LONDON Global investors dumped equities in July and raised bond allocations after Britain's vote to leave the European Union and subsequent signs of damage to economic growth prompted a dash toward fixed income.
SHANGHAI China fund managers trimmed their suggested equity exposure for the next three months from a one-year high in the face of continued downward pressure on the domestic economy and stepped-up regulation, according to Reuters' latest monthly poll.
LONDON Shockwaves from Britain's vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country's biggest banks, big extra costs for Ford, and consumer confidence plunging.
TOKYO U.S. buyout firm Bain Capital is selling part of its Japan hotel assets through a real estate investment trust (REIT) initial public offering (IPO) in Tokyo that may raise nearly 20 billion yen ($190.35 million), sources familiar with the matter said.
SAO PAULO Fosun International Ltd is in advanced talks to buy Brazilian fund manager Rio Bravo Investimentos Ltda, a source familiar with the matter said on Wednesday, in what would be the Chinese firm's first investment in Brazil.
Hilton Worldwide Holdings Inc and smaller rival Marriott International Inc lowered their full-year forecasts for a key revenue metric, underscoring the impact of political and economic uncertainties in markets outside the United States.
WASHINGTON The U.S. Treasury on Wednesday expanded its hunt for international criminals who launder money through real-estate deals by ordering title insurance companies to report all-cash buyers' identities in parts of California and Texas, as well as greater swaths of New York and Florida.
ONTINYENT, Spain The patient had made an appointment to see the surgeon at his consulting room in the local hospital, but when he arrived, he told Dr Antonio Carbonell he wasn't actually unwell. He wanted to talk about his mortgage.
WASHINGTON Contracts to buy previously owned U.S. homes rose far less than expected in June, another sign that a lack of inventory is crimping activity despite mortgage rates being at near-record lows.
BEIJING Property sales in Beijing rose 64.8 percent in 2015, boosted by more favorable housing policies, according to a real estate white paper released by the city's government.
Business News Headlines
- Data in focus as market struggles for direction
- 'Sell everything,' DoubleLine's Gundlach says
- Oil rout erodes second-quarter profits for U.S. majors Exxon, Chevron |
- Berkeley study finds scarce evidence of market 'front-running'
- Delaware judge proposes October trial over removal of Viacom directors
- SABMiller backs AB InBev offer for biggest-ever consumer takeover
- U.S. authorities subpoena Goldman in 1MDB probe: WSJ
- No clean bill of health for EU banks in stress test
- Exclusive: California regulator says testing to begin on Volkswagen diesel fix
- UK and China regulators discuss framework for financial projects