News
UK’s Home sales are experiencing severe decline since 2008
Home sales in the UK are experiencing the most severe decline since the 2008 financial crisis, the Royal Institution of Chartered Surveyors said. Britain’s vote to leave the EU has shaken the confidence of consumers […]
ECB’s negative rates have been effective, economist says
Between 50% and 75% of the European Central Bank’s interest-rate changes were transmitted to the real economy, JPMorgan Chase economist David Mackie calculated in response to Bank of England Governor Mark Carney’s disparaging remarks on […]
PBOC decides against further monetary easing
The People’s Bank of China said in its monetary policy report that it isn’t planning any additional monetary easing. The central bank rejected the idea of lowering its bank required reserve ratio, saying that would […]
China’s banks pour capital into international M&A market
Banks in China are rapidly increasing participation in the financing of global mergers and acquisitions. Encouraged by Premier Li Keqiang’s “going out” policy, lenders have raised their share of global syndicated loans for mergers and […]
British pound falls below $1.30
The British pound fell below $1.30 as traders braced for a series of reports next week that could give them a better picture of how much damage the Brexit vote is imposing on the UK […]
US posts lower productivity for Q2
US productivity declined an annualized 0.5% in the second quarter, the third straight quarterly decrease, and 0.4% during the previous 12 months, the first full-year drop since 2013. Limited corporate investment in technology is behind […]
British buyouts drop 95% since Brexit vote
Private equity deals in the UK have fallen 95% since the country voted to leave the EU, with 17 deals worth $165 million completed from June 24 to Aug. 2, according to Dealogic. European private […]
Twitter announces expansion of Moments to all users
Twitter intends to expand its Moments feature to all its users in the coming months, but in the meantime, it is opening it up to more brands, influencers and partners. Moments focuses on tying together […]