Wellington, May 12 The pace of New Zealand house price growth slowed in April, rising 0.9 percent, the Real Estate Institute of New Zealand (REINZ) said on Friday. The REINZ said prices in the country's biggest city, Auckland, had fallen 2.1 percent, an encouraging trend for the central bank which had warned the red-hot Auckland housing market was a financial stability risk. Nationally, prices rose 10.4 percent from the same month the previous year. (Reporting by Charlotte Greenfield and Jane Wardell, editing by G Crosse)
Carrefour's property arm Carmila launches capital increase
PARIS, June 25 Carmila, the property unit of Europe's largest retailer Carrefour, announced on Sunday a capital increase of 557 million euros ($623.5 million) to fund its future expansion.