Lavish $2M Mediterranean estate hits the market in Toms River comes complete with urban legend tied to Derek Jeter
Toms River, NJ – A sprawling Mediterranean-inspired mansion, long rumored to have ties to New York Yankees legend Derek Jeter, is on the market in Toms River with a $1.99 million price…
UK property market weakest since 2010 as uncertainty weighs: RICS
By Suban Abdulla LONDON (Reuters) – British house prices registered the most widespread falls in 13 years last month as buyer demand and sales activity weakened more sharply than expected in the…
Davos 2023 – Citi CEO Fraser says China opening up is good news for the market
DAVOS, Switzerland (Reuters) – China’s opening up is important for the world and there is good news from market friendly measures taken there, Citi Group’s chief executive Jane Fraser told a panel…
Hedge fund manager Boaz Weinstein bets market is wrong on Credit Suisse
By Nell Mackenzie LONDON (Reuters) – Hedge fund manager Boaz Weinstein doesn’t believe Credit Suisse will default on its debt but if it does, the derivatives trade he has on the bank…
Volkswagen relishes competition in Chinese EV market
By Victoria Waldersee and Jan Schwartz BERLIN (Reuters) -Volkswagen wants to expand both its higher-end and lower-end offering in the Chinese market, China chief Ralf Brandstaetter said on Monday, calling the country’s…
What is happening in Japan’s bond market?
By Junko Fujita TOKYO (Reuters) – Market forces have pushed Japanese government bond yields above policy targets. The moves are the biggest test in seven years of yield control in Japan, and…
Ex-Goldman bankers tap LinkedIn, headhunters in frail financial jobs market
By Scott Murdoch, Selena Li and Sinead Cruise SYDNEY/HONG KONG/LONDON (Reuters) – Newly unemployed Goldman Sachs workers are tapping head-hunters after losing their jobs in its biggest restructuring since the 2008-9 financial…
Global PC market seen to recover late 2023 – reports
(Reuters) – Global personal computer shipments are expected to rise starting late 2023, with a new cycle of system upgrades likely to accelerate growth next year, according to research firms IDC and…
UK jobs market softens again in December – REC
LONDON (Reuters) – Britain’s labour market cooled further in December, according to a survey of recruiters published on Tuesday that may ease some of the Bank of England’s concerns about the risks…
Rebounding EM stocks pass “bull market” threshold
LONDON (Reuters) – Fast-charging emerging market stocks were entered so-called “bull market” territory on Monday, as another China-driven surge in Asia’s biggest bourses pushed MSCI’s main EM index 20% above its last…
Fed will face complicated choices as labor market softens: George
(Reuters) – The Federal Reserve will face some hard choices and delicate communications challenges as it fights still-high inflation even as the labor market begins to soften, Kansas City Federal Reserve Bank…
US payrolls show labor market remains strong but wages rises cool
NEW YORK (Reuters) – The U.S. economy maintained a strong pace of job growth in December, with the unemployment rate falling to 3.5%, but higher borrowing costs as the Federal Reserve fights…
Private Job Growth Smashes Expectations As Labor Market Stays Stubbornly Hot
Private Job Growth Smashes Expectations As Labor Market Stays Stubbornly Hot John Hugh DeMastri on January 5, 2023 Private firms shattered investor expectations for job growth in December, adding 235,000 workers mostly…
U.S. IG bond market kicks off 2023 with flurry of new deals
By Matt Tracy and Davide Barbuscia (Reuters) – The U.S. investment-grade primary bond market is kicking off 2023 with a rush of new offerings, as companies take advantage of a favourable market…
Big Tech Took A Market Beating In 2022
Big Tech Took A Market Beating In 2022 John Hugh DeMastri on January 1, 2023 It was a difficult year for Big Tech, with the “Big Five” of Amazon, Apple, Google-parent Alphabet,…
Indonesia eyes $11 billion in capital market fundraising this year
JAKARTA (Reuters) – Indonesia is targeting 170 trillion rupiah ($10.92 billion) in capital market fundraising for this year, including from initial public offerings and debt instruments, its financial regulator said on Monday,…
Stumbling Treasury rally clouds bond market outlook for 2023
By Davide Barbuscia NEW YORK (Reuters) – U.S. government bond investors hurting after the biggest annual decline in the history of the asset class are riding out yet another selloff, as worries…
Exclusive-Russia likely to buy yuan on FX market in 2023 – sources
By Elena Fabrichnaya MOSCOW (Reuters) – Russia will start buying yuan on the currency market next year if oil and gas revenues meet expectations, two sources said, opening a new front in…
Home Sales Plunge In November As Housing Market Cracks Under High Prices
Home Sales Plunge In November As Housing Market Cracks Under High Prices John Hugh DeMastri on December 21, 2022 Sales of existing homes fell severely in November, but prices remained elevated compared…
Australian stock exchange’s blockchain failure burns market trust
By Byron Kaye SYDNEY (Reuters) – In a Sydney hotel conference room in May, Tim Hogben, the head of securities and payments for ASX Ltd, which runs the Australian stock exchange, told…
China’s re-opening to lift Asia equity capital market volumes from three-year lows
By Scott Murdoch SYDNEY (Reuters) – Asian equity capital markets activity, languishing at three-year lows now, is set to get a much needed boost in 2023 from China’s expected re-opening to the…
U.S. SEC votes to advance stock market overhaul proposals
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday voted in favor of proposing some of the biggest changes to the structure of American equity markets in nearly two…
Explainer-Who would the U.S. SEC’s proposed stock market overhaul impact?
By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is set to vote on Wednesday on advancing rule proposals related to the handling and execution of stock orders…
Glennmont Partners enters U.S. renewables market with solar joint venture
By Nina Chestney LONDON (Reuters) – Europe-based renewable energy investor Glennmont Partners plans to enter the U.S. renewables market for the first time via a joint venture with solar developer GreenGo Energy…
Bank of Korea board members called for closer watch on market instability
SEOUL (Reuters) – Most of the Bank of Korea’s policy board members called for closer attention toward signs of stress in local financial markets while agreeing to a rate hike at their…
Mexico’s Monex launches share buyback in move toward market exit
MEXICO CITY (Reuters) – Mexican brokerage Grupo Financiero Monex launched a public tender offer on Friday for its shares, priced at 668.23 million pesos ($33.85 million), as the company moves to finalize…
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