Buy-to-let: professional investors cash in on the credit crunch
Summary from multiple countries, from articles in English
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Carrefour, the world's second largest retailer after Wal-Mart of the US, tumbled 8.6 per cent to €31.50, its lowest in five years, after sales at its French hypermarkets fell 2.4 per cent in the second quarter. (article 3)
The FTSE Eurofirst 300 fell 2.1 per cent to 1,156.98 erasing all of Wednesday's gains, with the CAC 40 in Paris down 2.5 per cent to 4,231.56 and Frankfurt's Xetra Dax shedding 1.3 per cent to 6,305. (article 3)
China's trade surplus fell by 20 per cent in June over the same month last year in a sign that the weaker global economy is having a serious impact on the country's export sector. (article 7)
DBS dropped 0.8 per cent to S$18.68, OCBC fell 0.9 per cent to S$8 and UOB declined 0.2 per cent to S$18.50. (article 5)
The chief executive of Savills forecast house prices in London to fall 25 per cent by the end of next year, while the effect of the credit squeeze on property was now spreading across Europe and into Asia. (article 2)
The comments by Jeremy Helsby, which accompanied a gloomy trading update from the international property group, prompted cuts in profit forecasts and a 10 per cent fall in its share price. (article 2)
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Other summaries about this story:
Event tracking:
Story keywords
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cent, Property, Investors, €, fell |
Source articles
- Buy-to-let: professional investors cash in on the credit crunch (property.timesonline.co.uk, 07/10/2008, 1146 words)
- Property squeeze spreads to Europe, says Savills (ft.com, 07/08/2008, 376 words)
- Retail slowdown hits European stocks (ft.com, 07/10/2008, 571 words)
- Footsie slips closer to bear territory (ft.com, 07/10/2008, 706 words)
- Singapore and Japan feel the squeeze (ft.com, 07/10/2008, 559 words)
- Shekel drops back from near record (ft.com, 07/10/2008, 453 words)
- China’s trade surplus shrinks (ft.com, 07/10/2008, 496 words)
- Wal-Mart’s sales provide bright spot (ft.com, 07/10/2008, 397 words)
- Experian sees no short-term recovery (ft.com, 07/10/2008, 349 words)
- Conventional TV income drops while pay, specialty revenues rise: StatsCan (cbc.ca, 07/08/2008, 180 words)
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