Posts From King World News

RioCan to buy 22 properties from Kimco; ends joint venture

(Reuters) – Canada’s RioCan Real Estate Investment Trust will end a joint venture with Kimco Realty Corp and buy its stake in 22 Canadian properties for C$715 million ($533.66 million). The 15-year-old joint venture managed 35 properties in Canada, including three that were previously occupied by Target Corp, the companies said in a joint statement. The two companies plan to sell 10 properties as part of the plan to end

India to 'hike green energy targets' to combat climate change

India promises to hike renewable energy targets to reduce its greenhouse gas emissions, in long-awaited pledges to be announced next week for upcoming UN climate change talks, a newspaper report said Thursday. India, a major CO2 polluter, will increase solar and wind energy capacity but it’s unclear whether it will commit to a timeline for reducing its overall carbon emissions blamed for climate change, the report said. India will aim

Panama's top court approves two new probes against ex-president Martinelli

[Reuters] – Panama’s Supreme Court on Wednesday approved two new investigations against ex-president Ricardo Martinelli, adding to a growing list of corruption probes targeting the former president. In one of the new cases, Panama’s stock market regulator asked for an investigation into whether Martinelli, through the brokerage firm Financial Pacific, was insider trading on shares of Canadian miner Petaquilla. The other investigation is related to an existing case, alleging that