Bell Partners, a real estate investor and property manager, has raised $1.3 billion for a new fund to buy and upgrade apartments at a time when prices for many commercial properties are falling amid higher borrowing costs.
A piece of European Union legislation that forced financial firms to separate the cost of investment research from that of trading could be reversed under plans being championed by member states.
Consolidated Edison Inc. is putting its largest battery in New York City into service next week to help take stress off the power grid as summer heat drives up electricity demand.
Former JPMorgan Chase and Co. executive Jes Staley often turned to sex offender Jeffrey Epstein for advice on a wide range of topics, including his salary negotiations at the bank and help with his daughter’s education.
(Bloomberg) — A growing chorus of investors is buying bonds from certain developed nations where they believe interest rates will be cut sooner and faster than many economists expect.
Turkey raised its minimum wage for a second time this year, potentially adding to inflationary pressures making the job of the country’s new economic team harder.
President Volodymyr Zelenskiy said Ukraine hasn’t yet used new assault brigades in its counteroffensive as troops advance across some parts of the front line.
Hungary is likely to lower its key interest rate for the second straight month after central bankers signaled a retreat from a tightening cycle that brought borrowing costs to a European Union high.
More Americans are entering into auto loans that exceed the worth of their cars after vehicle values declined in the wake of dramatic increases during the pandemic, a report has found.
Petteri Orpo was sworn in as prime minister of Finland’s new ruling coalition that has set out to fix the Nordic country’s deteriorating public finances and boost growth.
