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Worldwide business news with international business, banking, interest rate, stock market, currencies and fund
Bloomberg |
Going forward, scale will likely matter even more as banks head into an arms race on technology
WORLD PROPERTY JOURNAL |
National average residential rent in the U.S. decreased for the first time since February 2017, dipping by -0.1% ($1) from last month to $1,471.
Reuters |
Demand for newly built houses in England has fallen to a six-year low as home buyers await more certainty over Brexit before going ahead with a major purchase, according to an annual survey of small construction companies.
CNN |
Bubble currently exists in the southern German city of Munich, Amsterdam is not far behind, while Paris and Frankfurt. Hong Kong, and Canada's Toronto and Vancouver, are also in bubble territory
Reserve Bank of Australia |
Reserve Bank of Australia Board decided to lower the cash rate by 25 basis points to 0.75 per cent.
Reserve Bank of New Zealand |
The Official Cash Rate (OCR) remains at 1.0 percent.
Bank of England |
Our Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases.
FEDERAL RESERVE SYSTEM |
lower the target range for the federal funds rate to 1-1/2 to 1-3/4 percent; and maintain the target range at 2 percent to 2-1/4 percent.
CNBC LLC |
National Association of Home Builders/Wells Fargo Housing Market Index – well above expectations and the highest level of the year; but warning signs shows cause by US trade war with China
NBCUniversal |
Saudi Arabia’s stock market fell by 2.3% at Sunday’s open as the country grappled with weekend attacks on the heart of its oil production facilities in Abqaiq and Khurais.