Existing home sales fall 1.5% in December Sales fall 17.8% in 2022, the biggest annual drop since 2008 Median home price rises 2.3% from a year ago WASHINGTON, Jan 20 (Reuters) – U.S. existing home sales fell to their lowest level in 12 years in December, but falling mortgage rates prompted cautious optimism that the …
US home sales fall to 12-year low; glimmers of hope are emerging Read More »
Jan 20 (Reuters) – Crypto firm Genesis’s lending unit filed for U.S. bankruptcy protection against creditors on Thursday, overturned by a market rout with companies like exchange FTX and the BlockFi lender. Genesis Global Capital, one of the biggest crypto lenders, froze client redemptions on November 16 after FTX stunned the financial world with its …
Genesis crypto lending unit files for bankruptcy in the US Read More »
SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA (AMER3.SA)’s application for bankruptcy protection, days after the company disclosed nearly $4 billion accounting inconsistencies that sparked a legal dispute with creditors and investors. Americanas, a 93-year-old company with stores across Brazil and a major e-commerce unit, …
Brazilian court grants bankruptcy protection to retailer Americanas Read More »
40% of ECB staff have little or no confidence Two-thirds say trust is damaged 63% are worried about the ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This story from Jan 17 has been corrected to restore deleted words in paragraph 11) European Central Bank staff are losing faith in the institution’s …
Exclusive: ECB union says staff are losing faith in leadership amid inflation and wages Read More »
BOJ keeps interest rate targets and yield band intact BOJ Accelerates Market Mining Tool, Signals Status Quo on YCC Board raises inflation forecast but cuts growth forecast TOKYO, Jan 18 (Reuters) – The Bank of Japan kept interest rates rock-bottom on Wednesday, including a bond yield cap it struggled to defend, defying market expectations that …
BOJ defies market bets for policy tweaks, sending yen tumbling Read More »
Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected 69% drop in fourth-quarter profit on Tuesday as it battled a drop in deals, lower revenue from the asset and wealth management and recognized losses in its consumer business. Wall Street banks are making drastic staff cuts and streamlining operations as trading activity, …
Goldman misses earnings estimates as deals slump and consumer business hits Read More »
Euro STOXX 600 down 0.2% China’s growth in 2022 is one of the worst in nearly 50 years Asian stocks slip 0.4% Yen close to 7-month highs LONDON, Jan 17 (Reuters) – Shares tumbled on Tuesday after China’s 2022 growth slump, halting their New Year’s rally and keeping investors on edge for the risk of …
Stocks stumble as Chinese data stoke global economy fears Read More »
Jan 17 (Reuters) – Bitcoin is in charge in 2023, dragging the crypto market to the ground and electrifying bonk, a new meme coin. The No. 1 cryptocurrency posted a 26% gain in January, surging 22% in the past week alone, climbing back above the $20,000 level and setting itself on course for its best …
BOJ under heavy pressure as it defends yield policy Yen hits 7-month high, yuan climbs as dollar eases More profits to come, many central bank speakers Britain’s FTSE flirts with a record SYDNEY/LONDON, Jan 16 (Reuters) – Stocks firmed on Monday as optimism over corporate earnings and the reopening of China feared the Bank of …
Stocks Rise, Yen Climbs as BOJ Battles Bond Bears Read More »
Global stocks rise an inch; dollar close to 7-month lows Yen gains on BOJ report to examine effects of policies Eyes on the US CPI due at 13:30 GMT Eurozone Treasuries and bonds contribute to gains MILAN, Jan 12 (Reuters) – Global stocks held up modest gains on Thursday on cautious optimism that U.S. data …
Stocks hold onto gains ahead of US inflation test Read More »
