The Securities and Exchange Commission is intensifying its scrutiny of the booming business of real-estate investment trusts that aren’t traded on a stock exchange.
Michael Steinhardt and a partner acquired two former American Stock Exchange buildings and plan to build a retail complex, hotel and a residential tower.
By Bloomberg News June 20 (Bloomberg) — The following is a translation of portions of the question-and-answer-style statement on yuan exchange rate reform issued by the People’s Bank of China today. Is further yuan reform in China’s interests?