Analysis: In China’s small cities, home buyers suffer as debt-ridden developers fail to finish projects

2/2 © Reuters. People walk inside the apartment compound Taoyuan Xindu Kongquecheng developed by China Fortune Land Development, in Zhuozhou 2/2 By Lusha Zhang and Ryan Woo ZHUOZHOU, China (Reuters) – In Zhuozhou, a small city in China’s north, Zhu has stopped making mortgage payments on her apartment after its developer did not build a […]

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Brexit: Trade negotiations fail to agree on level playing field, fisheries, state aid – report

Reuters reports, citing EU and UK sources familiar with talks Negotiations on fisheries are “stuck” No agreement on level playing field either EU wants to prescribe joint standards in more detailed way, but UK is against it Talks failed to overcome differences over state aid Also failed to address EU demand for independent oversight body […]

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Record oil output cuts fail to make waves in coronavirus-hit market

2/2 © Reuters. FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County 2/2 By Florence Tan and Shadia Nasralla SINGAPORE/LONDON (Reuters) – The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a […]

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Commodity currencies fall as OPEC+ output cuts fail to allay demand anxiety

© Reuters. U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto By Stanley White TOKYO (Reuters) – Commodity currencies slipped against their safe-haven rivals such as the dollar and yen on Monday as a record output cut agreed by OPEC and other oil producing nations failed to […]

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ForexLive European FX news wrap: EU ministers fail to agree on virus rescue plan

Forex news from the European trading session – 8 April 2020 Headlines: Markets: GBP leads, EUR lags on the day European equities lower; E-minis up 0.5% US 10-year yields up 4 bps to 0.75% Gold flat at $ 1,648.50 WTI up 2.8% to $ 24.30 Bitcoin up 2.5% to $ 7,297 The main story of […]

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Treasuries Fail to Hold Gains Spurred by Fed’s Rescue Attempt

(Bloomberg) — U.S. Treasury yields beat a retreat from session highs Thursday after the Federal Reserve brandished its most aggressive market support measures since it was digging the economy out of the last recession. It didn’t last. Yields across the curve climbed to their highest levels of the U.S. session in late trading. At the […]

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