By Suban Abdulla LONDON (Reuters) – Half of large multinational companies plan to reduce office space as they adjust to hybrid working patterns, although the cuts are likely to be modest as few plan to go fully remote, a survey from real estate agents Knight Frank showed on Tuesday. Knight Frank said 50% of employers…
(Corrects number of total hotel projects that have broken ground or are in preconstruction phase in 2023 to 324 from 98 in paragraph five.) By Bianca Flowers and Priyamvada C (Reuters) -Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a…
By William Schomberg LONDON (Reuters) – The Bank of England is trying to curb an inflation rate that is running higher in Britain than in the United States and the euro zone, without pushing the economy into a recession after having already increased borrowing costs 12 times since late 2021. The BoE is expected to…
A look at the day ahead in U.S. and global markets from Mike Dolan As world stock markets levelled off on Tuesday, Australia dampened hopes that central banks were set to pause the interest rate rise cycle, the crypto universe nursed its latest blow, and Apple underwhelmed overnight. A relatively quiet week for U.S. macroeconomic…
By Abhirup Roy, Hyunjoo Jin and Isla Binnie SAN FRANCISCO (Reuters) – Ford Motor Co’s decision to allow customers to use Tesla’s electric-vehicle charging network has sent ripples through the industry, raising questions about a national U.S. charging standard as well as the fate of charging startups that are struggling. The deal, announced last month,…
By Hari Kishan and Sarupya Ganguly BENGALURU (Reuters) – The outlook for most major housing markets has improved slightly from three months ago despite high interest rates, according to Reuters polls of property analysts who were mostly split on whether affordability would worsen or not. House prices rose at a blistering pace across the developed…
LONDON (Reuters) – Investors have pulled around $780 million from crypto exchange Binance in the last 24 hours, data firm Nansen said on Tuesday, a day after the world’s biggest crypto exchange was sued by the U.S. Securities and Exchange Commission. Binance’s U.S. affiliate exchange registered net outflows of $13 million in the same period,…
LONDON (Reuters) – Weak growth across Britain’s construction sector picked up modestly in May, despite an increasingly severe downturn in house-building activity prompted by rising interest rates, a survey showed on Tuesday. The S&P Global/CIPS UK Construction Purchasing Managers’ Index (PMI) rose to 51.6 from 51.1 in April. A Reuters poll of economists had pointed…
LONDON (Reuters) – UK investors backed money market funds in May at the fastest rate since the country’s failed ‘mini-budget’ last year, opting for caution after a volatile period in global banking, funds network Calastone said on Tuesday. Calastone’s fund flow index showed net inflows to money market funds of 419 million pounds ($521 million)…
(Reuters) – GSK said on Tuesday that the U.S. Food and Drug Administration had granted file acceptance for its cancer drug, Jemperli, when combined with chemotherapy to treat adult patients with certain types of endometrial cancer. (Reporting by Radhika Anilkumar in Bengaluru; Editing by Savio D’Souza)
