Tag: MCE
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Morning Bid: Treasuries gobbled up, oil braces for OPEC
A look at the day ahead in U.S. and global markets from Mike Dolan Subdued world markets were relieved at the ease with which Monday’s sale of U.S. Treasuries was absorbed, but firmer oil prices ahead of the week’s postponed OPEC+ meeting cut across any further decline in yields for now. Benchmark Treasury yields fell ... -
Higher mortgage rates weigh on US new home sales in October
New home sales drop 5.6% to a rate of 679,000 units Median house price plunges 17.6% to $409,300 from year ago WASHINGTON, Nov 27 (Reuters) – Sales of new U.S. single-family homes fell more than expected in October as higher mortgage rates squeezed out buyers even as builders cut prices, but the setback is likely ... -
Cellnex speeding up asset sales in drive for investment grade – CEO
A telecom antenna of Spain?s telecom infrastructure company Cellnex is seen in Madrid, Spain, April 27, 2022. REUTERS/Susana Vera/File Photo Acquire Licensing Rights LONDON, Nov 22 (Reuters) – Mobile phone tower operator Cellnex (CLNX.MC) will accelerate asset sales in a bid to get an investment grade credit rating by the middle of next year and ... -
US existing home sales hit more than 13-year low; prices push higher
Existing home sales drop 4.1% in October Housing inventory declines 5.7% on year-on-year basis Median house price rises 3.4% year-on-year to $391,800 WASHINGTON, Nov 21 (Reuters) – U.S. existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades and a dearth of ... -
Commercial real estate market could struggle for years, ECB says
A sign reads “new tenant wanted” in a window of a commercial building in Frankfurt, Germany, July 19, 2023. REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing Rights FRANKFURT, Nov 21 (Reuters) – The euro zone’s commercial real estate market could struggle for years, leaving bank loan books, investment funds and insurers exposed, the European Central Bank said ... -
Canada weighing tax changes to target short-term rentals like Airbnb, says minister
Figurines are seen in front of the Airbnb logo in this illustration taken February 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights OTTAWA, Nov 20 (Reuters) – The Canadian government is considering tax changes for short-term rentals to make services like Airbnb (ABNB.O) less lucrative in an effort to increase the supply of homes, Housing ... -
Lula asks Petrobras to tweak investment plan for more Brazil jobs, sources say
[1/2]A logo of Brazil’s state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Acquire Licensing Rights HOUSTON/BRASILIA/RIO DE JANEIRO, Nov 17 (Reuters) – Brazil’s leftist President Luiz Inacio Lula da Silva pressed the head of state-run oil firm Petrobras (PETR4.SA), Jean Paul Prates, to ... -
UK’s Hunt commits 4.5 billion pounds to manufacturing investment
A worker assembles a new bike frame at the Pashley bicycle factory in Stratford-upon-Avon, Britain, June 30, 2022. REUTERS/Phil Noble/File Photo Acquire Licensing Rights LONDON, Nov 17 (Reuters) – Britain announced a 4.5 billion-pound ($5.59 billion) investment programme for key manufacturing industries on Friday, with the automotive sector taking up a large chunk of the ... -
Putin met business leaders to try to attract investment back to Russia – Kremlin
Russian President Vladimir Putin speaks after signing bilateral documents with his Kazakh counterpart Kassym-Jomart Tokayev in Astana, Kazakhstan November 9, 2023. REUTERS/Turar Kazangapov/File Photo Acquire Licensing Rights This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Nov 16 (Reuters) – President Vladimir Putin met Russian business ... -
Berlin’s renters face more misery as housing crisis deepens
BERLIN, Nov 16 (Reuters) – On Berlin’s broad avenues, posters put up by desperate would-be tenants seeking accommodation have become a common sight. Home viewings draw long lines of hopefuls, despite rent rises that have far outstripped salaries in recent years. The German capital, where cheap and abundant apartments were a magnet for artists and ...
