TIM Participacoes earnings missed by $0.01, revenue topped estimates

Real estate investment firm Gencom is reorganizing into two different business lines, with new hires and promotions to match. The reorganization splits the firm, which has $8 billion in assets under management, into Gencom Capital and Gencom Real Estate, with CEO and founder Karim Alibhai continuing to steer both ships, according to Gencom. SEE ALSO:…

Canadian inflation and housing figures will offer new readings on the economy this week, while Wednesday’s tariff deadline could determine whether nearly US$20 billion of Canadian exports face new 50% U.S. duties. The calendar also includes housing starts, retail sales and the Bank of Canada’s Senior Loan Officer Survey, which will provide an update on…

The Cotality National Mortgage Application Fraud Risk (Index) for Q2 of 2026 has been announced. With an estimated 1 in 119 mortgage applications exhibiting signs of fraud risk, the index is currently at 132. Compared to Q1 of the year, the index rose by 11 points, or 9.1%. However, compared to Q2 2025, when it…

The Financial Conduct Authority has banned Demetrios Hadjigeorgiou from holding senior management positions in financial services and fined him £56,400 over failures at former discretionary fund manager SVS Securities Plc. The case has also resulted in regulatory action outside the UK. Earlier, the Dubai Financial Services Authority banned former SVS CEO Kulvir Virk from performing…

Housing demand does not diminish when purchasing becomes financially challenging. Rather, it redirects toward the rental sector. The Zillow Observed Renter Demand Index (ZORDI), which measures rental demand, increased 19.2% year-over-year as elevated borrowing costs compel prospective buyers to pursue rental options instead. Rental prices are increasing, yet acquisition costs are escalating at a faster…

Acadia Realty Trust is doubling down on its series of retail acquisitions in Soho. The firm paid $60 million for two adjacent mixed-use properties at 69 and 71-73 Greene Street, according to property records. The seller was JSRE Acquisitions.  The properties stand five stories tall and each measure about 16,500 square feet. The buildings are…