clifton Pavilion on Queens Road. Waitrose plans to ...
