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...annual prewar levels of €1bn....
...The one-year loan prime rate was left at 3.45 per cent. The five-year equivalent, which underpins mortgage lending, remained at 3.95 per cent....
...Facebook’s parent company said on Thursday its latest model, Llama 3, has “vastly improved capabilities”, including the ability to reason, in a step towards human-level intelligence....
...Consumer prices in Germany rose 2.3 per cent in the year to March, down from 2.7 per cent a month earlier, taking inflation in Europe’s largest economy to the lowest level since June 2021, according to data...
...New Zealand’s annual inflation rate fell to its lowest level in nearly three years, official data showed on Wednesday....
...Revenues fell year on year to £3.5bn, just above market expectations. Its shares rose 3 per cent in morning trading....
...The announcement marks the largest cut to the five-year lending rate since it was introduced in 2019....
...Kwah also warns that the risk level may not be obvious. “Private credit typically involves lending to unrated or unlisted companies and is therefore less transparent,” he says....
...The jump in interest rates to the highest levels in decades has led to a big increase in mortgage scams, according to banks and regulators....
...“Forced liquidations from [margin calls] this year total Rmb27.4mn [$3.8mn], accounting for a small share of the market’s daily turnover,” the CSRC said in a statement published on the regulator’s website...
...The central bank on Sunday kept the one-year MLF rate unchanged at 2.5 per cent, the lowest level since the rate was introduced in 2014....
...Shares of BofA dropped 3 per cent on its earnings news. PNC declined 2 per cent. BofA increased its estimate of expected loan losses at a time when its rivals were seeing loan losses level off....
...its assets do not fall below a certain level....
...The more substantial these losses, the more reserves banks would need to keep and the more constrained their lending activity would be. Growing debt levels put policymakers in a tight spot....
...Mortgage approvals dropped below pre-pandemic levels from the second half of 2022 as the BoE raised interest rates....
...So far in 2024, the pricing of new, so-called collateralised loan obligations has hit record levels. Globally, $30bn worth of CLOs have been assembled, according to data provider LCD....
...Growth in the eurozone’s services sector offset weakness in manufacturing to lift S&P Global’s monthly gauge of corporate activity to its highest level for almost a year....
...The additional lending capacity will come from a $3.5bn capital increase for the bank’s private sector arm, IDB Invest, and a $400mn boost for venture capital unit IDB Lab, along with optimisation of the...
...A forward-looking indicator of US home sales jumped to the highest level in a year in March, in a sign that low inventory is pushing up housing demand despite high mortgage rates....
...Mortgage lending to older UK borrowers slumped in the last three months of 2023, as higher interest rates led to an affordability squeeze for over-55s....
...The breakdown of figures by the ECB on Tuesday showed eurozone household lending growth slowed to 0.3 per cent in the year to January, its weakest annual pace since 2015....
...Deutsche shares fell 0.3 per cent to €15.35 in early trading on Thursday....
...Economists had forecast a rate of 3.3 per cent in a poll by Reuters. The core rate of inflation, excluding more volatile energy and food prices, fell from 4.6 per cent to 4.3 per cent....
...Markets widely expect the central bank’s Monetary Policy Committee to leave interest rates unchanged at 5.25 per cent — the highest level since the 2008-09 financial crisis — as data increasingly points...
...Consumer prices in Germany rose 2.3 per cent in the year to March, slowing from 2.7 per cent a month earlier to reach the lowest level since June 2021....
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