China’s ongoing battle
China’s biggest state-owned banks are selling dollars in attempt to slow yuan’s rapid depreciation, according to Reuters. Also an easing of cross-border financing rules was announced, making it easier for…
CRE Dominos Fall: Starwood Defaults On $212.4 Million Atlanta Office Tower
Starwood Capital Group has defaulted on a $212.5 million mortgage backed by an office building in Sandy Springs, an ultra-wealthy suburb in northern Fulton County, Georgia, just above Atlanta. The…
Europe still cannot go without Russian gas, IEA warns
The European Union has sufficient gas reserves for the winter but could face a shortage next year if Russia cuts supplies further, Reuters reported, citing a fresh report by the…