In China, home buyers occupy their ‘decaying’, unfinished properties

GUILIN, China, Sept. 26 (Reuters) – For six months, the home for Ms Xu was a room in a high-rise apartment in the southern Chinese city of Guilin, which she bought three years ago, attracted by brochures touting the river view and the clean air of the city. Her living conditions, however, are far from … Read more

Britain is betting everything on historic tax cuts and loans, investors scare

Register now for FREE unlimited access to Reuters.com Register Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed … Read more

In Argentina, where inflation is expected to hit 95 percent by year-end, people mourn the ‘death’ of their wages

Around the world, countries are grappling with rising inflation due to the COVID-19 pandemic and the global uncertainty created by Russia’s invasion of Ukraine. Most important points: Many tenants in the capital Buenos Aires suffer from inflation An expert says Argentina is struggling to implement political solutions because it lacks “stable enough regimes or institutions” … Read more

Morning Bid: Powell for the People

Jerome Powell, chairman of the Federal Reserve Board, speaks at a press conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, US, July 27, 2022. REUTERS/Elizabeth Frantz/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 26 (Reuters) – A look at Jamie McGeever’s day ahead of … Read more

House prices in Australia fall, Sydney suffers worse month in 40 years

FILE PHOTO – Homes on display in Australia’s Clovelly suburb of Sydney, July 19, 2015. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register SYDNEY, Aug. 1 (Reuters) – Australian house prices fell for a third month in July, accelerating the pace as Sydney experienced its worst decline in nearly 40 years amid … Read more

Nowhere to live: Rents in Canada rise as house prices fall

OTTAWA, July 22 (Reuters) – Canadian house prices are falling rapidly after rising during the coronavirus pandemic, but that offers little relief for consumers faced with skyrocketing rents and declining purchasing power as interest rates rise. Desperate would-be buyers plunged into a frenzy of real estate bidding wars during the pandemic, when house prices in … Read more

Deutsche Telekom sells tower activities to N. American consortium – Handelsblatt

Brochures bearing the Deutsche Telekom AG logo are pictured in the shop at the German telecommunications giant’s headquarters in Bonn, Germany, Feb. 19, 2019. REUTERS/Wolfgang Rattay/ Register now for FREE unlimited access to Reuters.com Register BERLIN, July 13 (Reuters) – Deutsche Telekom (DTEGn.DE) will sell 51% of its tower business to a consortium of Canadian … Read more