Federal Housing Finance Agency Director Mel Watt testifies before a Senate Banking Committee hearing on ‘The Status of the Housing Finance System After Nine Years of Conservatorship’ on Capitol Hill in Washington, U.S., May 11, 2017. REUTERS/Yuri Gripas The U.... More »
FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo Investors stampeded into U.S.-based stock funds that invest in Europe, plowing the second-largest amount on record into those produ... More »
A graduating student has “To Begin Anew” written on her cap as she attends a service before the 365th Commencement Exercises at Harvard University in Cambridge, Massachusetts, U.S. May 26, 2016. REUTERS/Brian Snyder Millennials face the greatest risk among all... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 13, 2017. REUTERS/Brendan McDermid Major U.S. stock indexes fell on Thursday for a third straight day as investors weighed earnings reports from big U.S. banks and geopoli... More »
South Korea’s Prime Minister and acting President Hwang Kyo-ahn attends a ceremony celebrating the 98th anniversary of the Independence Movement Day in Seoul, South Korea, March 1, 2017. REUTERS/Kim Hong-Ji South Korea’s acting president Hwang Kyo-ahn on Wedne... More »
FILE PHOTO: The sign of Japan’s Government Pension Investment Fund (GPIF) is seen after a news conference in Tokyo, Japan, April 1, 2016. REUTERS/Thomas Peter/File Photo Japan’s Government Pension Investment Fund (GPIF) on Tuesday began recruiting asset manage... More »
A general view shows a residential area of Pudong district in Shanghai, China April 4, 2017. REUTERS/Aly Song China’s housing ministry has called on cities with large unsold housing inventories to reduce or suspend land supply for residential housing. More »
File photo: A stands outside Fannie Mae headquarters in Washington February 21, 2014. REUTERS/Kevin Lamarque U.S. mortgage finance giants Fannie Mae (FNMA.PK) and Freddie Mac (FMCC.PK) may write down $21 billion of tax-related assets if there is a deep cut in ... More »
U.S. hedge fund manager Emanuel ‘Manny’ Friedman plans to list a fund in London to invest in asset-backed securities and real estate assets put up for sale as a result of regulatory change in the financial sector. More »
FILE PHOTO: Cars drive past residential buildings along a street in Hefei, Anhui province, China, February 19, 2017. REUTERS/Yawen Chen Developers China Overseas Land & Investment Ltd (0688.HK) and Country Garden Holdings Company Ltd (2007.HK) on Wednesday rep... More »
FILE PHOTO: Construction is seen in the Hudson Yards area of the West Side of Manhattan in New York U.S., November 21, 2016. REUTERS/Shannon Stapleton The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reser... More »
FILE PHOTO: LeEco’s new Le Pro3 phone is on display during a press event in San Francisco, California, U.S. October 19, 2016. RETUERS/Beck Diefenbach/File Photo Chinese technology conglomerate LeEco is looking to sell a 49-acre U.S. Silicon Valley property les... More »
South Korea’s former president Park Geun-hye’s pet dogs are seen in this handout picture provided by the Presidential Blue House and released by News1 on December 24, 2015. The Presidential Blue House/News1 via REUTERS A South Korean animal rights group has fi... More »
Aspiring property moguls take note – the town of Tiller, Oregon, is for sale, asking price just $3.5 million. For an extra $350,000, you can have the old school too. More »
Zander Dejah, 25, a Virtual Reality engineer and Isha Padhye, 23, a UI designer toast as they socialise at a bar in San Francisco, California, U.S. February 12, 2017. REUTERS/Gabrielle Lurie Zander Dejah, 25, pays $1,900 a month rent to live in a downtown San ... More »
The headquarters of the China Trademark Office is seen in Beijing, China, March 9, 2017. REUTERS/Jason Lee China has granted preliminary approval for 38 trademarks linked to Donald Trump, documents on China’s state trademark office show, giving the U.S. Presid... More »
China’s banking regulator has asked banks to inspect how they monitor their liquidity positions and how much credit risk they are carrying, according to a notice seen by Reuters. More »
A woman protests outside a Snap Inc. office in Venice Beach as locals demonstrate on the street over the company moving into the beach community in Los Angeles, California, U.S. March 2, 2017 . REUTERS/ Lucy Nicholson As shares of California-based Snap Inc (SN... More »
