BRITISH investment managers Legal & General (L&G) and Schroders are to invest hundreds of millions of US dollars in commercial property in the United States, but are largely steering clear of the hard-hit office sector, the companies said.
COMMERZBANK’S management has warned the German government that a potential multibillion euro merger with Italy’s second-largest bank UniCredit is a threat to businesses that make up the backbone of Europe’s biggest economy, the Financial Times reported on Monday.
COMMERZBANK’S management has warned the German government that a potential multibillion euro merger with Italy’s second-largest bank UniCredit is a threat to businesses that make up the backbone of Europe’s biggest economy, the Financial Times (FT) reported on Monday (Sep 23).
CHINA announced plans for a rare briefing on the economy by three top financial regulators just as it cut one of its short-term policy rates, fuelling speculation authorities are preparing to ramp up efforts to revive growth.
AUSTRALIA’S record household debt was a key factor in the Reserve Bank of Australia’s (RBA) cautious approach to tightening, and now housing is an important consideration in the RBA becoming an outlier in the easing cycle and keeping interest rates on hold this week.
APOLLO Global Management has offered to make a multibillion-dollar investment in Intel, according to sources familiar with the matter, in a move that would be a vote of confidence in the chipmaker’s turnaround strategy.
THE US Federal Reserve’s preferred price metric and a snapshot of consumer demand are seen corroborating both the central bank’s aggressive interest-rate cut and chair Jerome Powell’s view that the economy remains strong.
JAPAN’S top currency diplomat Atsushi Mimura said authorities are “always watching markets” as a renewed build-up of yen carry trades could heighten market volatility, public broadcaster NHK quoted him as saying in an interview that ran on Friday (Sep 20).
PROFOUND shifts in the world economy could make inflation volatile for years to come, complicating efforts to control prices, but sticking with inflation-targeting regimes is still the best option, European Central Bank president Christine Lagarde said on Friday (Sep 20).
A PLAN to dial back US regulators’ landmark bank-capital proposal is running into a wall of resistance at the Federal Deposit Insurance Corp (FDIC).
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