Officials said the money likely will be directed to school construction and other quality-of-life initiatives. The city is projecting a $60.6 million budget surplus this year. Baltimore's booming real estate market has left the city flush with cash.
In a report it says Singaporean companies working in the fields of real estate, investment consultancy, construction material production will come to Vietnam to seek business opportunities in the second week of March. The meeting between Singaporean and Vietnamese partners is scheduled for March 9 in HCM City.
The German media had estimated a writedown of about 200-600 mln eur would be taken. Deutsche Bank AG's DB Real Estate unit has written down the value of its Grundbesitz-Invest fund by 2.4 pct, or 147 mln eur, to 37.17 eur per share as a result of weakness in the German real estate market.