File Photo: A general view of the train station at Michael Jackson’s Neverland Ranch in Los Olivos, California July 3, 2009. REUTERS/Phil Klein Michael Jackson’s famed Neverland Ranch in California is back on the market at a much reduced price of $67 million a... More »
Magician David Copperfield arrives at the Vanity Fair Oscar Party in Beverly Hills, California February 28, 2016. REUTERS/Danny Moloshok If you had to name just one person on Earth who is living his or her best life, David Copperfield would have to be among th... More »
Traders work on the trading floor at the opening of the markets at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. February 27, 2017. REUTERS/Andrew Kelly U.S. stock futures were ahead late on Tuesday, indicating a higher open on Wednesday... More »
A man talks on the phone as he stand in front of an advertising poster of the SoftBank telecommunications company in Tokyo October 16, 2015. REUTERS/Thomas Peter Japan’s SoftBank Group Corp (9984.T) is close to making an investment in U.S. office-sharing start... More »
Investors are showing increasing comfort wading into the markets, lavishing cash on U.S.-based stock and corporate bond funds in the latest week, Lipper data showed on Thursday. More »
Residential buildings are seen in Beijing, China, January 10, 2017. Picture taken on January 10, 2017. REUTERS/Jason Lee China’s property prices will remain stable in the first quarter, housing minister Chen Zhenggao said on Thursday, adding the government has... More »
A real estate sign advertising a new home for sale is pictured in Vienna, Virginia, U.S. October 20, 2014. REUTERS/Larry Downing/File Photo Refinancings’ share of U.S. mortgage applications shrank to its lowest level since late 2008 at the peak of the global c... More »
FILE PHOTO – Containers are seen at Container Terminal 9 during sunset at Hong Kong’s Kwai Chung district September 7, 2012. REUTERS/Bobby Yip/File Photo Hong Kong handed out billions of dollars in tax cuts and poverty relief on Wednesday to reflate its econom... More »
U.S. President-elect Donald Trump is broadcast on a screen on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 27, 2016. REUTERS/Andrew Kelly Investors boosted their bets on U.S.-based equity funds in the latest week a... More »
A new residential quarter of the Country Garden is seen in Shanghai, China, February 10, 2017. REUTERS/Aly Song Chinese real estate developers surveyed by Reuters mostly plan to increase their land investments in 2017 as they shrug off record prices and govern... More »
Jared Kushner, senior advisor to President-elect Donald Trump arrives for the Presidential Inauguration of Trump at the U.S. Capitol in Washington, D.C., U.S., January 20, 2017. REUTERS/Saul Loeb/Pool By Joy WiltermuthNEW YORK (IFR) – Investors on Friday snapp... More »
A police officer keeps watch in front of the U.S. Federal Reserve building in Washington, DC, U.S. on October 12, 2016. REUTERS/Kevin Lamarque/File Photo The U.S. Federal Reserve will stop reinvestments of its mortgage-backed securities holdings in April 2018 ... More »
FILE PHOTO – Joggers run past as the skyline of Singapore’s financial district is seen in the background April 21, 2014. REUTERS/Edgar Su Singapore is set to be 2017’s hottest spot for initial public offerings (IPOs) in tropical Southeast Asia with sales of st... More »
Medium-rise and low-rise residences and office buildings are seen from the first observatory deck of Tokyo Sky Tree in Tokyo October 30, 2011. REUTERS/Issei Kato/File Photo Commercial property prices in Tokyo, a bellwether for Japan’s market, look to have peak... More »
Argentina declared $97.842 billion in assets by the completion of a second phase of a tax amnesty program that ended on Dec. 31, the government said on Monday. More »
A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo Deutsche Bank’s pursuit of success on Wall Street has come at a high price, a $7 billion plus penalty illustrating the... More »
An apartment building is seen on a hazy day in Hefei, Anhui province, March 26, 2014. REUTERS/Stringer/File Photo China’s home prices slowed further last month as a raft of curbs cooled a furious price rally, but a supply shortage in parts of the nation and si... More »
