By Marc Jones LONDON (Reuters) -Signs of de-dollarisation are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said on Monday, although the currency should maintain its long-held dominance for the foreseeable future. The strains of steep U.S. interest rate rises and sanctions that have frozen Russia out of the global banking…
By Doyinsola Oladipo and Bianca Flowers NEW YORK (Reuters) – U.S. hotel executives say they are betting on brands that specialize in extended stays for travelers, viewing those projects as less risky given the struggle developers face in securing financing for new construction. Hotel room supply in the United States is currently at multi-year lows,…
(Reuters) – Canadian insurer Fairfax Financial Partners said on Monday it had agreed to buy a huge chunk of PacWest Bancorp real estate loans from property investment firm Kennedy-Wilson Holdings Inc for $2.1 billion. PacWest had agreed last month to sell 74 real estate construction loans to Kennedy-Wilson for $2.4 billion and at a $200…
By Brendan O’Brien (Reuters) – The body of a man killed when an apartment building partially collapsed in Davenport, Iowa, was recovered from the rubble on Monday, bringing the death toll to three, the city’s police chief said. Crews found the body of Daniel Prien, 60, eight days after the center portion of the apartment…
By Pete Schroeder WASHINGTON (Reuters) – U.S. banks could face capital hikes of as much as 20% under new rules being prepared by U.S. regulators as part of a global effort to harmonize capital requirements, a person familiar with the matter said on Monday. U.S. regulators, led by the Federal Reserve, are expected to unveil…
By Jasper Ward WASHINGTON (Reuters) – New Hampshire Governor Chris Sununu said on Monday he would not join the crowded field vying for the 2024 Republican presidential nomination, saying too many candidates will help former President Donald Trump win the nomination. “Our party is on a collision course toward electoral irrelevance without significant corrective action,”…
By Joanna Plucinska, Tim Hepher and Aditi Shah ISTANBUL (Reuters) – Airlines took aim at Europe over green fuel mandates and its failures to stem France’s air traffic control strikes as they weigh on carrier capacities at a global airlines meeting in Istanbul on Monday. European regulators have introduced a new mandate demanding airlines use…
(Reuters) -Apple Inc shares hit a record high for the first time in 17 months on Monday, ahead of an annual software developer conference, although the company’s market value remained short of an all-time peak of $3 trillion. Apple is expected to launch a mixed-reality headset at its Worldwide Developers Conference (WWDC) later in the…
(Reuters) -Apple Inc shares hit a record high for the first time in 17 months on Monday, ahead of an annual software developer conference, although the company’s market value remained short of an all-time peak of $3 trillion. Apple is expected to launch a mixed-reality headset at its Worldwide Developers Conference (WWDC) later in the…
By Jatindra Dash KHARAGPUR, India (Reuters) – The official investigation into India’s deadliest rail crash in over two decades began on Monday after preliminary findings pointed to signal failure as the likely cause for a collision that killed at least 275 people and injured 1,200. The disaster struck on Friday, when a passenger train hit…
