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Australia home prices keep rising even as Sydney locks down

Reuters
A house under construction can be seen behind an advertising banner at a housing development located in the western Sydney suburb of Oran Park in Australia, October 21, 2017. REUTERS/David Gray SYDNEY, Aug 2 (Reuters) – Australian home prices motored ahead in July even as a coronavirus lockdown in Sydney......

China’s indebted Evergrande to sell stakes in internet unit for $418 mln

Reuters
A logo of China Evergrande Group is displayed at a news conference on the property developer’s annual results in Hong Kong, China March 28, 2017. REUTERS/Bobby Yip/File Photo HONG KONG, Aug 1 (Reuters) – China’s most indebted property developer Evergrande Group (3333.HK) has agreed to sell stakes in its internet......

Blackstone and Hudson Pacific plan $1 billion film studios in UK

Reuters
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid//File Photo LONDON, Aug 1 (Reuters) – U.S. firms Blackstone (BX.N) and Hudson Pacific Properties (HPP.N) said they planned......

Bombardier union workers ratify 3-year agreement to end strike at Toronto plant

Reuters
Bombardier Inc’s Global 7000 business jet flight test vehicle is shown on the floor of the company’s assembly line in Toronto, Ontario November 3, 2015. REUTERS/Euan Rocha OTTAWA, July 31 (Reuters) – The union workers at Bombardier Inc’s (BBDb.TO) Toronto business-jet assembly plant on Saturday ratified new, three-year collective bargaining......

Four killed as wildfires sweep Turkey, villages evacuated

Reuters
MANAVGAT, Turkey, July 30 (Reuters) – The death toll from wildfires on Turkey’s southern coast has risen to four and firefighters were battling blazes for a third day on Friday after the evacuation of dozens of villages and some hotels. More than 70 wildfires have broken out this week in......

Bombardier reaches deal in hopes of ending strike at Toronto plant

Reuters
A logo of jet manufacturer Bombardier is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse July 30 (Reuters) – Bombardier Inc (BBDb.TO)said on Friday it expects work to resume at a Toronto business-jet assembly plant soon, after......

Biden asks Congress to extend COVID-19 eviction ban set to expire this week

Reuters
WASHINGTON, July 29 (Reuters) – U.S. President Joe Biden asked Congress on Thursday to extend a moratorium on evictions to protect millions of U.S. renters and their families that is set to expire this week amid a deadly rise in coronavirus infections, the White House said. The Centers for Disease......

U.S. pending home sales decline in June as prices climb

Reuters
A “For Sale” sign is posted outside a residential home in the Queen Anne neighborhood of Seattle, Washington, U.S. May 14, 2021. REUTERS/Karen Ducey July 29 (Reuters) – Contracts to purchase previously owned U.S. homes declined in June in step with a spike in home prices after rebounding strongly in......

France’s TotalEnergies to buy back shares as fuel prices boom

Reuters
PARIS, July 29 (Reuters) – France’s TotalEnergies (TTEF.PA) said on Thursday it would use part of its cash flow for share buybacks, as rising oil and gas prices boosted profit and helped to offset the hit from selling out of one of its Venezuelan ventures at a loss. TotalEnergies has......

Lloyds restores dividend as profits rebound on sunnier outlook

Reuters
H1 pretax profit 3.9 billion pounds Bank buys wealth platform Embark Dividend restored as bad loan fears recede LONDON, July 29 (Reuters) – Lloyds Banking Group (LLOY.L) swung to a first-half profit on Thursday and announced an interim dividend, boosted by a house-buying frenzy and improved economic outlook in Britain.......

Fed says economy continues to ‘strengthen,’ cites progress on bond taper goals

Reuters
Fed to release policy statement at 2 p.m. EDT (1800 GMT) Officials expected to continue bond-buying taper debate Fed’s Powell scheduled to hold news briefing WASHINGTON, July 28 (Reuters) – The U.S. economic recovery remains on track despite a rise in coronavirus infections, the Federal Reserve said on Wednesday in......

International investor concerns mount over China’s tech rout

Reuters
Chinese Yuan banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration/File Photo LONDON, July 27 (Reuters) – International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China’s top tech stocks and began to seep into currency and debt markets.......

U.S. new home sales hit 14-month low amid supply constraints

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 New home sales drop 6.6% in June; May revised down Median house price rises 6.1% to $361,800 from year ago WASHINGTON,......

Spending to fight U.S. unemployment fraud brings boost, scrutiny to Alphabet-funded ID.me

Reuters
People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. REUTERS/Amira Karaoud/File Photo July 22 (Reuters) – An unprecedented number of people falsifying identities to claim U.S. jobless benefits during the pandemic sparked a surge in government spending to curtail the fraud,......

Blackstone doubles second quarter earnings on surging asset sales

Reuters
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid/File Photo July 22 (Reuters) – Blackstone Group Inc (BX.N), the world’s largest private equity firm, said on Thursday......

Warning signs for global recovery as Delta dims outlook

Reuters
LONDON, July 21 (Reuters) – A drubbing in world equity markets and a huge flight to safety into U.S. Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible any time soon. Data from the United States and China, which account for more than......

U.S. housing starts rise, building permits fall to eight-month low

Reuters
Housing starts increase 6.3% in June; May revised down Single-family starts rise 6.3%; multi-family up 6.2% Building permits drop 5.1%; single-family down 6.3% WASHINGTON, July 20 (Reuters) – U.S. homebuilding increased more than expected in June, but permits for future home construction fell to an eight-month low, likely reflecting uncertainty......

Investors flee stocks, pile into bonds as COVID-19 surges; oil plunges

Reuters
Dow has worst day in nine months Dollar rises broadly Oil prices fall more than 6% after OPEC+ resolves spat Government bond yields burrow lower as infections jump NEW YORK, July 19 (Reuters) – Stocks on Wall Street fell as much as 2% on Monday, with the Dow posting its......

Robinhood seeks up to $35 bln valuation in mega U.S. IPO

Reuters
July 19 (Reuters) – Robinhood Markets Inc is targeting a valuation of up to $35 billion in its initial public offering in the United States, the company revealed in a filing on Monday, setting the stage for one of the highly anticipated stock market listings of the year. The listing......

Ermotti-led SPAC to help Italy’s Zegna go public in $3.2 bln US deal

Reuters
MILAN, July 19 (Reuters) – Ermenegildo Zegna has agreed to list in New York this year by combining with a U.S. special-purpose acquisition company (SPAC) in a deal that gives the Italian luxury fashion group an enterprise value of $3.2 billion. It is the latest example of an Italian family-owned......

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