Trump’s stimulus proposal draws opposition from congressional Democrats and Republicans

© Reuters. FILE PHOTO: House Speaker Nancy Pelosi introduces legislation to create 25th Amendment commission during news conference on Capitol Hill in Washington By David Morgan and Jan Wolfe WASHINGTON (Reuters) – A new $ 1.8 trillion economic stimulus proposal from the Trump administration drew criticism from congressional Democrats and Republicans on Saturday, diminishing hopes […]

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Long Odds: China’s bet on REITs draws sceptics

By Samuel Shen, Yawen Chen and Clare Jim SHANGHAI/BEIJING (Reuters) – China’s plans to introduce real estate investment trusts (REITs) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but authorities have their work cut out in creating a fully-fledged market. In many countries REITs are […]

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L Brands temporarily closes stores, draws down $950 million from existing credit line

(Reuters) – L Brands Inc (N:) said on Tuesday it would temporarily close all its stores, including those of Bath & Body Works and Victoria’s Secret, in the United States and Canada through March 29 and that it has drawn down $ 950 million from an existing credit line due to the coronavirus outbreak. The […]

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