Gain streak makes U.S. REITs preferred over Canadian real estate

Windsor Genova – Fourth Estate Cooperative Contributor Toronto, ON, Canada (4E) – Canadian portfolio managers are recommending a buy for U.S. real estate investment trusts (REITs) with its five-year consecutive gains than Canadian real estate with high risk. Tom...
Posted On 30 Jul 2014
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Euro zone business confidence index jumps to 102.2 in July

Nathan Andrada – Fourth Estate Cooperative Contributor Brussels, Belgium (4E) – Business confidence in the euro zone remained positive despite growing tensions between the European Union and Russia over the crisis in Ukraine, although there was a sharp decline in...
Posted On 30 Jul 2014
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South Korea industrial output climbs 2.9 percent in June as demand improves

Nathan Andrada – Fourth Estate Cooperative Contributor Seoul, South Korea (4E) – Industrial output in South Korea bounced back in June following a two-month drop, led by production of mobile devices and semiconductors, according to official data released Wednesday....
Posted On 30 Jul 2014
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Japan industrial output down 3.3 percent in June; falls short of estimates

Nathan Andrada – Fourth Estate Cooperative Contributor Tokyo, Japan (4E) – Japanese industrial output fell 3.3 percent in June from the previous month, according to the Ministry of Economy, Trade and Industry (METI) report released Wednesday. The figure was well below...
Posted On 29 Jul 2014
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South Africa unemployment surges to 25.5 percent to record 5.2 million

Nathan Andrada – Fourth Estate Cooperative Contributor Johannesburg, South Africa (4E) – The unemployment rate in South Africa climbed to 25.5 percent in the second quarter as strikes hit the country’s slow-growing economy, according to official data released...
Posted On 29 Jul 2014
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Australia new home sales up 1.2 percent in June on stronger multi-unit sales

Nathan Andrada – Fourth Estate Cooperative Contributor Canberra, Australia (4E) – Sales of new homes in Australia climbed in June as sales of multi-unit buildings increased, according to data from the Housing Industry Association (HIA) released Tuesday. Total home...
Posted On 29 Jul 2014
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Japan retail sales down 0.6 percent in June; missed estimates

Nathan Andrada – Fourth Estate Cooperative Contributor Tokyo, Japan (4E) – Retail sales in Japan declined 0.6 percent to 11.351tn yen in June from the previous year, according to the Ministry of Economy, Trade and Industry report released on Tuesday. The figure was...
Posted On 28 Jul 2014
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Italy manufacturing business confidence drops in July to 99.7

Nathan Andrada – Fourth Estate Cooperative Contributor Rome, Italy (4E) – Manufacturing business confidence in Italy declined for the second straight month in July, hit by a falling outlook for orders, according to a report by statistics institute Istat released...
Posted On 28 Jul 2014
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Average Gas Prices Fall 3.7 Cents in PA

PENNSYLVANIA – Average retail gasoline prices in Pennsylvania have fallen 3.7 cents per gallon in the past week, averaging $3.64 per gallon yesterday, according to GasBuddy’s daily survey of 5,269 gas outlets in Pennsylvania. This compares with the national average...
Posted On 28 Jul 2014

Cerberus Global Investors buys NAB’s property portfolio for $1.13B

Nathan Andrada – Fourth Estate Cooperative Contributor Sydney, Australia (4E) – An affiliate of New York-based buyout firm Cerberus Global Investors has agreed to buy for 625mn British pounds ($1.13bn) a parcel of distressed loans in National Australia Bank’s UK...
Posted On 28 Jul 2014
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