(Bloomberg) — US mortgage rates last week topped 7.5% for the first since November 2000 and applications for home purchases tumbled to a multi-decade low, illustrating a battered housing market.
Anglo American Plc has started cutting corporate and head office jobs across its global operations, as a slowing world economy damps demand for the commodities it mines.
The laureates of this year’s Nobel Prize in chemistry have been officially announced, hours after their names were leaked in what appeared to be an inadvertently sent email.
A rare anomaly seen during times of extreme stress has returned to emerging markets.
The European Bank for Reconstruction and Development is working on a plan to boost its capital to be able to invest about €1.5 billion ($1.6 billion) in Ukraine annually, its president said.
After years of curbing the practice of burning off excess gas, producers led by Diamondback Energy are rekindling fires in the Permian Basin.
Central banks have a better chance of taming inflation without a recession by improving how they communicate monetary policy, according to the International Monetary Fund.
Thames Water Plc hasn’t published a crucial business plan outlining information about the company’s financial stability, a move that’s prompting concern among bondholders.
The Bank of Portugal cut its forecast for the country’s economic growth for the next three years, citing a slower increase in exports and the impact of interest rate hikes.
The International Monetary Fund will carry out its annual assessment of Egypt’s economy once the cash-strapped country manages to pass a delayed review of its $3 billion rescue program.
