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 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 Brussels since biotech firm Movetis floated at the end of 2009. "Given the underlying level of market volatility and the worsening of the stock market climate, Mediacite Shopping SA considers that the conditions to ensure a clear success for the offering are not met," it said in a statement issued late on Friday. More than 20 initial public offerings have been pulled in Europe in 2011 as investors demand big discounts to take a punt on new ...

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 ...
Treasury China keen on acquisitions SINGAPORE: Singapore-listed Treasury China Trust (TCT) is on the lookout for more property acquisitions in China, after making two purchases earlier this year and having several projects under development, its chief executive said. "We certainly have excess capacity in our platform to take on new opportunities and that's our focus over the next 12-18 months," CEO Richard David told the Reuters Global Real Estate and Infrastructure Summit on Tuesday. TCT, which is structured as a business trust, ...
Treasury China keen on acquisitions st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} SINGAPORE: Singapore-listed Treasury China Trust (TCT) is on the lookout for more property acquisitions in China, after making two purchases earlier this year and having several projects under development, its chief executive said. "We certainly have excess capacity in our platform to take on new opportunities and that's our focus over the next 12-18 months," CEO Richard David told the Reuters Global Real Estate ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln