Month-end FX flows point to yen and pound selling, euro buying – BofA

New U.S. residential construction declined unexpectedly in August to one of the weakest paces since the pandemic, reflecting a plunge in starts of multifamily projects. Processing Content Housing starts decreased 2.6% to an annualized rate of 1.28 million, according to federal government data released Thursday. The median forecast in a Bloomberg survey of economists was…

Mayor Zohran Mamdani’s administration is seeing the light at the end of its chaotic rollout of a pied-à-terre tax.  After weathering rebukes from lawmakers and a legal challenge from homeowners represented by former Deputy Mayor Randy Mastro, an appeals court greenlit implementation of the levy to continue apace until oral arguments take place on Aug….

ECB Set to Hike Rates as Iran War Escalates Energy-Driven Inflation Fears By Francesco Canepa and Balazs Koranyi ECB Rate Hike Amid Escalating Inflation Concerns FRANKFURT, Sept 10 (Reuters) – The European Central Bank looks set to raise interest rates on Thursday for the second time this year, seeking to head off an energy-driven surge…

Occidental Petroleum (OXY -0.31%), the oil and gas giant more commonly known as Oxy, set a 52-week high of $67.45 per share on March 31. That year-to-date gain of nearly 60% was mainly fueled by the Middle East conflict’s impact on global oil prices. But after hitting a four-year high of $112.25 per barrel in…

Don’t compare your nest-egg balance to a number that doesn’t actually mean anything. Instead, do this calculation to see if you’re on track for retirement.

Skipton Building Society has announced a series of rate reductions across its entire fixed rate mortgage range, alongside the recent expansion of its Delayed Start Mortgage proposition. From Friday 25 September, rates across Skipton’s fixed-rate mortgage range for new and existing customers will reduce by an average of 0.15%. The changes follow the launch earlier…