US single-family starts rise; soaring mortgage rates a challenge
Housing starts increase 7.0% in SeptemberSingle-family starts rise 3.2%; multi-family soar 17.1%Building permits fall 4.4%; single-family increase 1.8%WASHINGTON, Oct 18...
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M&G to shut flagship retail property fund, citing weakened investor demand
M&G plc logo is seen on a smartphone in front of displayed same logo in this illustration taken, December 1,...
Spain government upbeat about auto sector investment after Euro 7 deal
Spain's new Minister of Industry Hector Gomez Hernandez walks outside Moncloa Palace in Madrid, Spain, March 28, 2023. REUTERS/Isabel Infantes/File Photo Acquire Licensing RightsMADRID, Oct 19 (Reuters) - Spain is optimistic about the prospects of attracting new investment into its automotive sector following the so-called Euro 7 agreement, which watered down proposed rules on pollutant emissions rules for new cars in Europe, Trade Minister Hector Gomez told Reuters on Thursday.EU ministers last month approved the rules under Spain's rotating presidency of the European Council, a position which Gomez said was...
EU funds selling in Britain face new rules from April
European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON,...
Morning Bid: To 5% and beyond, bond yields soar
A look at the day ahead in U.S. and global markets from Mike DolanA buoyant U.S. economy, hawkish Federal Reserve...
Sterling trips as traders mull inflation, wary over Middle East
Pound notes and coins are seen inside a cash register in a bar in Manchester, Britain September 6, 2017. REUTERS/Phil...
Banking turmoil to shape sector monitoring in 2024, says EU watchdog
A view shows the board of the European Central Bank (ECB) building in Frankfurt, Germany, September 14, 2023. REUTERS/Wolfgang Rattay/File...
EU data watchdog urges more privacy safeguards for digital euro
Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 18 (Reuters)...
UK should consider raising BoE inflation target to 3%, think tank says
A general view of the Bank of England (BoE) building, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska/File Photo Acquire...
US regional banks earn more on loans but warn on rising deposit costs
The Wall St. sign is seen outside the New York Stock Exchange (NYSE) in New York, U.S., December 17, 2019. REUTERS/Brendan McDermid Acquire Licensing RightsNEW YORK, Oct 18 (Reuters) - Several U.S. regional banks beat analysts third-quarter profit expectations on Wednesday as higher interest rates allowed them to charge more for loans, although rising loan loss provisions and deposit retention costs crimped margins.Shares of several regional banks fell, including M&T Bank and US Bancorp.Stronger net interest income (NII), the difference between what banks earn from lending and pay out on...