Thursday 10 July 2008

REITs dive after housebuilder capital warning (Reuters via Yahoo! UK & Ireland News)



Commercial property shares slumped to a four-year low on Tuesday after cash-strapped housebuilder Taylor Wimpey said it had failed to raise the extra capital it needed.

Fed not fretting over funds - Globe and Mail

Fed not fretting over funds
Globe and Mail, Canada - 20 hours ago
WASHINGTON -- Hedge funds haven't threatened the stability of the $58-trillion (US) market for credit-default swaps, a Federal Reserve official said ...


Axe hangs over 60,000 UK building jobs - Financial Times
The crisis afflicting Britain’s housebuilders is set to add tens of thousands to the unemployment count over the next few months, senior industry figures warned on Thursday, amid deepening gloom in the property sector. As alarm bells were ringing ...

'Funds of Funds' Tax Loophole Closes - Wall Street Journal

'Funds of Funds' Tax Loophole Closes
Wall Street Journal - 22 hours ago
By ARDEN DALE A recent ruling by the Internal Revenue Service makes it clear that management fees on so-called funds of funds, which invest in hedge funds, ...


house building crisis: Q&A - Daily Telegraph
As the house building industry claims it is suffering from its worst period since the Second World War, Harry Wallop explains what's at stake and how it go so bad. A. Work has almost completely dried up. house builders, fearful that they will not be ...

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