Office buildings in London’s financial district will lose a fifth of their value in the year through March, said JPMorgan Chase & Co. analysts, who stopped recommending clients buy shares of The British Land Co. Plc.
Ravi Menon, the Monetary Authority of Singapore’s longest-serving chief, will leave the central bank at the end of the year, to be succeeded by his former deputy Chia Der Jiun.
(Bloomberg) — European Central Bank Governing Council member Mario Centeno warned his colleagues that there’s a risk of raising interest rates too far.
Emerging-market central banks are joining their developed peers in pushing back against expectations of a rapid switch to cutting interest rates, souring the outlook for developing-nation bonds.
Banca Monte dei Paschi di Siena SpA was the lead decliner on the Italian stock benchmark index amid concern by analysts and investors about the lack of a clear strategy for the state’s sale of its stake.
China has proposed tougher-than-expected rules on commodities trading by its state-owned giants, as Beijing seek to tackle hidden risks in the world’s biggest raw materials market.
The outlook for oil prices, crude demand in top importer China, and the longevity of OPEC+ supply cuts are set to be among the key topics at Asia’s biggest gathering of the industry’s traders and executives, which kicked off in Singapore on Monday.
Tesla Inc.’s China deliveries surged last month as the electric-vehicle maker cut prices and rolled out the long-anticipated revamped Model 3.
Most base metals retreated after racking up a second weekly gain on China’s moves to ease stress in its struggling property market.
Doom-laden stories about China’s economy aren’t portraying an accurate picture of energy demand in the top crude importer, according to oil luminaries at a major conference in Asia.
