Bay Area Mansion at Auction, Cut From List Price

Dec. 28 (Bloomberg) –- A 15,000-square-foot mansion on Belvedere Island, an enclave north of San Francisco, will be put up for auction on Dec. 30 after the builder couldn’t find a buyer for the waterfront home he listed in January for $45 million. The starting bid is set at $25 million. Technology executives paying discounts to listed prices have been active buyers of luxury properties this year in the San Francisco Bay area, where the growth of social-media and Internet firms has created a new wave of millionaires. (Source: Bloomberg)
China Slowdown Has a Bigger Psychological Impact: Mobius
08:13 - Templeton Emerging Markets Group Executive Chairman Mark Mobius discusses flexible exchange rates, the slowdown in China and investing in frontier markets. He speaks to Bloomberg's Shery Ahn and Rishaad Salamat on "Asia Edge." (Source: Bloomberg)
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