Carbon credit market confidence ebbs as big names retreat
LONDON, Sept 1 (Reuters) - Voluntary carbon markets have shrunk for the first time in at least seven years, as...
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Analysis: Little relief for indebted Canadian homeowners as mortgage rates seen higher for longer
A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsTORONTO, Aug 23 (Reuters) - Highly indebted Canadians hoping for relief from a rapid rise in mortgage rates are in for some disappointment, as recent moves in the bond market point to interest rates staying at elevated levels for longer than previously expected due to stubborn inflation.The yield on Canada's 5-year bond climbed on Tuesday to a 16-year high of 4.17%, up from 2.66% in March,...
Analysis: A year on, Europe less fearful of U.S. green subsidies push
Inflation Reduction Act raised fears of investment shift to U.S.EU decision to relax state aid rules has helped ease fearsEU working on more legislationCritics say EU legislation favours big states, big companiesBRUSSELS, Aug 17 (Reuters) - When the United States launched its massive green subsidies push a year ago, many in Europe feared it would be a fresh blow to their regional economy grappling with the knock-on effects of war in Ukraine and lingering aftershocks of the COVID-19 pandemic.Yet while critics argue the European Union has yet to offer a...
Analysis: Commercial real estate investors, banks buckle up for perfect property storm
LONDON/SYDNEY, July 31 (Reuters) - Commercial real estate investors and lenders are slowly confronting an ugly question - if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar?Rising interest rates, stubborn inflation and squally economic conditions are familiar foes to seasoned commercial property buyers, who typically ride out storms waiting for rental demand to rally and the cost of borrowing to fall.Cyclical downturns rarely prompt fire sales, so long as lenders...
Analysis: UK banks back in political crosshairs after Farage fiasco
LONDON, July 28 (Reuters) - After more than a decade trying to rehabilitate their image since an era of bailouts...
A wasted opportunity? Italy’s EU funds bonanza hits the rocks
Italy behind in policy goals and spendingFirms say it takes two years to launch projectsDelays hold back badly-needed investmentsHigher growth...
US banks scramble on research fees as reprieve on European rules runs out
NEW YORK, June 28 (Reuters) - Wall Street banks and brokerages are in a last-minute scramble to meet a July 3 deadline to charge investors for research reports, bankers and others in the industry said, a requirement that threatens their European business if they fail to comply.Bank of America Corp (BAC.N) and Jefferies Financial Group were among the earliest U.S. banks to comply with the rules - but many others have not yet met the standards and are rushing to catch up, they said.Failure to do so could mean losing...
Analysis: Greek bonds snapping at heels of southern Europe’s best in class
June 23 (Reuters) - Greece is heading into an election weekend with its public debt trading near the levels enjoyed...
Analysis: Investors increase bets on UK recession as rate hikes bite
LONDON, June 21 (Reuters) - Markets are doubling down on bets for a UK recession after the Bank of England...
Spasms in UK mortgage market spell pain for homeowners, economy
LONDON, June 15 (Reuters) - Bedlam in Britain's 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets,...
