The manager of the $58 billion Templeton Global Bond Fund reported a worse-than-expected 44 percent drop in profit as the slump in emerging markets and energy eroded assets and prompted record...
Art loans have been traditionally dominated by auction houses and banks, but record prices for art and a surge in wealth among the world’s richest are attracting new players.
The private equity firm’s acquisition of Manhattan’s largest apartment complex, Stuyvesant Town-Peter Cooper Village, catapults it to the top ranks of New York residential landlords.
The global recession that followed the financial crisis was the most severe in half a century, yet the response by policy makers hasn’t been up to the task, says IMF.
Buying a home should be getting easier for millennials amid sustained gains in U.S. hiring. Instead, increased demand for a scarce supply of starter homes is pushing prices beyond their grasp.
