$400-million enterprise valuation: DP World and NIIF to buy Continental Warehousing

The platform that pipped PSA International of Singapore, the world's largest port operator, and Macquarie is buying 90% of the company while the Indian promoters will retain a 10% share. Private equity firms Warburg Pincus, Abraaj and IFC Washington together own 60% of the company while the
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The Kremlin's longest-serving leader since Soviet dictator Joseph Stalin got 73.9 percent to extend his presidency by six years to 2024, according to an exit poll by state-run VTsIOM. RIA Novosti reported that another poll by the state-linked Public Opinion Foundation gave 76.3 percent to Putin, who
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The awards programme aims to stimulate innovation in the real estate sector in alignment with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and his vision of encouraging further innovation to achieve a
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A new edition of Bloomberg Daybreak is now available on mobile and on the terminal. Check out DAYB or everything you need to know this morning, and customize your settings so you only get news on the industries and assets you care about. To unsubscribe, click on the Alert tab in DAYB.
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Every buyer goes through a “honeymoon” period when their monthly mortgage bond repayment seems a small price to pay for the pleasures of home ownership. But the romance can sour rapidly if that instalment becomes a burden. “And the problem is not going to go away by itself,” says Rudi Botha,
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Seacoast Banking Co. of Florida logo Zacks Investment Research cut shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) from a hold rating to a sell rating in a research report released on Wednesday morning. According to Zacks, “Seacoast Banking Corp of Florida is a bank holding company.
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“The key to economic prosperity at this juncture of economic expansion is to produce more new homes. That will help with job creation and reduce the swift price appreciation in several markets. “A total of 1.2 million homes were constructed last year, which was vastly inadequate,” Yun said. “Last month's
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Though the stars appear to be aligning for long-term success in the senior housing industry, near-term headwinds continue to present challenges in employee hiring and retention. “The combination of a strong economy and consumer confidence and a pretty good stock market and home prices that have
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The firm also provides lending, depository, and related financial services, such as commercial real estate mortgage loans, short and medium-term loans, revolving credit arrangements, lines of credit, inventory and accounts receivable financing, real estate-construction loans, business savings accounts,
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“Given the market conditions, there are no incentives for (developers) to build right now. People are hanging on to things longer and waiting for the market to change before coming in with applications, which we don't have a lot of control over.” Sabatini added that Simi Valley's upcoming housing plans
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FRANKFURT, Germany, March 18, 2018 /PRNewswire/ — On March 18, Foshan Electrical & Lighting Company Limited (FSL) showed at the Frankfurt Light + Building Exhibition in Germany (Frankfurt … At present, they have passed the US ESV2.0, DOE, JA8, JA10, CEC Title 20 and Title 24 certifications.
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Ellington Financial LLC is a specialty finance company that acquires and manages mortgage-related and other financial assets. The Company's targeted assets include residential mortgage-backed securities (RMBS), backed by loans for which the principal and interest payments are not guaranteed by
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The rapid evolution of crypto-assets such as Bitcoin may one day make them a threat to the financial system, Mark Carney, chairman of the Financial Stability Board, said in a letter to Group of 20 finance leaders. “Wider use and greater interconnectedness could, if it occurred without material
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CACI International Inc. has bid about $7.2 billion for information-technology company CSRA Inc., an offer designed to keep CSRA from tying up with defense giant General Dynamics Corp., the Wall Street Journal reported. CACI's offer is $44 in cash and stock for each CSRA share, exceeding the $40.75
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iShares US Real Estate ETF logo Laurel Wealth Advisors Inc. bought a new stake in shares of iShares US Real Estate ETF (NYSEARCA:IYR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,490 shares of
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A competitive rate is most important however the terms of the mortgage should also influence the suitability of a mortgage for you. The terms of your mortgage should offer the utmost in options as well as protection should an unforeseeable occur during the term. We are all looking for the best rate but
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This October 1944 photo shows women assembling TCS radios for the U.S. Navy at Collins Radio Co. in Cedar Rapids. Collins hired its first women production workers in February 1942 during World War II. This photo was part of a 2001 display at The History Center. (Collins Radio Co. photo) This
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Latvia has vowed to overhaul its offshore banking system and drastically reduce foreign deposits as it tries to appease US and European regulators following accusations of money laundering and breaching sanctions against North Korea. The country's finance minister and its main regulator told the
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The Kushner Cos. reportedly filed false paperwork with New York City officials regarding the apartment buildings it owned. The company bought three apartment buildings in a gentrifying neighborhood of Queens in 2015. Most of the tenants were protected by special rules that prevent developers from
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Fortune India spoke to Yamini Mehta, international head of modern and contemporary South Asian Art, Sotheby's, about the auction, and the relevance of Indian artists. Edited excerpts from the interview: Tell us about SH Raza's-Ville Provençale? It's a seminal work for Raza not just in terms of his life and
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