Weak US dollar encouraging foreign investors - 08 Jul 08

2012-05-02 5

The US economic slowdown and weak dollar is encouraging a spending spree not by Americans but by foreign investors - and they're chasing landmarks. Reports suggest the Abu Dhabi investment authority is currently hammering out a deal to purchase the iconic Chrysler building in New York.

But many New Yorkers are concerned if the city's buildings change hands, it will have a permanent impact on the famous Manhattan skyline. Kristen Saloomey explains.

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