Housing Market

Brazil's Senate approves Eletrobras privatization bill


BRASILIA Brazil's Senate voted on Thursday to approve the basic text of a bill allowing the privatization of state-controlled energy giant Eletrobras, but the measure must return to the lower house for final passage due to changes made by senators.

Canadian home price gains accelerate again in May - Teranet

OTTAWA Canadian home prices accelerated again in May from the previous month, posting the largest monthly rise in the history of the Teranet-National Bank Composite House Price Index, data showed on Thursday.

2:43pm EDT

U.S. home buying and refinancing boom boosted mortgage lending in 2020

(Reuters) -Mortgage lending surged last year after the pandemic fueled a housing boom driven by low interest rates and the shift to work from home, according to information released Thursday by the Federal Reserve.

1:28pm EDT

HSBC to announce sale of French retail banking operations on Friday - sources

PARIS HSBC is set to announce the sale of its retail banking operations in France to private equity group Cerberus on Friday, three sources familiar with the matter said, after struggling to offload a business that will need restructuring.

12:54pm EDT

Analysis: Economists eye surging money supply as inflation fears mount

Some economists are warning that surging money supply may exacerbate a rise in U.S. inflation, which is already accelerating at its fastest rate in more than a decade.

11:00am EDT

Malaysia's CTOS signs 20 cornerstone investors for $290 million IPO, including AIA -sources

KUALA LUMPUR (Reuters) -Malaysian credit reporting firm CTOS Digital Bhd has secured more than 20 cornerstone investors for its planned public market debut next month, including AIA Group Ltd and Aberdeen Standard Investments, two sources familiar with the deal said.

10:06am EDT

The great exit: central banks line up to dial back emergency stimulus

LONDON The U.S. Federal Reserve is projecting a faster timetable for interest rate rises and Norway's central bank is preparing markets for four rate hikes by mid-2022, the latest signs policymakers are preparing to exit pandemic-driven stimulus.

9:04am EDT

Commerzbank sees Polish court ruling in summer, mBank in focus

FRANKFURT Commerzbank expects Poland's Supreme Court to rule in August or September on contested Swiss franc loans, its finance chief said, as the bank prepares for heavy writedowns at its Polish mBank subsidiary in the wake of the decision.

7:56am EDT

Analysis: Shaken but not stirred: bond markets may weather hawkish Fed for now

LONDON A hawkish shift at the U.S. Federal Reserve has ended a weeks-long rally in bond markets, but don't bet on a repeat of the sharp selloff seen earlier this year just yet.

6:35am EDT

Swedish Left Party to seek support for no-confidence vote in PM Lofven

STOCKHOLM Sweden's Left Party said on Thursday it would seek support to bring a motion of no-confidence in Prime Minister Stefan Lofven over plans to ease rent control rules for newly built apartments.

5:54am EDT