Investors piled into stock exchange-traded funds at the fastest pace since their record-setting haul following the U.S. presidential election, Lipper said on Thursday, as policymakers raised interest rates. More »
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration Investors pulled $4.1 billion from U.S.-based taxable-bond mutual funds, the most since June, as a bond selloff forced interest ... More »
Former candidate Ben Carson arrives to attend the third and final 2016 presidential campaign debate between Republican U.S. presidential nominee Donald Trump and Democratic nominee Hillary Clinton at UNLV in Las Vegas, Nevada, U.S., October 19, 2016. REUTERS/M... More »
The headquarters building of Anbang Insurance Group are pictured in Beijing, China, August 25, 2016. REUTERS/Jason Lee China’s Anbang Insurance Group Co [ANBANG.UL] is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackst... More »
A general view shows Yanjiao, Hebei province, China, November 13, 2015. REUTERS/Jason Lee/File Photo China’s real estate investment growth quickened in October to its highest since April 2014, but analysts say stepped up measures to curb a red-hot housing mark... More »
The logo of Germany’s largest business bank, Deutsche Bank is seen in front of one of the bank’s office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach Deutsche Bank’s (DBKGn.DE) sale of a 20 percent stake in Chinese peer Hua Xia (60... More »
Pedestrians walk past the headquarters of the European Central Bank (ECB) in Frankfurt, Germany September 8, 2016. REUTERS/Ralph Orlowski The euro zone housing market is on its best run since the global financial crisis but prices on average are still only in ... More »
A man carrying an umbrella passes as storm clouds gather over Shell’s Pulau Bukom oil refinery in Singapore, December 17, 2014. REUTERS/Edgar Su/File Photo During Singapore’s full moon festival last month, employer John Kong was focused more on cost-cutting th... More »
A Japanese flag flutters atop the Bank of Japan building in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai/File Photo – RTX2P8PK The Bank of Japan said on Monday it is closely monitoring bank lending to the real estate sector to guard against excessive c... More »
China’s national flag is seen in front of cranes on a construction site at a commercial district in Beijing, China, January 26, 2016. REUTERS/Kim Kyung-Hoon China’s economic growth is expected to cool to 6.6 percent this year and slow further to 6.5 percent in... More »
Chinese Premier Li Keqiang speaks during a joint news conference with Portuguese Prime Minister Antonio Costa (not pictured) at the Great Hall of the People in Beijing, China, October 9, 2016. REUTERS/Naohiko Hatta/Pool China’s economy performed better than ex... More »
A builder assembles scaffolding as he works on new homes, in south London June 3, 2014. REUTERS/Andrew Winning/Files Britain launched a 5 billion-pound ($6.5 billion) homebuilding stimulus package on Monday, including plans to borrow 2 billion pounds to help a... More »
Shadows from the sun enhance the geometrical design on the facade of a skyscraper on a autumn day in New York November 10, 2014. REUTERS/John Schults U.S. national vacancy rate for the office sector in the third quarter was flat from the second, even as vacanc... More »
Models of residential buildings are seen at a sales center in Zhengzhou, Henan province, China, September 23, 2016. Picture taken September 23, 2016. REUTERS/Yawen Chen/File Photo Four Chinese cities have announced new restrictions on property purchases as the... More »
The BlackRock logo is seen outside of its offices in New York January 18, 2012. B REUTERS/Shannon Stapleton/File Photo BlackRock Inc (BLK.N), the world’s largest asset manager, will offer infrastructure funds for the first time through independent financial ad... More »
The headquarters of Germany’s Deutsche Bank is photographed early evening in Frankfurt, Germany, January 26, 2016. REUTERS/Kai Pfaffenbach/File Photo Deutsche Bank (DBKGn.DE) will solve its problems without relying on help from Berlin, Germany’s flagship lende... More »
Pedestrians inspect cracks near the sinking Millennium Tower in San Francisco, California, U.S. September 14, 2016. REUTERS/Beck Diefenbach San Francisco’s city attorney on Tuesday issued a subpoena to the developers of a luxury condominium high-rise that is t... More »
