Factories Slow Down From US To Asia

A measure of U.S. manufacturing activity weakened in June to a two-year low, and several regional Federal Reserve surveys indicated business activity shrank. Factory purchasing managers’ gauges across Asia eased, with South Korea, Thailand and India among those showing the biggest declines, according to S&P Global. .

Amazon Builds Property Empire, Quietly Buying Land Across the US

(Bloomberg) – The 193 acres just outside Round Rock, Texas, were coveted by some of the biggest developers in the US. Located a few miles north of the booming city of Austin, the raw parcel could be used for virtually anything given the state’s lenient land-use laws. So when the prominent Robinson family put the … Read more

Shanghai Unveils Fresh Policies to Support Economy Hit by Covid

The financial hub will accelerate approvals for property projects and supply new residential developments, according to a plan issued by the Shanghai municipal government. The quota for car ownership this year will be increased by 40,000, a purchase tax for some passenger vehicles will be reduced and subsidies will be given to electric car buyers. … Read more

Global Business Is Enduring a Synchronized Slowdown: Eco Week

“Russia’s war of aggression is causing global economic disruptions, impacting the security of global energy supply, food production and exports of food and agricultural commodities, as well as the functioning of global supply chains in general,” the G-7 ministers said in a communique after their gathering in Germany. .

$ 922 Million Divorce Sale Makes Macklowe Art Collection Most Valuable Ever

(Bloomberg) – A multi-year saga came to a close on Monday night at Sotheby’s New York, where the final tranche of artworks from the divorced octogenarians Harry and Linda Macklowe brought in $ 246.1 million. Together with the $ 676 million auction of the first batch of their collection last November, the former spouses’ 65 … Read more

EQT Explores $ 2 Billion Sale of Wash Multifamily Laundry

The alternative asset manager, which has owned Wash since 2015 through one of its infrastructure funds, is working with Moelis & Co. to solicit interest from potential suitors, including private equity and infrastructure firms, some of the people said, asking not to be identified discussing private matters. .