News Snapshot:
China’s PBOC Cuts Rates as Economy Staggers and More Asia Real Estate Headlines Disappointing data on China’s economy prompted some of today’s biggest headlines, with the mainland’s central bank moving quickly to cut rates at same time that JP Morgan analysts are predicting more gloom for developers. Also in the news, an SGX-listed REIT of mainland retail properties halts distributions after losing money in the first half of the year and Singapore’s Straits Trading is preparing to share the benefits from the sale of its interest in ARA Asset Management to ESR. Disappointing July Data Prompts Unexpected China Rate Cut...