Australian Treasurer Scott Morrison speaks to journalists at a press conference before delivering the 2016 Federal Government’s budget at Parliament House in Canberra, Australia, May 3, 2016. AAP/Mick Tsikas/via REUTERS Australia has forced the sale of 16 prop... More »
A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province, China February 18, 2012. REUTERS/Stringer/File Photo China’s boomtown of Shenzhen unexpectedly lost its top-performer spot in August’s home price race, bu... More »
A screen displays stock charts while a trader works at his post on the floor at the New York Stock Exchange, May 30, 2013. REUTERS/Brendan McDermid With traditional dividend-paying stocks such as utilities and telecom companies trading near record highs, U.S. ... More »
Investors who own some bank sector funds may be in for an unwanted surprise: a tax bill. More »
A general view shows a construction site in London, Britain July 7, 2016. REUTERS/Neil Hall There is significant money to be made in Europe by investing and lending where local banks cannot, two prominent private fund managers told attendees of a U.S. hedge fu... More »
Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., August 30, 2016. REUTERS/Lucas Jackson The party looked to be waning for some popular investments in the latest week, with investors trimming expo... More »
A woman walks past an advertisement promoting an apartment complex which is currently under construction in Yongin, South Korea, August 24, 2016. REUTERS/Kim Hong-Ji In Yongin, a satellite city south of Seoul, orange construction cranes are racing to build gle... More »
SINGAPORE The Singapore central bank’s current monetary policy stance remains appropriate and only a marked worsening in the global economy or significant shift to the inflation outlook would prompt a change, its managing director said on Monday. The Monetary ... More »
BEIJING Home price rises in China slowed in June for a second straight month, adding to fears that a construction-led rebound in the economy may not be sustainable. The property market is a key driver of the world’s second-largest economy and a robust recovery... More »
LONDON Asking prices for British residential property slipped slightly more than usual after last month’s vote to leave the European Union, though the overall impact remains hard to judge, figures from property website Rightmove showed on Monday. Average price... More »
OTTAWA Canada’s tax authority is probing real estate deals in British Columbia for underpayment of taxes, amid a boom in sales, prices and property flipping, and said on Friday it is not specifically focusing on foreign investors. The Canada Revenue Agency sai... More »
(This version of the July 11 story corrects age of Gerald Freisleben to 55 from 50 and spelling of his last name from Freiselben in last and third-from-last paragraphs) By Beth Pinsker NEW YORK After thrice refinancing the house she had bought in 2012, Nedalee... More »
HONG KONG Years of breakneck growth for China’s top insurers has been partly fueled by a splurge on risky investment products that could punch multi-billion-dollar holes in their balance sheets if the slowing economy triggers heavy debt defaults. Industry prem... More »
LONDON Britain’s 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, an upheaval that threatens London’s dominance of finance. The ‘Vote Leave’ campaign fron... More »
OTTAWA Governments and central banks need a certain amount of coordination so they can discuss policies and consider the implications on debt levels and financial stability over the medium-term, Bank of Canada Governor Stephen Poloz said on Saturday. One good ... More »
BEIJING Colony Capital Inc, the private equity firm founded by U.S. real estate tycoon Thomas Barrack, is scouting cross-border opportunities with Chinese institutional investors, even as growth in the country’s wider economy continues to slow. “It’s the right... More »
NEW YORK UBS AG urged a U.S. judge on Friday to reject claims that it should be held liable for $2 billion in losses that investors incurred on mortgage-backed securities issued before the collapse of the U.S. housing market. Lawyers for UBS made their closing... More »
