UK mortgage rates surge to 15-year high after surpassing ‘mini-budget’ peak
A man walks past houses ‘For Sale’ in a residential street in London, Britain, September 27, 2022. REUTERS/Hannah McKayLONDON, July...
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French central bank head warns against raising ECB inflation target
AIX-EN-PROVENCE, France, July 9 (Reuters) - France's central bank head Francois Villeroy de Galhau pushed back on Sunday against a...
Euro zone business activity contracts in June
LONDON, July 5 (Reuters) - Euro zone business activity slipped into contractionary territory last month in a broad-based downturn across...
Analysis: Why a $1.5 trillion source of corporate financing is choking on higher rates
CLO issuance down 41% in H1 vs same time last yearFunding lifeline for junk-rated borrowers shrinkingInvestors demand higher premiumLONDON, July 5 (Reuters) - A financial stream that helped fund the world's riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive rate hikes bring tougher borrowing conditions and uncertainty.The pace of issuance of so-called collateralised loan obligations (CLOs), which bundle loans of the weakest corporates and repackage them as bonds, has stalled.Specialist asset managers minted CLOs worth more...
Yellen sees strong job market, lower inflation, even as US economy cools
U.S. Treasury Secretary Janet Yellen speaks during a joint press conference with Kristalina Georgieva, Managing Director of the International Monetary...
Analysis: Dutch pension fund reform spells investment rethink
EU's top pension industry moving to defined contributionNew model allows for riskier investments - fund managersABN AMRO: 140 bln euros...
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...
ECB’s De Cos sees another 25 bps rate hike in July, no certainty afterwards
MADRID, June 22 (Reuters) - The European Central Bank will need to raise interest rates by another 25 basis points...
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...
