Live update: Watch a press conference with ECB President Mario Draghi now. At midday, Reuters reports EU and global stocks edging up in anticipation of an upcoming ECB Meeting. In about an hour the bank is expected to announce several key decisions impacting other world markets.
ECB Decision or Non-decision: On the Economic World’s Mind Now [Live Video Update]
Four Springs Capital Trust Acquires Four Properties
Four Springs Capital Trust announced yesterday having acquired four more properties to their portfolio. According to the press a Family Dollar store in Wichita, Kansas, another in Keene, Texas, still another in Tyler, and O’Charley’s restaurant in North Carolina were purchased for $5.7 million.
Tata Group to Invest Billions: New CEO Proclaims New Thrust
According to news from the Wall Street Journal this morning, the new Chairman of mega conglomerate Tata Group announced in a letter to employees his company’s intentions to invest some $8.3 billion over the next two years. According to the report by Santanu Choudhury, the investments will be broadly dispersed across Asia, Latin America, Africa, and Latin America.
Real Estate Investing in Belize
Belize is continuing to grow as a popular place for real estate investment. Tourism is a major component of the economy of this English-speaking former British colony, and property, in the right places, can be a great investment. Anyone who has visited Belize can see why Belize real estate would be a smart move—the country’s Caribbean flair, relaxed atmosphere, and clear blue waters attract adventure travelers and resort tourists alike — especially those interested in checking out a lesser-known locale.
Hammerson and Other Commercial Investors in the Soup
In real estate news from the UK, shopping center owners Hammerson has reported a profit for the first half of this year. The third largest real estate trust in the UK, Hammerson owns or is partners in some of Europe’s most visible shopping centers. With many retailers going under, Hammerson’s more than 5 percent asset increase is a bit of good news – but is it?