Overview shows traders work on the trading floor of the Frankfurt stock exchange October 16, 2008. (Alex Grimm/Reuters)

Merrill 3Q loss widens on mortgage-related charges (AP)

19:15 16.10.2008

AP - Merrill Lynch says it third-quarter loss widened as it took more than $12 billion in charges from the sale of mortgage-related investments and fallout from the continued credit crisis.

Real Estate News

Swiss government injects six billion francs into UBS (AFP)

Swiss government injects six billion francs into UBS (AFP)

19:15 16.10.2008

AFP - The Swiss government injected six billion francs into banking giant UBS on Thursday, and the central bank lent it 54 billion dollars to transfer its non-liquid assets into a separate fund.

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Residential property news and information

Upticks in Home Starts, Inflation Are Seen as an Aberration

Upticks in Home Starts, Inflation Are Seen as an Aberration

11:00 22.01.2007

Builders broke ground on more homes in December, but economists say that the real-estate market has yet to reach bottom. While housing starts were up 4.5% from November, they were down 18% for the year.

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Commercial property news and information

London's Office Envy In Mayfair District

London's Office Envy In Mayfair District

12:15 15.01.2007

Hedge funds are proliferating in the city sending rents skyrocketing and vacancy rates plunging. Occupancy costs are well ahead of Tokyo's Inner Central district, which had long been considered the world's most pricey real-estate market.

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