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October 25, 2021

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China to pilot property tax scheme in some regions -Xinhua

Reuters
A man rides a scooter past apartment highrises that are under construction near the new stadium in Zhengzhou, Henan province, China, January 19, 2019. Picture taken January 19, 2019. REUTERS/Thomas Peter SHANGHAI, Oct 23 (Reuters) – The top decision-making body of the Chinese parliament said on Saturday it will roll......

U.S. pending home sales jump to seven-month high; mortgage applications fall

Reuters
Real estate signs advertise new homes for sale in multiple new developments in York County, South Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson//File Photo Pending home sales increase 8.1% in August Contracts rise in all four regions Applications for home purchase loans fall last week WASHINGTON, Sept 29 (Reuters) –......

Evergrande set to miss second offshore bond coupon payment this month, sources say

Reuters
Some Evergrande bondholders had not received coupon on Wednesday Evergrande was facing Wednesday deadline for $47.5 mln payment Company sold $1.5 billion stake in Shengjing Bank Shares in Evergrande rise as much as 17% HONG KONG, Sept 29 (Reuters) – At least some of China Evergrande’s offshore bondholders had not......

PBOC promises to protect consumers as China Evergrande teeters

Reuters
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song Housing consumers rights to be safeguarded – PBOC Evergrande shares up, bonds remain at distressed prices EV unit slides after cash warning Wednesday payment deadline looms BEIJING/HONG KONG,......

U.S. new home sales beat expectations; supply near 13-year high

Reuters
New home sales increase 1.5% in August; July revised up Median sales price rises 20.1% from year ago WASHINGTON, Sept 24 (Reuters) – Sales of new U.S. single-family homes increased for a second straight month in August, but demand for housing has probably peaked after a COVID-19 pandemic-fueled buying frenzy.......

U.S. existing home sales fall in August; price appreciation slowing

Reuters
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. REUTERS/Mike Blake/File Photo Existing home sales fall 2.0% in August Housing inventory declines 13.4% from a year ago Median house price increases 14.9% from a year ago......

Labor, building material shortages depress U.S. single-family housing starts

Reuters
A carpenter works on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. REUTERS/Octavio Jones Housing starts increase 3.9% in August; July revised up Single-family starts fall 2.8%; multi-family jump 21.6% Building permits jump 6.0%; single-family......

TV aggregator Roku to launch its players in Germany

Reuters
A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, U.S., September 28, 2017. REUTERS/Brendan McDermid BERLIN, Sept 6 (Reuters) – (This Sept. 6 story corrects final paragraph on UK pricing of......

Japan’s tepid July household spending adds to economic recovery doubts

Reuters
People wear protective masks in a shopping district amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, December 14 , 2020. REUTERS/Kim Kyung-Hoon/File Photo/File Photo July household spending up 0.7% y/y vs f’cast +2.9% Household spending down 0.9% m/m in July vs f’cast +1.1% Spending growth picks up after June’s......

In Buenos Aires downtown, a city seeks new lease of life after pandemic ‘iceberg’

Reuters
BUENOS AIRES, Sept 6 (Reuters) – In downtown Buenos Aires, the scars of the pandemic are clear for all to see. In store windows, signs read “We’re leaving,” “Final settlement,” and “Closing down” – a reminder of the painful economic impact of COVID-19. As with city centers elsewhere, Argentina’s picturesque......

JD.com unit makes $513 mln controlling bid in China Logistics

Reuters
Sept 3 (Reuters) – Chinese e-commerce giant JD.com Inc (9618.HK), ‘s real estate unit has made an about HK$3.99 billion ($513.45 million) offer to buy a controlling stake in storage facilities manager China Logistics Property Holdings (1589.HK), the companies said in a joint exchange filing on Friday. JD Property Group......

CMC warns on profits as trading volumes ease after frenzy

Reuters
Dealers work at their desks whilst screens show market data following a vote on Prime Minister Theresa May’s Brexit ‘plan B’ at CMC Markets in London, Britain, January 30, 2019. REUTERS/Dylan Martinez CMC says market activity subdued Shares slump 27%, set for worst day since 2016 Sept 2 (Reuters) –......

Ryanair passenger numbers rise in August to 11.1 million

Reuters
Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland, May 1, 2020. REUTERS/Jason Cairnduff DUBLIN, Sept 2 (Reuters) – Ryanair (RYA.I) on Thursday said it flew 11.1 million passengers in August, 75% of the number the budget airline carried in August 2019......

Yemen gets first batch of J&J COVID-19 vaccines

Reuters
The Johnson & Johnson coronavirus disease (COVID-19) vaccine is seen at the OSU Wexner Medical Center in Columbus, Ohio, U.S. March 2, 2021. REUTERS/Gaelen Morse ADEN, Aug 29 (Reuters) – Yemen received its first shipment of COVID-19 vaccines made by Johnson & Johnson (JNJ.N) on Sunday, roughly 151,000 doses, the......

U.S. Supreme Court ends federal residential eviction moratorium

Reuters
WASHINGTON, Aug 26 (Reuters) – The U.S. Supreme Court on Thursday ended the pandemic-related federal moratorium on residential evictions imposed by President Joe Biden’s administration in a challenge to the policy brought by a coalition of landlords and real estate trade groups. The justices, who in June had left in......

German court says EU rules apply to Nord Stream 2 pipeline

Reuters
A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, September 10, 2020. REUTERS/Hannibal Hanschke DUESSELDORF, Aug 25 (Reuters) – The Nord Stream 2 gas pipeline is not exempt from European Union rules that require the owners of pipelines to be different......

Oil up 2% on brighter demand outlook and Mexican outage

Reuters
Pfizer-BioNTech COVID-19 vaccine gains full U.S. approval Mexico offshore platform fire takes 400,000 bpd offline U.S. to sell up to 20 mln barrels of SPR stocks LONDON, Aug 24 (Reuters) – Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as U.S. regulators issued their first......

Biden administration defends eviction ban at U.S. Supreme Court

Reuters
A “For Rent” sign is placed in front of a home in Arlington, Virginia, U.S., June 8, 2021. REUTERS/Will Dunham/File Photo WASHINGTON, Aug 23 (Reuters) – President Joe Biden’s administration on Monday asked the U.S. Supreme Court to leave in place a COVID-19 pandemic-related federal ban on residential evictions while......

Oil prices rebound from 7-day losing streak as investors snap up bargains

Reuters
TOKYO, Aug 23 (Reuters) – Oil prices reversed out of a seven-day losing stretch on Monday as investors punted on crude at bargain levels, though lingering fears over how a surge in globalCOVID-19 cases might affect fuel demand combined with a firmer U.S. dollar to limit gains. Brent crude futures......

Appeals court rejects latest bid to halt U.S. eviction moratorium

Reuters
WASHINGTON, Aug 20 (Reuters) – A federal appeals court on Friday rejected a bid by groups representing landlords to halt the latest moratorium on residential evictions imposed by President Joe Biden’s administration, setting up a U.S. Supreme Court showdown. In a written order, the U.S. Court of Appeals for the......

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