Bank of England says UK coping with higher rates for now but sees risks ahead
A general view shows the Bank of England in London, Britain, September 21, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON,...
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Europe’s Signa toppled in property rout
VIENNA/FRANKFURT, Nov 29 (Reuters) - Property and retail giant Signa declared insolvency on Wednesday after last-ditch attempts to secure fresh funding failed, making it the biggest casualty so far of Europe's property crash.Controlled by Austrian magnate Rene Benko, the group is an owner of New York's Chrysler Building as well as several high-profile projects and department stores across Germany, Austria and Switzerland.The multi-billion-euro group, whose tentacles reach from Germany's best-known department store, Berlin's KaDeWe, to the country's top high-street chain Galeria and a skyscraper project, is set to send ripples...
ECB says property slump could last years in threat to lenders
A sign reads "new tenant wanted" in a window of a commercial building in Frankfurt, Germany, July 19, 2023. REUTERS/Kai...
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...
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,...
Banks report continued pain on commercial real estate loans
The front of an office building is seen in New York City, U.S., July 7, 2023. REUTERS/Amr Alfiky/File photo Acquire...
Rapid shocks in store for insurers in new Bank of England tests
A general view shows the Bank of England in London, Britain, September 21, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON,...
UK home-buyer demand inches up as mortgage rates fall: Zoopla
A construction worker stands on a scaffold platform on a new housing development under construction in Knutsford, Britain June 1,...
Hong Kong central bank leaves interest rate unchanged, tracking Fed move
A guard stands in front of the entrance to the Hong Kong Monetary Authority in Hong Kong April 14, 2015....
US housing starts hit three-year low; surge in permits point to underlying strength
Single-family housing starts drop 4.3% in AugustSingle-family building permits increase 2.0%Overall housing starts plunge 11.3%; permits up 6.9%WASHINGTON, Sept 19...
