LONDON: Only two new shopping centres of more than 40,000 sq m are due to open in 2010, making it likely the lowest amount of new shopping centre space opening in the UK in almost 15 years, according to Cushman & Wakefield’s new Shopping Centre Development Report.

SAN FRANCISCO: US foreclosure filings surpassed 300,000 for an eighth straight month as unemployment made it tougher for homeowners to pay their bills, RealtyTrac Inc said.

SEOUL: South Korea’s central bank kept its benchmark interest rate at a record low for a ninth month, seeking to strengthen the economy’s recovery before increasing borrowing costs.

SYDNEY: Westfield Group, the world's biggest shopping mall owner, saw market conditions continuing to stabilise in the US and UK, and reconfirmed its 2009 earnings guidance.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has made a foray into the Australian property development market through its wholly owned subsidiary Bitar Enterprises Sdn Bhd, which acquired 70% equity interest in Australian company Yes 88 Pty Ltd. 

SAN FRANCISCO: Former football quarterback Joe Montana and his wife are listing their 500-acre property in California’s Sonoma County for US$49 million (RM165.52 million).

LONDON: Unlike most sectors during the global economic downturn, the UK's leisure and hotel sectors experienced smaller-than-average capital value falls, much like they did in the early 1990s.

KUALA LUMPUR: JAKS Resources plans to raise up to RM48.2 million from the proposed placement exercise of 48.22 million shares at an indicative RM1 per placement share with up to one detachable warrant each.

KUALA LUMPUR: Merge Energy Bhd acquired Innovasi Hebat Sdn Bhd (IHSB) for RM300,000 to expand its business into supplying valve, valve maintenance and contractor services.

KUALA LUMPUR: UEM Land Holdings Bhd’s net profit for its third quarter ended Sept 30, 2009 (1QFY2009) surged almost five-fold to RM7.54 million, from RM1.1 million the previous year, on higher contribution from the share of results of associates and joint ventures.