The UK housing market is facing a prolonged slowdown as high interest rates, rising inflation and economic uncertainty deter potential buyers and force sellers to lower their asking prices.
Category: News
Fed Unlikely to Raise Rates in November, Says Goldman Sachs
The Federal Reserve is unlikely to raise interest rates at its next meeting in November, according to a report by Goldman Sachs strategists published on Saturday.
France Proposes End of Ultra-Low Cost Air Travel
France wants to end the era of ultra-cheap flights in Europe and has proposed a minimum price for airline tickets to reduce carbon emissions and support the rail sector.
Brookfield, Societe Generale to Launch Mammoth Private Debt Fund
The fund, named Brookfield Societe Generale Private Debt Partners (BSG PDP), will have an initial capital of $10.70 billion, making it one of the largest private debt funds in the world.
Why Did a Software Glitch Halt Toyota Production?
The world’s largest automaker was forced to suspend operations at all 14 of its assembly plants in Japan last week due to a software glitch.
Interest Rates May Rise Again, Fed Warns
The Federal Reserve may need to raise interest rates further to cool down the US economy and bring inflation under control, according to a senior Fed official.
Schwab Capitalizes on Higher Yields with a $2.5 Billion Bond Issue
Charles Schwab Corp. has announced plans to raise up to $2.5 billion through a debt offering, capitalizing on a recent surge in investor interest towards higher yields in the corporate bond market.
BA Owner Raises Profit Forecast as Travel Demand Rebounds
IAG reports a strong rebound in travel demand, reaching 97% of pre-pandemic capacity and expecting higher profit for the year.
US Job Creation Robust Despite Banking Crisis
Despite a banking crisis that threatens the global economy, the US added 253,000 jobs in April and lowered its unemployment rate.
First Republic Bank Faces Possible Government Takeover
First Republic Bank faces mounting losses from the commercial real estate sector, causing concern as it scrambles to avoid a government takeover.