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Canada's Manulife shelves Singapore REIT IPO: IFR

SINGAPORE (Reuters) – Canada’s Manulife Financial Corp has shelved its plan to raise $421 million through a Singapore listing of a real estate investment trust (REIT) backed by three U.S. office properties, IFR reported on Monday. The IPO is likely to be re-launched when market conditions improve but no time-frame has been fixed, IFR cited a source close to the transaction as saying. The books for the IPO were scheduled

Canada's Manulife shelves Singapore REIT IPO: IFR

SINGAPORE (Reuters) – Canada’s Manulife Financial Corp has shelved its plan to raise $421 million through a Singapore listing of a real estate investment trust (REIT) backed by three U.S. office properties, IFR reported on Monday. The IPO is likely to be re-launched when market conditions improve but no time-frame has been fixed, IFR cited a source close to the transaction as saying. The books for the IPO were scheduled

Zeroing in on empty homes, China throws developers a lifeline

Dismayed by the millions of unsold homes in China’s troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing.    Like a white knight riding to the rescue of distressed developers, a handful of local governments are snapping up thousands of empty homes at hefty discounts and re-selling them to the country’s poorest households.     This

The PC Gamer: How Batman: Arkham Knight is saving PC gaming

Introduction Here’s something to be happy about if you’re a PC gamer – while everyone else now has a couple of months of gaming wasteland to look forward to, we’ve still got Arkham Knight! It’s not much solace after one of the worst launches since Frontier: First Encounters launched without support for the SoundBlaster and Pool of Radiance: Ruins of Myth Draenor’s uninstaller decided to take most of Windows out