Browsing: Economy

HONG KONG (Reuters) -Shares of embattled developer China Evergrande (HK:) Group plunged as much as 25% on Monday after police detained some staff at its wealth…

Confidence among builders in the U.S. housing market unexpectedly plunged in September for the second straight month as a spike in mortgage rates continued to weigh…

In a significant shift in Brazil’s financial landscape, Pix, an instant money transfer tool, has become the most common form of payment by transaction volume, outpacing…

The numbers: Builder confidence fell in September to the lowest level in five months as buyer demand waned on the back of persistently high mortgage rates.…

FRANKFURT (Reuters) -Building permits for apartments in Germany fell 31.5% in July from a year earlier, the statistics office disclosed on Monday, highlighting a slump in…

Thousands of auto workers for the three-largest U.S. carmakers walked off the job last week because their pay has only increased fractionally in the wake of…

BEIJING (Reuters) – The involvement of two Chinese state-owned financial firms in Zhongrong International Trust Co’s operations and management may diffuse risk at the troubled shadow…

They thought the work-from-home revolution that took place during the pandemic lockdowns would come to an end when the crisis was over. They were wrong. Fully…

In line with global efforts towards a low-carbon future, banks have been instrumental in financing renewable energy initiatives. However, these financial instruments are facing criticism for…

By Kitiphong Thaichareon and Panarat Thepgumpanat BANGKOK (Reuters) – Thailand’s new cabinet approved on Monday higher budget spending of 3.48 trillion baht ($97.64 billion) for fiscal…