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Top related persons:
Katherine Keenan - 2 Keenan - 2 — - 1 behemoth Blackstone - 1 Anthony Marone - 1 Katie Keenan - 1 BXMT - 1 Philip Lowe - 1
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Melbourne Australia
Top related orgs:
Service - 1 Blackstone Mortgage Trust - 1 Business - 1 Blackstone - 1 Getty - 1 Australia's Bureau - 1 Statistics - 1 lockdowns - 1

Search resuls for: "Katherine Keenan"


2 mentions found


☆ Blackstone's mortgage fund slashes dividend as slump in office puts it under pressure
  + stars: | 2024-07-24 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +3 min
Executives at Blackstone Mortgage Trust, or BXMT, have said that it was well-positioned to withstand stresses in the commercial real estate market brought on by the pandemic and sharply rising interest rates. Executives at Blackstone have also said that they see the real estate market bottoming. The fund's loan book is tied largely to strong segments of the commercial real estate market, including residential apartment buildings, industrial warehouses, and hotels. Executives have described its loan balances as conservative relative to the value of the real estate assets that serve as their collateral. AdvertisementBut BXMT has significant exposure to the office market, where value declines have been steep enough to dip below outstanding loan balances in some cases.
Persons: —, behemoth Blackstone, Katherine Keenan, Anthony Marone, Katie Keenan, BXMT, Keenan Organizations: Service, Blackstone Mortgage Trust, Business, Blackstone
☆ Australia's economy expands 2.3% in the first quarter, slowest growth in 1½ years
  + stars: | 2023-06-07 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +2 min
Loop Images | Universal Images Group | Getty ImagesAustralia's first-quarter gross domestic product expanded by 2.3% year-on-year, just slightly below analyst expectations. "Private and public gross fixed capital formation were the main drivers of GDP growth this quarter," Keenan said. The GDP readings are key to the Reserve Bank of Australia's decision making process for its monetary policy. In this "narrow path" that Lowe envisions, Australia's inflation returns to its 2% to 3% target range, the economy continues to grow, and gains in the labor market are preserved. But it is a narrow path and likely to be a bumpy one, with risks on both sides," Lowe said.
Persons: Katherine Keenan, Keenan, Philip Lowe, Lowe, " Lowe Organizations: Getty, Reuters, Australia's Bureau, Statistics, lockdowns, Reserve Bank, Reserve Bank of Australia, Morgan Stanley Australia Summit Locations: Melbourne, Australia
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