 | | | | U.S. homebuilding unexpectedly rose in March, but starts for single-family housing tumbled amid rising mortgage rates. | | | | | | Australian wealth manager AMP Ltd confirmed on Tuesday it was in talks with multiple parties, including real estate firm Dexus , for a potential sale of assets and businesses of its investment management unit Collimate Capital, formerly AMP Capital. | | | | | | Brazilian lender Itau Unibanco said on Monday it has reached a deal to acquire a 12.82% stake in the agribusiness marketplace Orbia, formally known as Rede Agro Fidelidade e Intermediacao. | | | | | | U.S. inflation is "far too high," St. Louis Federal Reserve Bank President James Bullard said on Monday as he repeated his case for increasing interest rates to 3.5% by the end of the year to slow what are now 40-year-high inflation readings. | | | | | | Confidence among U.S. single-family homebuilders fell to a seven-month low in April as surging mortgage rates and snarled supply chains boosted housing costs, shutting out some first-time buyers from the market, a survey showed on Monday. | | | | | | U.S. households expect home prices and rents to rise sharply this year, and while growth in both are then seen slowing, renters see their chances of ever owning a home fading fast, according to a new survey by the Federal Reserve Bank of New York. | | | | | | With soaring interest rates scaring off would-be mortgage borrowers, the outlook for banks' home lending portfolios is gloomy, according to first quarter filings and analysts. | | | | | | U.S. equity funds faced heavy outflows in the week to April 13, as investors were spooked by rising yields and fears that the impending monetary tightening from the Federal Reserve would slow growth. | | | | | | The Russian invasion of Ukraine is making Cuba's three-year-old foreign exchange crisis worse as import costs jump, undermining an incipient recovery and threatening more hardship for residents, according to economic experts and businessmen. | | | | | | Bank of America Corp provided a bullish outlook after reporting a smaller-than expected 13% fall in first-quarter profit on Monday, as growth in consumer lending overshadowed a decline in global dealmaking. | | | | | |
