Beijing's regulatory firestorm is hitting large swathes of China's economy, but global investors including Blackstone and Warburg Pincus are ramping up bets on Chinese rental properties, judging the political wind is blowing in their favour.
By Reuters Staff
March 3 (Reuters) - Norway’s sovereign fund said: NORWAY WEALTH FUND TO PUT KIRIN HOLDINGS LTD CO ON WATCH LIST FOR POSSIBLE DIVESTMENT DUE TO UNACCEPTABLE RISK THAT THE COMPANY CONTRIBUTES TO SERIOUS VIOLATIONS OF INDIVIDUALS’ RIGHTS IN SITUATIONS OF WAR OR CONFLICT -CENTRAL BANK NORWAY WEALTH FUND ALLOWED TO INVEST AGAIN IN ATAL SA/POLAND -CENTRAL BANK NORWAY WEALTH FUND TO CONDUCT ACTIVE OWNERSHIP DIALOGUE WITH THYSSENKRUPP AG OVER RISK THAT THE COMPANY CONTRIBUTES TO OR IS RESPONSIBLE FOR GROSS CORRUPTION -CENTRAL BANK Source text: bit.ly/2OhQivU (Reporting By Terje Solsvik)
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OSLO (Reuters) - The Norwegian central bank said on Wednesday it had put Japan’s Kirin Holdings on a watch list for possible exclusion from its $1.3 trillion sovereign wealth fund over the beverage giant’s business ties to Myanmar’s military.
FILE PHOTO: An employee works at a beer production line at Japanese brewer Kirin Holdings factory in Toride, Ibaraki Prefecture, Japan July 14, 2017. REUTERS/Kim Kyung-Noon
Kirin on Feb. 5 said it would end its partnership with Myanma Economic Holdings Public Company Limited (MEHPCL), a company run by Myanmar’s army, after a military coup deposed the democratically elected government.
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DUBLIN, Feb 26 (Reuters) - Irish housebuilder Glenveagh Properties said on Friday it is seeing huge demand for new homes, as data showed that mortgage approvals in Ireland rose in January despite the country being back in a strict COVID-19 lockdown.
Glenveagh, which chiefly builds homes in and around Dublin, reported an operating loss for 2020 of 12.7 million euros compared to a profit of 29.4 million euros a year earlier after building sites were shut due to COVID-19 restrictions during one of its usually most productive times of the year.
However, it said there has been a limited impact on housing demand as the pandemic has disproportionately hit younger, low income workers and led to a record spike in savings among those still working.
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(Reuters) - As freezing temperatures settled over Kansas City, Missouri, on Jan. 28, Judge Jack Grate opened his online courtroom. The first of 100 cases on his docket was that of Tonya Raynor, a 64-year-old who owed $2,790 in back rent and fees on an apartment on the city’s east side, a swath of vacant storefronts and boarded-up properties.
Members of KC Tenants, an anti-eviction group, maintain a blockade at the Eastern Jackson County Courthouse in Independence, Missouri, U.S. January 5, 2021. Carly Rosin/Handout via REUTERS
“Miss Raynor, are you there?” asked Grate, a burly 71-year-old sporting a beard, a buzz cut and a rumpled, orange short-sleeve shirt.