By Sinead Cruise, Iain Withers and Hadeel Al Sayegh LONDON/DUBAI (Reuters) – As cranes speckle the Dubai skyline and ultra-luxury homes change hands at record prices, signs that the city-state’s property boom is fizzling out are coming into view. Developers, investors and brokers are privately asking how quickly one of last year’s hottest real estate …
Analysis-Dubai’s property boom shows signs of fizzling out Read More »
By David Lawder CHICAGO (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday drew a stark contrast between President Joe Biden’s economic policies and those of former President Donald Trump, saying that Biden’s approach has produced the “fairest recovery on record” and will reap more benefits for the middle-class. Two days after Trump tightened his grip …
Yellen says Biden’s policies help US middle class more than Trump’s Read More »
(Reuters) -An outage at fintech firm EquiLend has impacted some automated securities lending services, a spokesperson at the Financial Services Information Sharing and Analysis Center (FS-ISAC) said on Thursday. Market participants have adjusted by moving to manual processes, with limited impact, the spokesperson added. EquiLend, a company at the heart of securities lending on Wall …
EquiLend outage hits some automated securities lending services Read More »
By Lewis Krauskopf NEW YORK (Reuters) – The U.S. stock market’s march to all-time highs is putting the spotlight on its large valuation premium over global equities, leading some investors to look abroad for outsize returns. The S&P 500 topped most key regional indexes in 2023 with a 24% gain, building on a decade of …
Analysis-Record-high US stocks grow more expensive versus global peers Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy grew faster than expected in the fourth quarter amid strong consumer spending, and shrugged off dire predictions of a recession after the Federal Reserve aggressively raised interest rates, with growth for the full year coming in at 2.5%. The Commerce Department’s advance fourth-quarter gross domestic product …
US economy brushes aside recession fearmongering with strong Q4 performance Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank held interest rates at a record-high 4% on Thursday and reaffirmed its commitment to fighting inflation even as the time to start easing borrowing costs approaches. The ECB ended its fastest-ever cycle of rate hikes in September and it has been adamant, including …
ECB sticks to inflation fighting even as rate cuts loom Read More »
By Echo Wang NEW YORK (Reuters) – BrightSpring Health Services, which is owned by private equity firm KKR & Co, is considering pricing its initial public offering at below its targeted range, according to a person familiar with the matter. BrightSpring, which was aiming to price its offering between $15 and $18 apiece, is discussing …
KKR-backed BrightSpring set to price IPO below targeted range-source Read More »
ROME (Reuters) – Italy’s industry minister, Adolfo Urso, has no plans to promote measures to help borrowers in arrears and would rather leave the matter with parliament, he told Reuters, after proposals to reform bad-loan legislation alarmed investors. Urso has long advocated introducing measures to allow borrowers that have fallen in arrears still redeem their …
Italy industry minister has no bad-loan proposal in the offing Read More »
By Pritam Biswas (Reuters) -Cancer drug developer CG Oncology notched up a valuation of $1.75 billion in its market debut on Thursday, after its shares jumped 52.6% at the open, as new listings pick up pace. The IPO market is looking for a turnaround in fortunes as bets of a soft-landing for the U.S. economy …
Cancer drug developer CG Oncology valued at $1.75 billion in strong debut Read More »
By David Lawder CHICAGO (Reuters) – U.S. President Joe Biden’s second-term economic agenda will focus heavily on “tax fairness” that makes wealthy people and corporations pay more, and will likely revisit unrealized funding for child care and other workforce expansion programs, Treasury Secretary Janet Yellen said on Thursday. Yellen, who is in Chicago to tout …
Yellen says ‘tax fairness,’ workforce funds key to Biden’s second-term agenda Read More »
