VENTURE CAPITAL POST

Dismayed by the millions of unsold homes in China's troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing. Like a white knight riding to the rescue of distressed developers, a handful of local governments are snapping up thousands of empty homes at hefty discounts and re-selling them to the country's poorest households.

Contracts to buy previously owned U.S. homes rose for a fourth straight month in April to a nine-year high, buoying the outlook for the housing market and the overall economy.

Sweden's financial watchdog may increase the amount of capital the country's banks must set aside as reserves in a bid to cool a red-hot housing market, it said on Tuesday.

U.S. housing starts rose far less than expected in March and factory activity in the mid-Atlantic region grew modestly this month, suggesting the economy could struggle to rebound from a soft patch hit in the first quarter.

The euro and world shares gained on Tuesday as the dollar steadied before a two-day meeting of the U.S. Federal Reserve, where the Fed may edge closer to its first interest rate rise in almost a decade.

U.S. housing starts and permits fell in November, but remained at levels consistent with a gradually improving housing market. Groundbreaking declined 1.6 percent to a seasonally adjusted annual pace of 1.028 million units, the Commerce Department said on Tuesday. October's starts were revised up to a pace of 1.045 million units.

U.S. home resales raced to a one-year high in September, the latest indication the housing market recovery is gradually getting back on track.

U.S. housing starts and permits rose in September, a signal the market's modest recovery is supporting what appears to be growing strength in the broader economy.

Monday marks the sixth anniversary of the bankruptcy filing of Lehman Brothers, a key event in the Wall Street meltdown that led to the Great Recession. The recession wreaked havoc on the retirement plans of millions of Americans, and two studies released last week suggest that most of us haven't recovered well.

Kuwaiti Finance Minister Sheikh Salem Abdulaziz al-Sabah said the government is reviewing its subsidies system to its residents and subsidies.

Harvard is setting the bar at USD6.5 billion for the improvement of campus, programs and housing in the university.

Home Deport benefited from the recovery of the US housing market.

Richman Group closed a total of USD 291 million of tax credit funds.

China gets US $44.4 million funding for a housing project.

Deutsche Bank has arranged a US$200 million credit line for Apollo Global Management LLC as a means to purchase single family rental homes in the US.