_Economy and Finance

An introduction to Jersey property unit trusts (JPUTs) 25 October 2007 http://tax.practicallaw.com/0-378-8553 Nick Kershaw of Ogier explains what Jersey property unit trusts (JPUTs) are, how they are established and why they are used for holding UK property. This practice note considers the current advantages of using JPUTs and contains a table comparing and contrasting JPUTs with UK real estate investment trusts (REITs).

Chile's Mining Industry Throughout Chile’s history, mining has consistently been a leading industry in the country. The 1990s marked the beginning of a boom in Chile’s mining industry, especially in copper mining, principally due to FDI in the sector. In this time period Chile had one of the fastest growing economies in the world and mining accounted for 8.5% of the GDP and 47% of exports (source: Encyclopedia of the Nations). Thanks to continual amendments of the mining industry framework and an investor-friendly environment, the industry is still strong and profitable for investors. Moreover, the ongoing establishment of new technologies, including those aiming to take better care and advantage of Chile’s natural resources, promises the mining sector will continue to prosper in years to come.

The King of Hedge Fund Alley by Adam Piore May 31, 2007 | 12:00 am EDT Not so long ago, Harry Macklowe was perhaps best known for his long-running feud with billionaire homemaker Martha Stewart. Throughout the mid-1990s, the two East Hampton, New York, neighbors engaged in a thorny battle over the size of Macklowe’s hedges, his lighting fixtures, and a fence that Stewart complained blocked her view of a pond. The feud cost hundreds of thousands of dollars in legal fees and became juicy tabloid fodder when Macklowe’s 23-year-old handyman accused Stewart of pinning him against a gate control box with her Chevy Suburban. http://upstart.bizjournals.com/executives/features/2007/05/31/The-King-of-Hedge-Fund-Alley.html

Launch of Adagio City Aparthotel Oct 05, 07 | 7:56 am Groupe Pierre & Vacances and Accor have launched Adagio City Aparthotel, a city residence brand, which is now being marketed on www.adagio-city.com , www.pv-holidays.com and www.accorhotels.com . http://ehotelier.com/hospitality-news/item.php?id=A12128_0_11_0_M

http://www.telegraph.co.uk/ Tesco: Europe's biggest property company 12:01AM BST 22 Apr 2007 Baked beans and mange tout make up a small part of what makes the supermarket tick, write James Hall and Jonathan Russell

English 한국어 Algae eyed as next biofuel source in RP by '08 Updated April 2, 2007 | Iloilo City, Philippines Roxas City – After sugarcane, coconut, jatropha, cassava and sweet sorghum, here comes algae. The PNOC Alternative Fuels Corp. may introduce the use of biodiesel from algae next year, saying it is about to enter talks with a US-based firm engaged in algae technology on how to derive and market biodiesel from algae. PNOC-AFC president and CEO Peter Anthony A. Abaya on Wednesday said the company would be talking middle of next month with the firm. He declined to name the US firm. The US ecotechnology company, he said, is rapidly becoming an industry leader in the renewable energy market and is pioneering the algae-to-biofuel technology. “We are not only looking at jatropha as a potential source of biodiesel but we are also working at the science of deriving biodiesel from algae," Abaya said. Abaya...

Macklowes Notch Second-Biggest Building Buy in U.S. History By John Koblin 2/19/07 12:00 am Macklowe Properties paid $1.73 billion for Worldwide Plaza at 825 Eighth Avenue, the second-largest sale price for an office building in U.S. history. http://observer.com/2007/02/macklowes-notch-secondbiggest-building-buy-in-us-history/