U.S. 30-year fixed-rate mortgage steadies near 15-month low, Freddie Mac says
By Makailah Gause NEW YORK (Reuters) – The average rate on the popular U.S. 30-year mortgage rate was little changed near the lowest level in over a year this week,…
Thailand to expand state equity fund by up to $4.3 billion to invest in local stocks
BANGKOK (Reuters) – Thailand will increase the size of a state mutual fund by between 100 billion baht and 150 billion baht ($2.8 billion-$4.3 billion) to invest in local stocks,…
China new loans hit 15-year low in July, more policy steps expected
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China’s bank lending tumbled more than expected in July, hitting the lowest in nearly 15 years, dragged down by tepid credit demand…
French Q3 growth set to reach at least 0.35% on Olympic boost, cenbank says
PARIS (Reuters) – The French economy is on course to grow at least 0.35% in the third quarter as it benefits from a temporary boost from activity related to the…
U.S. 30-year fixed-rate mortgage plunges to lowest since May 2023, Freddie Mac says
By Makailah Gause NEW YORK (Reuters) – The average rate on the popular U.S. 30-year mortgage plunged to its lowest level since May 2023 this week, following days of market…
Customers Bancorp hit with Fed action for risk management deficiencies
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve announced Thursday it had imposed an enforcement action against Customers Bancorp for “significant deficiencies” around the bank’s risk management and…
U.S. regulators fine Piper Sandler $16 million for record-keeping failures
(Reuters) – Piper Sandler has agreed to pay a total of $16 million as a civil penalty to U.S. regulators to resolve investigations into its record-keeping practices, the investment banking…
World Bank approves $1 billion in financing for Ethiopia
(Reuters) – The World Bank said on Tuesday its board had approved a $1 billion credit for Ethiopia, as the Horn of Africa country tries to push ahead with a…
Bank of Canada pivots to boosting economic growth, raising rate cut bets
By Promit Mukherjee and Fergal Smith OTTAWA (Reuters) – The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further…
Take Five: Cancel Summer?
LONDON (Reuters) – Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and…