Philippine Apart-Hotels Set to Outstrip Traditional Buy-to-Let Market Posted By : PLCMarketing
Apart-hotels are becoming a significant trend in property investments in the Philippines according to PLC International Marketing Networks, key experts in this ever growing market place.
Subprime inflicts new damage as banks seek cash
LONDON (Reuters) - New evidence of damage wrought by the U.S. mortgage sector surfaced in the United States and Europe on Wednesday while banks demanded a record amount of cash at a euro zone money market auction.
Home loan demand slumps despite lower rates
NEW YORK (Reuters) - U.S. mortgage applications fell for a second consecutive week, reflecting a drop in demand for home purchase and refinancing loans even as interest rates sank, an industry group said on Wednesday.
Australian fund Basis Yield files for bankruptcy
NEW YORK (Reuters) - Basis Yield Alpha Fund, a hedge fund specializing in corporate and structured credit, on Wednesday filed for bankruptcy protection in the United States amid mounting losses from U.S. subprime mortgage assets, court papers show.
DaimlerChrysler mum on payout plans
FRANKFURT (Reuters) - DaimlerChrysler left investors guessing about plans to return excess cash to shareholders as the German carmaker reported second-quarter operating profits on Wednesday in line with market expectations.
Futures rise as bargains eyed
NEW YORK (Reuters) - Stock futures rose on Wednesday, helped by a pullback in the yen and a search for beaten-down shares, a day after Wall Street suffered its worst slide in three weeks.
PartyGaming still in talks to cut U.S. deal
LONDON (Reuters) - Online gambling firm PartyGaming Plc reported first-half earnings in line with previously lowered expectations and said it was still trying to cut a deal with U.S. authorities following a crackdown on gambling there.
CAMEC launches offer for Canada's Katanga
LONDON (Reuters) - London-listed Central African Mining & Exploration launched a formal offer for Katanga Mining Ltd on Wednesday, but Katanga Chief Executive Arthur Ditto said he was not interested.
Blackstone in talks to buy Wind stake: source
MILAN/LONDON (Reuters) - Private equity firm Blackstone Group is in talks to buy a minority stake in Italy's No. 2 fixed-line phone operator Wind, two years after it lost out in a bid battle for the company, a person familiar with the situation said on Wednesday.
Chrysler proposes shedding non-core assets: report
NEW YORK (Reuters) - Chrysler LLC has proposed shedding non-core assets in contract talks with the United Auto Workers, the Wall Street Journal reported in its online edition.
Nokia wades into new music, gaming services
LONDON (Reuters) - Nokia , the world's top mobile phone maker, unveiled on Wednesday a new online music store, new top-end handsets and a global gaming service as it takes on recent rival U.S. rival Apple .
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