UK house prices fall 0.6% in October, steepest drop in more than three years
UK house prices fell 0.6% in October, the steepest monthly drop in more than three years and the fourth decline…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Tech selloff wipes out hedge fund gains, prompting risk cuts and layoffs
A global equity selloff led by technology stocks has erased year-to-date gains at many hedge funds. Some managers are cutting…
Japan’s GPIF posts $33.3 billion quarterly loss as foreign bonds slide
Japan's Government Pension Investment Fund lost 5.25 trillion yen ($33.3 billion) in the September quarter. Rising global bond yields and…
Carney’s second budget taps oil windfall for investment while economists question the debt path
Prime Minister Mark Carney's second budget uses windfall oil revenue to fund productivity measures and infrastructure over the next five…
Fed’s Hammack and Barkin back gradual rate hikes as stocks slide after midterms
Two Federal Reserve officials argued on Thursday for modest, steady rate increases to bring inflation back to target. Their comments…
