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ew zealand urges reserve bank to support community housing financing
New Zealand's government is urging the Reserve Bank to reassess its rules that may hinder community housing providers from securing financing at favorable rates. Housing Minister Chris Bishop announced that the Minister of Finance will emphasize prioritizing the treatment of these providers in the ongoing review of standardized risk weights.
bloomberg.com
Reserve Bank OF NEW Zealand BANK NZL Chris Bishop
Finance & Economy, Press Release
23:17 25.11.2024
l green to acquire office condo at 500 park avenue for 130 million
SL Green Realty Corp. is set to acquire the office portion of 500 Park Avenue in Manhattan from Morgan Stanley for approximately $130 million. The 11-story condo, which spans 201,411 square feet, includes office and retail space and is adjacent to a residential tower.
bloomberg.com
United States Dollar Morgan Stanley PepsiCo, Inc. SL Green Realty Corp. USA Show more
Finance & Economy, Market Report
22:41 25.11.2024
an francisco mayor elect daniel lurie enlists tech leaders for city overhaul
San Francisco Mayor-elect Daniel Lurie is assembling a transition team that includes tech leaders like OpenAI's Sam Altman to revitalize the city’s image and economy. Lurie plans to address the fentanyl crisis, enhance public safety, and attract diverse businesses while promoting affordable housing. He aims to restore San Francisco as a premier business hub, emphasizing a compassionate approach to homelessness and mental health.
CNBC
Visa Inc. Salesforce, Inc. USA London Breed Sam Altman Daniel Lurie Ned Segal Nathan Hochman Sheng Thao Gavin Newsom Donald Trump Jamie Dimon Pamela Price Show more
Finance & Economy, News Article
22:15 25.11.2024
endowments and foundations drive growth in the ocio industry to 4.2 trillion
The OCIO industry is projected to grow to $4.2 trillion by 2028, driven primarily by endowments and foundations, which are expected to see 11.3% annual growth in assets managed by OCIO providers. Nonprofits are increasingly outsourcing investment management due to the complexity of alternative investments and the high costs of in-house CIOs. Additionally, consolidation within the industry and decreasing advisory fees are making outsourcing more appealing, fostering a "safety in numbers" mentality among nonprofits.
Institutional Investor
Mercer NEPC Vanguard Hightower Brad Alford Show more
Finance & Economy, Market Report
20:28 25.11.2024
the enduring allure of rolex daytona in the luxury watch market
The Rolex Cosmograph Daytona, launched in 1963, remains a cult icon among collectors, with its value soaring after Paul Newman’s model sold for $17.8 million in 2017. Despite market fluctuations, Rolex's resale prices have risen significantly, driven by its blend of rarity, craftsmanship, and cultural significance. The brand's recent entry into the certified pre-owned market further solidifies its appeal, ensuring that the Daytona continues to captivate both seasoned and new collectors alike.
@FinancialTimes
United States Dollar Euro British Pound Sterling Rolex Bob’s Watches Chrono24 Bucherer Zenith Morgan Stanley LuxeConsult Phillips 66 Victoria Beckham Jay-Z Andrew Shear John Mayer Paul C. Boutros Paul Altieri Show more
Finance & Economy, Market Report
18:00 25.11.2024
classic cars auction to raise over 100 million for museum
Two iconic classic cars will be auctioned in February to benefit the Indianapolis Motor Speedway Museum, with total sales expected to exceed $100 million. A 1954 Mercedes-Benz W196 R Streamliner, valued at $50 million, will be auctioned on Feb. 1 in Stuttgart, while a 1965 Ferrari 250 LM, estimated at $30 million, will be sold on Feb. 5 in Paris.
Bloomberg.com
RM Sotheby’s Ferrari N.V. Mercedes-Benz Group AG DEU FRA Show more
Finance & Economy, Market Report
15:00 25.11.2024
private colleges reduce tuition significantly to remain competitive
Bethel University in St. Paul, Minnesota, has announced a significant reduction in tuition for the upcoming academic year, dropping from $44,050 to approximately $25,990. This drastic cut reflects a broader trend among private colleges seeking to remain financially viable in a competitive educational landscape.
bloomberg.com
United States Dollar Bethel University USA
Finance & Economy, News Article
15:00 25.11.2024
Texas landowner sees stock surge amid AI industry boom
A Texas landowner has experienced a remarkable 230% stock rally, driven by the surge in artificial intelligence investments. This boom has created a dynamic and unpredictable market environment reminiscent of the Wild West, highlighting the transformative impact of AI on various sectors.
Bloomberg.com
AI Boom USA
Finance & Economy, Market Report
14:00 25.11.2024
Mango plans significant US expansion with 60 new stores by 2025
Spanish retailer Mango plans to open 60 new stores in the U.S. as part of a $70 million expansion to elevate its brand image and shed its fast-fashion label. The company aims to grow its U.S. sales significantly, with a focus on larger stores and a logistics center near Los Angeles, creating around 600 jobs. Mango's strategy includes a commitment to in-house design and a tailored approach to different U.S. markets, reflecting its ambition to increase annual sales from 3.1 billion euros to 4 billion euros by 2026.
CNBC
United States Dollar Euro Mango USA ESP Toni Ruiz
Finance & Economy, Market Report
14:00 25.11.2024
adani scandal raises questions about political ties and implications for modi
The Adani scandal poses a significant challenge for Prime Minister Narendra Modi, as Gautam Adani, one of India's wealthiest individuals, faces bribery charges that could have serious political implications. Meanwhile, China's property crisis has resulted in an astonishing number of unoccupied new homes. Additionally, the popularity of Jordan Peterson, known for his contrarian views, continues to intrigue many.
The Economist
Adani Group IND CHN JOR Show more
Finance & Economy, News Article
13:15 25.11.2024
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