30 Jan 2026

Democratic lawmakers have called on President Trump to reinstate funding for a $16 billion tunnel project in the New York City area, warning that work could halt next week. The project, fully funded, permitted, and under construction, is crucial for the Northeast Corridor, serving 200,000 daily travelers and supporting 10% of the national economy. The Gateway Development Commission has stressed that suspension could have serious economic consequences. Disputes over funding, past court rulings on disadvantaged business programs, and prior administrative actions have complicated the project, leaving its future uncertain.Read more

30 Jan 2026

China Vanke, a leading state-backed property developer, has received bondholder approval to defer repayments on two yuan-denominated bonds that matured in December, postponing 60% of the principal by a year. The move, backed by Beijing and enhanced with upfront payments and collateral, provides temporary relief amid its USD 50 billion debt burden. Shenzhen Metro, its major shareholder, is extending additional loans to cover principal and interest. Despite these measures, analysts warn that Vanke faces upcoming bond deadlines in April and the broader property market challenges remain significant.Read more

30 Jan 2026

ABB has revealed plans to sell a property asset to Pensimo, paving the way for the construction of around 500 apartments. The Swiss engineering group expects the transaction to result in a pre-tax operational capital gain of about CHF 290 million, which is set to be recorded in the first quarter of 2026. Pensimo, a Zurich-based real estate investor, manages assets on behalf of Swiss pension funds and specialises in residential developments. The deal reflects ABB�s continued approach of monetising non-core assets while maintaining focus on its core industrial operations.Read more

30 Jan 2026

Busy Ming Group made a strong debut on the Hong Kong stock exchange, with its shares jumping sharply and valuing the company at about HKD 89.2 billion. The Chinese snack and beverage retailer raised HKD 3.67 billion through its IPO, which was heavily oversubscribed by both retail and institutional investors. Founded in 2017, Busy Ming operates a largely franchised network of nearly 19,500 stores across China and positions itself as a low-cost snack retailer. The company plans to use the proceeds to improve its supply chain, develop products and support store expansion.Read more

30 Jan 2026

Saudi Aramco has announced initial price guidance for a four-tranche, dollar-denominated bond issue that is expected to raise several billion dollars. The offering spans maturities of three, five, 10 and 30 years, with pricing set at varying premiums over US Treasuries. The move follows recent sukuk and bond issuances after a multi-year absence from debt markets. Amid lower oil prices, Aramco has been cutting costs, reviewing asset sales, and adjusting dividend payouts while continuing to explore multiple funding options.Read more

30 Jan 2026

BXP has forecast its 2026 funds from operations below analyst estimates as weak office leasing continues across the US commercial property market. The REIT cited uncertainty around economic and trade policies as a key factor delaying tenant decisions on expansion and investment. While quarterly leasing revenue showed modest growth and overall revenue exceeded expectations, funds from operations declined year-on-year. BXP also returned to profitability in the latest quarter after reporting a loss last year, highlighting stable financial performance amid challenging market conditions.Read more

30 Jan 2026

China has reportedly ended the strict reporting requirements under its "three red lines" policy, a move that has sparked a rebound in developer shares. Introduced in 2020 to limit debt, the policy triggered a liquidity crisis, leading many top developers to default or restructure debt. While analysts note that the change may not immediately improve funding conditions, the announcement signals a shift toward higher-quality, sustainable growth in the sector. Despite policy easing, challenges in financing and market confidence remain significant.Read more

30 Jan 2026

A Singapore-flagged cargo vessel carrying 21 Filipino crew members capsized near Scarborough Shoal in the South China Sea. Chinese and Philippine authorities launched coordinated rescue operations, recovering 17 crew members, while two died and four remain missing. The ship was transporting iron ore to the southern Chinese city of Yangjiang when the incident occurred, reportedly due to cargo instability and rough sea conditions. Scarborough Shoal, a highly contested maritime area, has previously witnessed territorial and airspace tensions, emphasizing the ongoing risks of navigation in these disputed waters.Read more

30 Jan 2026

The Hudson River tunnel project connecting New York City and New Jersey is facing an imminent work stoppage after the Trump administration suspended USD 16 billion in federal funding. Officials have warned that construction will halt from February 6 if funding is not restored, putting about 1,000 jobs at risk. The project is critical for replacing and repairing a tunnel built in 1910 that serves 200,000 daily commuters. The dispute has sparked sharp political exchanges, with concerns growing over economic impact, transit reliability, and long-term infrastructure planning.Read more

30 Jan 2026

Saudi Arabia has temporarily halted construction of the Mukaab, the iconic cubic structure planned in Riyadh's New Murabba district, as part of a review of funding, feasibility, and strategic relevance under Vision 2030. While excavation and foundation work were completed, all further construction has been paused. Sources said the Public Investment Fund is prioritizing projects with faster economic returns, including infrastructure for World Expo 2030 and the 2034 FIFA World Cup. Surrounding real estate development will continue, but the future of the Mukaab structure remains uncertain.Read more