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US April home prices dip NEW YORK: U.S. single-family home prices dipped modestly in April, pointing to signs of stabilization in the battered housing market at the start of the spring buying season, a closely watched survey said on Tuesday. ALAN LEVENSON, CHIEF ECONOMIST, T. ROWE PRICE, BALITMORE, MD "It rose by a tenth of a percent more than had been anticipated, which to me is not that significant. April is a month when house prices often rise. For those looking for a bottom in house price this is good news. They may latch onto this as an early indication." "Everybody is more focused on Greece today and the bailout. I think markets do watch these numbers, and again, the survey I'm looking at had expected a decline month-to-month index, so other things equal it's not that bad." PETER BOOCKVAR, EQUITY STRATEGIST, MILLER TABAK + CO. NEW YORK "There still remains no end in sight to the price drops in housing ...

Singapore, Malaysian state investors to develop $9.86bn projects SINGAPORE: State investment firms, Singapore's Temasek and Malaysia's Khazanah, will jointly develop $9.86 billion worth of real estate projects in the two countries, the two said late on Monday. A 60:40 joint venture between Khazanah and Temasek will develop S$11 billion 8.88 billion) worth of projects in six land parcels near Singapore's central business district, the statement said. The projects will have office, residential, hotel and retail components. A unit of UEM Land Holdings Berhad, a ...
 Wilhelm & Co IPO cancelled BRUSSELS: Belgian property group Wilhelm & Co has cancelled the flotation of a shopping centre, pouring cold water on hopes of a recovery in the market for initial public offerings (IPOs) in the country. The company abandoned the up-to-196 million euros ($277.4 million) flotation of real estate certificates linked to Mediacite, a 45,313 square metre shopping centre in the Liege region in the east of Belgium, blaming market volatility. It would have been the biggest IPO in ...
Risk retention crucial to US housing reform: Treasury WASHINGTON: US regulators want to ensure mortgage lenders retain some of the risk on loans they originate, as it is crucial to strengthen the US housing finance system, a top Treasury official said on Friday. "We are committed to implementing risk retention reforms in a thoughtful manner that ensures continued access to sustainable mortgage credit for low- and moderate-income borrowers and protects the health of the still-fragile housing market," Treasury under Secretary Jeffrey Goldstein said in ...
MGPA sees $1bn in office property SINGAPORE: Property investment firm MGPA has a warchest of more than $1 billion to invest in new Asian and European property and sees Tokyo offices as one of its top picks, Group CEO Simon Treacy said on Wednesday. But the firm, 56 percent owned by Australia's Macquarie , is wary of Hong Kong where it believes the office property market is set for a major correction as China's economy slows and US interest rates begin to ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln