The following are the top stories on the business pages of British newspapers. The Times. Former British Prime Minister Boris Johnson has told his local Conservative association that he will fight the next election to remain an MP.
* MOODY'S SAYS RISKS TO CHINA'S FINANCIAL SYSTEM TO RISE AS PROPERTY DOWNTURN PERSISTS AND BUFFERS WEAKEN. * MOODY'S SAYS DESPITE THE BANKING SYSTEM'S OVERALL STRENGTH, SMALLER BANKS ARE MOST VULNERABLE TO RISING RISKS FROM THE PROPERTY SECTOR IN CHINA. * MOODY'S- WEAKNESS IN CHINA'S PROPERTY SECTOR HAS LED TO MOODY'S DOWNWARD REVISION OF THE COUNTRY'S GDP GROWTH FORECASTS FOR 2022 AND 2023.
Park Hotels & Resorts Inc. (PK) today announced that it has successfully amended and restated its existing $901 million revolving credit facility to increase total capacity to $950 million, extend the maturity from December 2023 to December 2026, and release all collateral securing the credit facility consisting of pledges of equity interests in Park-affiliated entities owning certain unencumbered a...
Opendoor Technologies Inc (OPEN): * OPENDOOR APPOINTS CFO CARRIE WHEELER AS CEO; CO-FOUNDER AND CEO ERIC WU TRANSITIONS TO NEW ROLE AS PRESIDENT, MARKETPLACE. * HAS EXPANDED SIZE OF ITS BOARD TO NINE DIRECTORS. * CHRISTY SCHWARTZ HAS BEEN NAMED INTERIM CHIEF FINANCIAL OFFICER. * COMPANY HAS INITIATED A SEARCH FOR A PERMANENT CFO Source text for Eikon: Further company coverage:
Nexus Industrial REIT: * NEXUS INDUSTRIAL REIT ANNOUNCES $75 MILLION PUBLIC OFFERING OF TRUST UNITS AND $173 MILLION OF ACQUISITIONS Source text for Eikon: Further company coverage:
Opendoor Technologies Inc. (OPEN), a leading e-commerce platform for residential real estate transactions, today announced changes to the executive leadership team and Board of Directors, including the appointment of Chief Financial Officer Carrie Wheeler as Chief Executive Officer and the transition of Eric Wu to a new role as President, Marketplace, effective immediately.
The new site adds to its capacity in China & US to provide end-to-end process development and global manufacturing services for advanced therapies HANGZHOU, China, Dec. 1, 2022 /PRNewswire/ -- Innoforce, a global provider of end-to-end contract development and manufacturing services, today announced that it commenced GMP manufacturing at its new site in Hangzhou, China.
Undeveloped land includes construction rights for a casino LAS VEGAS, Dec. 1, 2022 Pacific Oak Strategic Opportunity REIT, Inc. announced today the completed sale of 67 acres of undeveloped land within North Las Vegas' Villages at Tule Springs master planned community. Pacific Oak Strategic Opportunity REIT acquired 1,670 acres in what was originally known as Park Highlands East.
Mortgage applications and Redfins demand index are up as mortgage rates continue to come down. Homebuying demand has started ticking up as mortgage rates continue their steady decline, according to a new report from Redfin, the technology-powered real estate brokerage. Daily rates dipped to 6.29% on December 1, down one full percentage point from a peak of 7.29%, hit one month earlier.
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