Gaming and Leisure Properties (GLPI): * GAMING AND LEISURE PROPERTIES TO ACQUIRE REAL PROPERTY ASSETS OF BALLY'S TWO RHODE ISLAND ASSETS FOR $1.0 BILLION. * GAMING AND LEISURE PROPERTIES INC (GLPI) - TRANSACTION TO BE COMPLETED AT 7.6% CAPITALIZATION RATE. * GAMING AND LEISURE PROPERTIES INC (GLPI) - EXPECTS TRANSACTION TO BE ACCRETIVE TO EARNINGS UPON CLOSING IN LATE 2022.
Bally's Corp: * PRESS RELEASE - BALLY'S AGREES TO SELL REAL PROPERTY ASSETS OF TWO RHODE ISLAND PROPERTIES TO GAMING AND LEISURE PROPERTIES FOR $1 BILLION. * BALLY'S CORP - IN ADDITION, BALLY'S WILL PAY A $9 MILLION TRANSACTION FEE AT CLOSING.
Canada's financial regulator said on Tuesday it would tighten rules for riskier home loan products, in a bid to address concern over high levels of mortgage debt driven by record-low interest rates during the pandemic.
* Consumer confidence index falls 4.5 points to 98.7 in June. * Goods trade deficit falls 2.2% to $104.3 bln in May. * Exports increase 1.2%; imports dip 0.1% * Wholesale inventories rise 2.0; retail stocks up 1.1% * House prices increase in April, but pace slowing. By Lucia Mutikani.
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to its lowest in more than two months on Tuesday amid a fall in rates across segments. * The overall index, factoring rates for capesize, panamax, and supramax shipping vessels, fell 91 points, or almost 4%, to 2,204 points, its lowest since April 20.
U.S. consumer confidence dropped to a 16-month low in June as worries about high inflation left consumers to anticipate that the economy would slow significantly or even slide into recession in the second half of the year.
The following are the top stories from selected Canadian newspapers. THE GLOBE AND MAIL. - Toronto-based investment bank Origin Merchant Partners is expanding into the U.S. market by acquiring Chicago-based InterOcean Advisors, creating a firm with more than 40 bankers in five cities. https://tgam.ca/3bza1m5.
The Asia ex-Japan determinations committee said on Tuesday that a "failure to pay" credit event had occurred on Chinese developer firm Shimao Group Holdings Ltd (SIOPF), according to a statement on its website. The ruling forms the first step for a potential payout on credit default swaps issued on Shimao's (SIOPF) bonds.
The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in Britain, adding to a shortage of supply that has helped drive up house prices in prime locations, real estate sources say.
Hong Kong private home prices eased in May after a short-lived bounce, latest official data showed on Tuesday, as potential homebuyers turned wary over higher borrowing costs. Home prices last month slipped 0.3% from a month earlier, according to official data, compared with a revised 1% rise in April.
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