Stimulus checks boost U.S. consumer spending; inflation warming up

[ad_1] Consumer spending increases 4.2% in March Personal income jumps 21.1% Core PCE price index gains 0.4%; up 1.8% year-on-year Labor costs rise 0.9% in first quarter; wages up 1%…

Australian’s ANZ posts record annual profit amid higher interest rates; lifts dividend

[ad_1] The logo of the ANZ Bank is seen at Lambton Quay, in Wellington, New Zealand November 10, 2022. REUTERS/Lucy Craymer/File Photo Acquire Licensing Rights Declares final dividend of 94…

National Australia Bank’s second-half cash profit falls as inflation persists

[ad_1] The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz/File Photo Acquire Licensing Rights FY2023 cash earnings up 8.8%, but…

Ping An exited its Country Garden stake, has no takeover plan – Bloomberg News

[ad_1] [1/2]A crossing guard guides the flow of traffic near the Ping An International Financial Center in Beijing, China November 8, 2023. REUTERS/Tingshu Wang Acquire Licensing Rights Nov 8 (Reuters)…

Ping An loses $2.1 billion in market value, China property rallies on Country Garden rescue report

[ad_1] Company logo of Ping An Insurance Group is shown at a news conference following the company’s announcement of its annual results in Hong Kong, China March 16, 2016. REUTERS/Bobby…

Wave of cancellations in German housing construction at new high – Ifo

[ad_1] Construction sites are photographed in Frankfurt, Germany, July 19, 2023. REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing Rights BERLIN, Nov 6 (Reuters) – Germany’s residential construction sector was again hit by…

SoftBank’s WeWork, once most valuable US startup, succumbs to bankruptcy

[ad_1] Nov 6 (Reuters) – WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday after its bets on…

Private credit sees opportunity in Australia real estate as banks hesitate

[ad_1] Qualitas, PGIM Real Estate expanding private credit footprint Investors eye meaty returns of high single to low double digits Commercial property bank lending slows to pandemic levels SYDNEY, Nov…

Hong Kong seeks fresh economic edge while steeling security in policy blueprint

[ad_1] New national security laws to be tabled in 2024 Economic growth of 4-5% expected in 2023 Property transaction fees halved for some buyers Stock transaction fees shaved from 0.13%…

NY Fed’s Williams says rising home prices don’t pose financial stability risks

[ad_1] [1/2]A “For Sale” sign is posted outside a residential home in the Queen Anne neighborhood near the Space Needle in Seattle, Washington, U.S. May 14, 2021. REUTERS/Karen Ducey Acquire…