20 Dec 2025

PennyMac Mortgage Investment Trust has reopened USD 75 million of its 8.500% exchangeable senior notes due 2029, reflecting ongoing investor demand. The notes, which allow exchanges under predefined terms, were initially issued earlier and offer both fixed income and potential exchange benefits. This reopening aligns with PennyMac's strategy of utilizing capital markets to enhance liquidity and support growth. Past debt issuances by the firm have demonstrated its capacity to maintain a balanced capital structure while attracting investor interest, highlighting confidence in its financial management and stability in the mortgage investment sector.Read more

20 Dec 2025

"Brazil’s Supreme Court has reaffirmed Indigenous land protections, ruling that lawmakers cannot strip communities of their ancestral territories. The majority decision establishes these rights as entrenched clauses in the constitution, countering recent attempts by Congress to limit recognition of reservations. While the ruling upholds Indigenous claims, it allows current landowners to retain use of disputed lands until compensated, a process that could take years. Indigenous groups have warned that ongoing legal challenges and delayed demarcations may increase violence, highlighting the continued tension between traditional communities and the country’s agricultural lobby. "Read more

20 Dec 2025

Japan is set to establish its third and largest data centre cluster in Nanto city, Toyama prefecture, to meet the growing demand for cloud and AI services. The project, led by private developer GigaStream Toyama, will have a total capacity of 3.1 gigawatts, with the first phase providing 400 megawatts by the end of 2028. Located in a low-hazard western region with cheaper electricity, the hub aims to diversify Japan's data infrastructure, complement existing centres in Tokyo and Osaka, and support international hyperscale operators.Read more

19 Dec 2025

Australian shares recorded modest gains last week, with financials driving the positive momentum, though the S&P/ASX 200 ended a three-week winning streak with a weekly decline of 0.8%.Investors remain cautious amid expectations for possible rate hikes in 2026 after inflation remained persistently high and the Reserve Bank of Australia adopted a hawkish stance. Banking stocks and consumer discretionary sectors showed resilience, while miners faced pressure. Market participants are closely watching the RBA's upcoming meeting minutes and early January inflation data to gauge future monetary policy and its impact on sectors.Read more

19 Dec 2025

Skanska AB has completed the construction of a new city hall in Franklin, Tennessee, with a project cost of USD 53 million (around SEK 520 million). The facility includes administrative offices, meeting spaces, and public service areas, designed to improve city operations and accessibility for residents. The project aligns with Skanska's broader strategy of delivering large-scale civic and municipal projects across North America. Known for sustainable and efficient building practices, the company has added another landmark to its portfolio, reinforcing its position in the U.S. market and supporting local government operations with modern infrastructure.Read more

19 Dec 2025

Apartment building permits in Germany have increased, reflecting a steady recovery in the property sector. In October, approvals rose 6.8% compared with the same month last year, reaching 19,900 permits 1,300 more than the previous year. This growth contributed to an overall 11.2% rise in building permits during the first ten months of 2025. Analysts view the trend as a sign of renewed confidence among developers and a stabilizing market. The data indicates that Germany's housing sector is gradually regaining momentum after periods of slower growth.Read more

19 Dec 2025

Russia's government has directed state-owned Russian Railways to sell the 62-storey Moscow Towers skyscraper in central Moscow as part of efforts to manage the company's mounting debt burden, estimated at around USD 50 billion. The landmark asset, acquired last year for roughly USD 2.4 billion, is expected to be sold at no less than its purchase value. The move follows a slowdown in revenues and sharply higher borrowing costs amid elevated interest rates. Proceeds from the sale are intended to reduce debt and avoid sharp increases in cargo transportation tariffs, while broader financial support measures remain under discussion.Read more

19 Dec 2025

Japan's Sumitomo Realty and Development is deepening its India presence by concentrating investments entirely in Mumbai and prioritising a rental-led serviced apartment strategy over outright home sales. Viewing Mumbai as its second growth engine after Tokyo, the developer is pursuing ground-up construction in prime locations amid land scarcity and rising rents. Unlike peers partnering locally or acquiring ready assets, Sumitomo is backing long-term rental income through managed residential and office assets. With five ongoing projects in Mumbai, including four in Bandra Kurla Complex, the company sees sustained demand, lower construction costs compared with global cities, and stable cash flows to support future expansion.Read more

19 Dec 2025

CPP Investments, Dream Industrial REIT, and Dream Asset Management Corporation have established a USD 3 billion joint venture focused on Canadian industrial real estate. The venture's first move involves acquiring a 3.6 million sq ft portfolio from Dream Industrial REIT for USD 805 million. The transaction enables the REIT to recycle capital while remaining connected to the assets. Backed by long-term institutional funding, the partnership aims to build scale in a market supported by logistics demand, e-commerce growth, and resilient industrial fundamentals across Canada.Read more

19 Dec 2025

Tecom Group has launched Phase 4 of its Innovation Hub at Dubai Internet City with an investment of AED 615 million. The development forms part of the group's ongoing expansion of one of the UAE's most prominent technology-focused business districts. The new phase builds on earlier stages of the Innovation Hub, which were created to support technology firms, startups, and innovation-led businesses. Dubai Internet City continues to attract global and regional companies, and the latest investment reflects sustained demand for modern, flexible workspaces within the technology and digital services sector.Read more