Bloomberg
Warren Buffett's Berkshire Hathaway Bets on Homebuilders
Warren Buffett's Berkshire Hathaway Inc. slashed its stake in Activision Blizzard Inc. by 70% during the second quarter, but took a much bigger interest in homebuilders. Bloomberg's Katie Greifeld reports.
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Bloomberg
China's Central Bank Cuts Key Rate as Economic Data Disappoint
The People's Bank of China has unexpectedly cut a key interest rate by the most since 2020. The central bank lowered the rate on its one-year loans or medium-term lending facility by 15 basis points to 2.5%. The seven-day reverse...
Bloomberg
UK House Prices Decline at Fastest Pace Since 2009
British home prices fell 3.8% last month, the third straight month that prices had fallen at their fastest pace since the global financial crisis in 2009. Katie Linsell reports on Bloomberg Television.
Bloomberg
China to Consider Mortgage Easing to Spur Home Purchases
China is said to be considering easing homebuying restrictions in some of its biggest cities, according to people familiar with the matter. This potentially removes the hurdle that has curbed demand in places like Beijing and Shanghai....
Bloomberg
Visible Recovery of China Home Sales Unlikely, CreditSights Says
Zerlina Zeng, senior credit analyst at CreditSights, discusses the prospects for China's credit and property markets. She speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Asia."
Bloomberg
New US Home Construction Retreated in June
Residential starts fell 8% last month to a 1.43 million annualized rate, according to government data. Mike McKee breaks down the numbers on "Bloomberg Surveillance."
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Bloomberg
Swedbank CEO on 2Q Earnings, Higher Interest Rates
Swedbank's second quarter profit has topped estimates thanks to tailwinds from rising interest rates. Net interest income at Sweden's second biggest bank rose 7% in the three months through June, compared to the first quarter. Chief...
Bloomberg
US Banks Face Stiffer Mortgage Capital Rule Than Basel
US Bank regulators are set to release their plans next week for a sweeping overhaul of capital rules, with the latest draft including requirements for large lenders' residential mortgages that go beyond international standards, according...
Bloomberg
PGIM's Peters Sees 'Cracks' in Commercial Real Estate
Greg Peters, co-CIO at PGIM Fixed Income, says there are "cracks" appearing in commercial real estate. He also comments on why he sees opportunities in emerging-market bonds as inflation pressures wane.
Bloomberg
UK Latest: BOE's Bailey on Rising Mortgage Costs
Bank of England Governor Andrew Bailey says rising mortgage costs are "part of the transmission of monetary policy," as the BOE warns that some 4 million households will face a sharp increase in mortgage costs. Bailey speaks during a BOE...
Bloomberg
UK Latest: House Prices Fall Most in Over a Decade, Halifax Says
UK house prices are falling at their fastest annual pace since 2011, Halifax said, as the property market buckles in the face of rising borrowing costs. The average cost of a home declined 2.6% in June from a year earlier to £285,932...
Bloomberg
Women Hit Harder by London's Surging Rents
London Rent is now so high that a woman on an average salary would need to double her pay to afford it. Haidi Stroud-Watts and Rishaad Salamat report on Bloomberg Television.
Bloomberg
UK Latest: Annual House Prices Decline Most Since 2009
The decline in UK house prices accelerated in June, according to Nationwide Building Society, likely fueling concerns about the impact of soaring mortgage rates on borrowers during a cost-of-living crunch. Lizzy Burden reports on...
Bloomberg
The Debt Crisis Looming in Commercial Real Estate
John Gittelsohn and Natalie Wong discuss how higher interest rates are impacting the property market and commercial real estate on Bloomberg Television.
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Bloomberg
UK Latest: Millions Facing Mortgage Crisis
Britain's mortgage market has become a horror show for borrowers and the government as soaring interest rates threaten to leave households destitute and the economy on the rocks. Jamie Rush of Bloomberg Economics has more.
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Press Association
Interest rate rises 'inevitable' says Keir Starmer
Keir Starmer speaks to the media during a walkabout ahead of the Uxbridge and South Ruislip by-election.
Bloomberg
BOE Must Not Enter Panic Mode on Inflation: CEBR CEO
Nina Skero, CEO at Centre for Economic and Business Research, doesn't see "the need for this complete sense of panic" over the latest UK inflation data and explains why the Bank of England should not deliver a 50-basis point hike on...
Bloomberg
Fed's Powell: Housing Inflation to Fall 'Significantly'
Federal Reserve Chair Jerome Powell says housing supply and demand are "getting back into alignment" during his semiannual monetary policy report to the House Financial Services Committee.
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Bloomberg
UK Latest: How Rising Mortgages Hurt the Economy
The squeeze on finances for thousands of British homeowners is set to intensify after a key rate on mortgage borrowing climbed to its highest level since December. John Stepek explains how this hurts the UK economy. He speaks on...
Bloomberg
Pimco CEO Roman on Bank Assets, AI and Fund Management
Pimco CEO Manny Roman discusses the company's plan to be a buyer of mortgages and other bank assets, his thoughts on commercial real estate and artificial intelligence, and Pimco's fund management strategy with Jonathan Ferro on...
Bloomberg
Pimco Will Be a Buyer of Bank Assets, CEO Roman Says
"Banks are going to be tight for capital," Pimco CEO Manny Roman says during an interview with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
UK House Price Decline Resumes as Headwinds Increase
UK house prices declined once again in May, falling 0.1% after a 0.4% gain the month before. The annual pace of declines reached 3.4%, the sharpest since 2009. Lizzy Burden reports on Bloomberg Television.
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Press Association
Dublin residents speak of stress and nightmares ahead of eviction date
Two residents who are due to be evicted from their Dublin city apartment block have spoken about the stress and anxiety of not knowing where they will live. More than 30 households were served with an eviction notice in October, with 13...
Bloomberg
US Existing-Home Sales Rise by Most Since Mid-2020
US sales of previously owned homes rose in February by the most since mid-2020. Guy Johnson and Alix Steel react to the numbers on "Bloomberg Markets."
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