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...“The question for the Biden administration is whether they have any incentive to utilise the sanctions architecture that the Trump administration used to take down Iran exports by 1mn b/d,” said Helima Croft...
...Banks in the region have enjoyed a surge in profits as low defaults and high interest rates boosted lending margins....
...Net mortgage approvals for house purchases rose to 60,400 in February from 56,100 in January, the Bank of England said on Tuesday....
...In short, bank capital is trapped. When capital can no longer move across jurisdictions, balance sheets in each region are fixed....
...Brexit and mortgage regulatory changes also played a role, according to Richard Donnell, executive director at property consultancy Houseful....
...Eurozone banks reported a “substantial” drop in loan demand from companies, prompting calls for the European Central Bank to signal it will cut interest rates soon when it meets this week....
...No mention of the B-word, then....
...The group points to the decline in the region’s share of global capital markets activity in Europe, from 18 to 10 per cent, since 2008. But the US had shed a similar chunk of share in that time....
...Many of those affected lived in the Alpine region near the Swiss border and took out a mortgage product called Helvet Immo, which was supplied by a subsidiary of BNP Paribas, to acquire small buy-to-let...
...The rise in mortgage payments follows the Bank of England’s increase in interest rates from a record low of 0.1 per cent in November 2021 to the current 5.25 per cent....
...The writer is chief economist at German bank LBBW and former chief ratings officer at S&P A debt crisis is ravaging what has been dubbed the “global south”....
...Mortgage rates have declined from their peak last summer but they remain much higher than they were two years ago, reflecting the Bank of England’s decision to raise interest rates to a 16-year high of 5.25...
...With financial markets expecting the central bank to cut its benchmark rate from a 16-year high of 5.25 per cent this year, mortgage rates on popular fixed deals have declined since the summer....
...Given regional differences in house prices and the rise of remote work, young people today might be smart to take a job with a working-from-home future, then move to a cheap region when possible....
...The figures reflect the impact high mortgage rates have had on would-be home buyers, after the Bank of England raised the cost of borrowing from a record low of 0.1 per cent in late 2021 to a 15-year high...
...But Greece’s housing market has been one of the strongest in the region according to data from the Bank of Greece, which recently showed residential property prices rose 13.4 per cent last year....
...region....
...Wednesday’s ONS statistics identified London as the English region with both the most expensive rent, at an average of over £2,000 a month, and the fastest rises, at 10.6 per cent a year....
...Some farmers were happy to “develop a plan B”, even if they remained committed to a plan A of continuing meat production, says Dragsdahl....
...Rishi Sunak’s hopes of going into a general election on the back of lower taxes and cheaper mortgages suffered a blow on Thursday as traders scaled back expectations of interest rate cuts in 2024....
...“This region really does have strong fundamentals simply because it’s got a young workforce, it’s got lots of room for catch-up,” Ohnsorge said. “Compared to other regions, it’s likely to do well....
...The fall in prices in October reflects the impact of high mortgage rates on the property market, after the Bank of England raised the cost of borrowing from a record low of 0.1 per cent in November 2021...
...Olli Rehn, a former EU commissioner and Finnish central bank governor, told the FT in a separate interview that the European Stability Mechanism and its €500bn lending capacity could be used to fund Kyiv...
...Now the US produces almost 20mn b/d of petroleum, roughly on par with consumption. Imports from the Gulf have plummeted, and the US became a net oil exporter for the first time in 2019....
...fraction of Cote d’Or prices....
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