Hints and tips:
Related Special Reports
...Last year, it closed its flagship Asia V buyout fund after raising $7.1bn, eclipsing its targets....
...Plus, a few big companies are taking on a watchdog for labour in the US. I’m Kasia Broussalian, and here’s the news you need to start your day. [MUSIC PLAYING] It’s a big week for central banks....
...“It is encouraging to see some signs of improvement in the market, with reduced mortgage rates positively impacting affordability,” she added....
...Housebuilders saw market conditions improve through the early part of the year as lenders reduced mortgage rates thereby aiding affordability....
...The company, run by billionaire Warren Buffett, is worth roughly $875bn, a sum that includes a record $167.6bn cash pile. HomeServices declined to comment....
...The “effective” interest rate — the actual interest rate paid — on newly drawn mortgages fell 0.29 percentage points to 4.9 per cent in February, according to the central bank....
...Daly credited the good news on profits to cost discipline and careful management of supply to match demand and make sure the company did not have to “cut prices in order to liquidate”....
...The average two-year mortgage with 60 per cent loan to value was 4.62 per cent in February, according to the central bank....
...The increase reflects broader growth of the country’s mortgage market. Central bank figures published this month show the total mortgage portfolio of Russian banks increased by 34.5 per cent last year....
...Since then, it has suffered from a sell-off in growth companies prompted by aggressive interest rate rises from central banks to fight inflation....
...Lloyds’ total lending fell £1.2bn to £448.5bn in the first quarter, with its mortgage balance shrinking by £1.6bn. The group however flagged a rise in mortgage applications in the first quarter....
...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....
...Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies....
...— 2023 Was the Year Taylor Swift Became Insufferable (Daily Beast) — What London’s Oyster cards reveal about central bank digital currencies (LSE) — Essentiality of Money: A Historical Perspective (Richmond...
...As in the case of foreign currency mortgages, “the costs of mis-selling must be borne by the institutions that caused it.”...
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Lloyds and Santander UK provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based near Buckingham Palace, according to documents seen by the Financial...
...“All of the data suggests a recovery in the housing market in 2024,” said Tomasz Wieladek, chief European economist at investment company T Rowe Price....
...(Politico Magazine) Meanwhile, one of those hardliners, representative Marjorie Taylor Greene, was humbled, according to Michelle Cottle. (NYT)...
...The company said there remained “strong underlying interest” from buyers, in spite of the difficult economic climate. Shares in Taylor Wimpey rose 2 per cent in early trading on Wednesday....
...Moreover, the threat of mortgage payment shock should prompt the central bank to start cutting rates sooner rather than later....
...Agents say they provide valuable services including advice on mortgages, appraisals and home inspections....
...Within that number, practically the entirety of our new mortgage lending would have to be green.”...
...The better market conditions were reflected in figures published by the central bank on Thursday, which showed that mortgage approvals rose more than expected and to a five-month high in November....
...The sharp slowdown in eurozone bank lending stabilised in October after a pick-up in monthly credit flows for mortgages, according to data from the European Central Bank....
International Edition