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Reuters, Article
23:30

Cerberus closes German property deal

FRANKFURT (Reuters) – Private equity investor Cerberus [CBS.UL] has agreed to acquire roughly 22,000 German flats from insolvent Speymill Deutsche Immobilien (SDIC).

As part of the deal, Cerberus is restructuring 985 million
euros ($1.25 billion) in SDIC’s debt and will inject an
undisclosed sum of fresh capital, the administrator and the
private equity investor said in a joint statement on Wednesday.

International investors, including private equity, are
flocking to the German property market, attrac…

Reuters, Article
06:46

ANALYSIS: Euro twilight zone beckons for Greece

By Mike Dolan

LONDON (Reuters) – Speculation about an endgame in Greece’s protracted crisis has flooded markets with euro exit scenarios this week, but investors reckon there’s still every chance that uncertainty will s…

Reuters, Article
04:21

India's Unitech Q4 profit plummets as sales slump

MUMBAI (Reuters) – Unitech Ltd (UNTE.NS: Quote, Profile, Research) , India’s No.3 real estate developer by market value, said its quarterly profit slumped 98 percent because of high borrowing costs and a…

Reuters, Economics
02:31

UPDATE 2-Japan's Q1 economic rebound led by consumer spending

By Rie Ishiguro and Leika Kihara

TOKYO (Reuters) – Japan’s economy bounced back from a year-end lull in the first quarter, powering ahead of other major industrial nations thanks to rebuilding of the tsunami-bat…

Reuters, Economics
18:21

INTERVIEW-Oil price still serious risk to global recovery-IEA

By Muriel Boselli

PARIS (Reuters) – Oil prices remain a threat to the fragile global economic recovery despite a recent fall, the International Energy Agency’s chief economist said on Wednesday, adding the IEA r…

Reuters, Economics
17:41

German immigration soars; Greek arrivals double

BERLIN (Reuters) – Immigration shot up in Germany last year to its highest level in 16 years as people from crisis-stricken countries like Greece and Spain flocked from Europe’s peripheries to its economic power …

Reuters, Economics
15:51

UPDATE 2-Euro crisis leaves door open for more BoE easing

By David Milliken and Fiona Shaikh

LONDON (Reuters) – The escalating danger from the neighbouring euro zone debt crisis prompted the Bank of England on Wednesday to keep alive the prospect of more help for an ai…