US chrysler building

Video: Arab funds hunt US landmarks

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 Weak US dollar encouraging foreign investors 
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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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