US 30-year fixed-rate mortgage approaches 7%
WASHINGTON (Reuters) – U.S. mortgage rates increased to a four-month high this week, which together with higher home prices could sideline potential buyers from the housing market in the near…
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ECB warns of ‘sizeable’ hit to growth from a trade war
AMSTERDAM/NICOSIA (Reuters) – Global economic output would suffer a “sizeable” loss if trade became more fragmented and an immediate boost to inflation would only fade over a few years, the…
New York Fed says bank reserves abundant as of mid-November
By Michael S. Derby NEW YORK (Reuters) – New data from the New York Federal Reserve suggests the U.S. central bank isn’t facing any roadblocks to continuing forward with its…
France eyes unpaid extra hours amid budget constraints
Investing.com – France is facing a budget crisis. To address this, lawmakers are considering a proposal to make French workers work an extra seven hours without pay. This would generate additional…
Column-America’s $7 trillion cash stash isn’t going anywhere: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – A record-high $7 trillion of cash is currently sitting “on the sidelines” in money market funds (MMFs). Anyone hoping to see a significant…
Spain’s lower house approves tax package with three-year bank levy
MADRID (Reuters) – Spanish lawmakers approved on Thursday the government’s new tax plans, which include an extension of a temporary levy on banks by three years and ensure that taxes…
Russian central bank to restrict some new corporate loans as debt burdens climb
MOSCOW (Reuters) – Russia’s central bank on Thursday said it planned to set a surcharge for banks when issuing new loans to large firms with a high debt burden, as…
US existing home sales rebound in October
WASHINGTON (Reuters) – U.S. existing home sales rebounded sharply in October, posting the first annual gain since mid-2021, as buyers rushed into the market to take advantage of a brief…
Viatris fined in Morocco over merger notification, sources say
By Ahmed Eljechtimi RABAT (Reuters) -U.S. pharmaceutical giant Viatris Inc (NASDAQ:VTRS). has been fined 7.58 million dirhams ($760,000) by Morocco’s competition regulator for failing to notify it regarding its merger,…
Elon Musk’s Neuralink receives Canadian approval for brain chip trial
(Reuters) – Elon Musk’s Neuralink said on Wednesday it has received approval to launch its first clinical trial in Canada for a device designed to give paralysed individuals the ability…