A bad omen? Emerging markets ‘most crowded trade’ for first time

A bad omen? Emerging markets ‘most crowded trade’ for first time
LONDON (Reuters) – Investors made a U-turn on emerging markets, naming them the most crowded trade, in Bank of America Merrill Lynch’s survey for the first time in its history. A view shows a Russian one rouble coin in this picture illustration taken October 26, 2018. REUTERS/Maxim Shemetov This marked a big reversal from last month, when fund managers said... Read More

Citigroup sees Saudi, UAE as top Mideast markets for deals this year: executive

Citigroup sees Saudi, UAE as top Mideast markets for deals this year: executive
ABU DHABI (Reuters) – Citigroup expects the majority of investment banking opportunities in the Middle East to come from Saudi Arabia and the United Arab Emirates this year, said Miguel Azevedo, Citigroup’s head of investment banking, Middle East and Africa. FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20,... Read More

Exclusive: Russia expects to recover far less from ‘bad bank’ assets – sources

Exclusive: Russia expects to recover far less from ‘bad bank’ assets – sources
MOSCOW (Reuters) – Russia will dramatically cut its estimate of the sum it expects to recover from a “bad bank” set up after the collapse of three major lenders, according to three sources familiar with new calculations being prepared for the central bank. A view shows a Russian one rouble coin in this picture illustration taken October 26, 2018. REUTERS/Maxim... Read More

Qatar revamps investment strategy after Kushner building bailout

Qatar revamps investment strategy after Kushner building bailout
LONDON/NEW YORK/DUBAI (Reuters) – When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump’s son-in-law, eyebrows were raised in Doha. FILE PHOTO: U.S. President Donald Trump, flanked by White House senior advisor Jared Kushner, meets with Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman at the... Read More

Crypto bear market threatens to last as potential token supply weighs

Crypto bear market threatens to last as potential token supply weighs
NEW YORK (Reuters) – Cryptocurrencies may be facing a prolonged bear market. FILE PHOTO: Bitcoin.com buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar/File Photo Companies that issued tokens, or digital currencies, over the last two years through initial coin offerings (ICOs) may... Read More

Seeking an edge, U.S. landlords turn to tenant experience apps

Seeking an edge, U.S. landlords turn to tenant experience apps
NEW YORK (Reuters) – The firm that sold Chelsea Market to Google for $2.4 billion has joined three large brokerages, among others, to back software designed to meet the growing demands of a millennial workforce that is changing how office space is leased and managed. Gabrielle McMillan, chief executive of Equiem, poses in New City, New York, U.S., January, 15,... Read More

New York Grand Hyatt, Trump’s first big project, faces demolition

New York Grand Hyatt, Trump’s first big project, faces demolition
NEW YORK (Reuters) – A New York developer and a partner plan to demolish the Grand Hyatt New York, the hotel that launched U.S. President Donald Trump’s real estate career in Manhattan decades ago, the two companies said on Thursday. FILE PHOTO: The Chrysler building is reflected in the Grand Hyatt Hotel building in the Manhattan borough New York May... Read More