PBoC looks to the future, Making way for digital cash

PBoC looks to the future, Making way for digital cash

Thursday 29 October 2020   –   Vol.11 Ed.44.4

Commentary: PBoC looks to the future

By Geoffrey Yu in London

The People’s Bank of China’s new governing law includes various changes and one important constant. The PBoC’s financial stability responsibilities remain unchanged. However, the proposal introduces ‘macro-prudential management’, as well as terms that have become familiar since the 2008 financial crisis, such as ‘stress test’ and...


Prologis completes largest-ever sale of logistics warehouses in the UK

Prologis facility in Coventry, United Kingdom

San Francisco-based Prologis Inc. (NYSE: PLD) announced that it has completed the largest-ever portfolio sale of logistics warehouses in the U.K.

In a Wednesday evening press release, the world’s leading logistics real estate investment trust reported the sale of 22 stand-alone buildings totaling 4.3 million square feet to real estate funds managed by New York-based The Blackstone Group (NYSE: BX).

The price tag was 473 million pounds (U.S. $618 million).

The properties were acquired by Prologis...


Echo smashes estimates, reporting record revenue and volume

In third-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported record gross revenues, which grew by 23.2% year-over-year to $691.5 million.

That smashed the consensus estimate of $608 million and was $76.5 million more than the upper limit of guidance provided by management in the second-quarter earnings release, largely driven by substantial volume growth in...


Prologis sees logistics space in short supply by early 2021

Prologis facility at night

A tightening logistics warehouse market could lead to a shortage of space as soon as early 2021, according to a new logistics real estate report from Prologis Inc. (NYSE: PLD)

The San Francisco-based real estate investment trust’s research team concluded the uptick in demand for logistics space was centered on three primary catalysts: Increased confidence has boosted demand for leasing; the macro data suggests consumer consumption and COVID-19 can coexist; and there is improved visibility on the...