NEW YORK BlackRock Inc is accelerating its push in Latin America, making plans for its first launch of a private equity infrastructure fund targeting that market, a company document showed. The launch is anticipated this year, according to the document, an inf... More »
HONG KONG China’s home prices in March gained at the fastest pace in almost two years but that growth may slow as local authorities tighten home purchase requirements in the two top performing cities on fears of a bubble forming. The southern city of Shenzhen ... More »
SHANGHAI China stocks gave up early gains as a late afternoon slide in property shares wiped out initial optimism triggered by encouraging industrial profit data released over the weekend. The CSI300 index of the largest listed companies in Shanghai and Shenzh... More »
NEW YORK Home prices are rising faster than wages in most of the United States, making homeownership increasingly difficult for average Americans in some of the most populous areas of the country, according to a report released on Thursday. The report found th... More »
NEW YORK At last May’s annual meeting of his Berkshire Hathaway Inc, Warren Buffett said he had “no apologies whatsoever” for the lending practices of the company’s Clayton Homes mobile home unit, which had been accused in a published report of predatory lendi... More »
MONTREAL Canadian investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capita... More »
NEW YORK Carlos Espinosa, a design professional based in Boulder, Colorado, has a completely decked-out “smart” home – light switches he can control from his mobile phone, a security system, moisture detectors that alert him to leaks and integrated stereo spea... More »
BEIJING China’s economic growth in the fourth quarter slowed to the weakest since the financial crisis, adding pressure on a government that is struggling to restore the confidence of investors after perceived policy missteps jolted global markets. Concerns ab... More »
The iconic Los Angeles mansion of Hugh Hefner, the founder of the Playboy empire, is being put up for sale for $200 million, Playboy Enterprises said, one of the highest asking prices for a private residence in the United States. The Gothic Tudor-style mansion... More »
LOS ANGELES For everyone who has been saying interest rates can only go up, well – now is their time. But what does the Federal Reserve’s decision to raise interest rates actually mean for your wallet? Probably not much for the near-term. One small interest ra... More »
BEIJING In the Chaoyang district of northeast Beijing, a nondescript wall covered in patriotic posters protects one of the city’s most valuable treasures: a dirt field containing nothing but a few scattered trees. Last month the block sold for 3.3 billion yuan... More »
LONDON Britain’s “woefully inadequate” anti-money laundering system has left the country wide open to corrupt money and terrorism funds and needs radical overhaul, a leading anti-corruption group said on Monday. Each year billions of pounds of dirty money flow... More »
BEIJING Growth in Chinese new home prices quickened in October from a year ago, two private surveys showed, adding to signs of stabilization in the housing market after a raft of government support measures. Prices of new homes in 288 cities rose an average 1.... More »
SHANGHAI/HONG KONG The Di Mei shopping center in downtown Shanghai is a surprisingly depressing place to shop. The underground mall is located in one of the most shopping-mad cities in China, and yet it is run down and starved of customers. “Sometimes I cannot... More »
Now that the U.S. Federal Reserve has held back again on interest rates, advisers are taking advantage of attractive financing options before that window begins to close. Mortgaging property when rates are low is well-known advice. But unprecedented transparen... More »
BEIJING China’s real estate investment growth continued to slow in the first seven months of 2015 due to weak new construction, but property sales and housing investment improved, indicating a mixed recovery in the struggling property market. Property investme... More »
LOS ANGELES (This story corrects paragraph 2: nuns no longer live at the property in July 30 story) Katy Perry, who grew up the daughter of Protestant pastors and rose to fame with the hit song “I Kissed a Girl,” may get her chance to live in a former Roman Ca... More »
