Slowing Inflation Primes G-7 Central Banks for June
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
Jan 9, 2019
Bloomberg News
,A South Florida resort owned by a subsidiary of Brookfield Asset Management Inc. (BAMa.TO) has been put on the block and could fetch as much as US$1 billion, according to people familiar with the matter.
Thayer Lodging Group, the Brookfield subsidiary, has tapped Newmark Knight Frank and Hodges Ward Elliott to market the Diplomat Beach Resort, a 1,000-room hotel in Hollywood, Florida, according to one of the people, who requested anonymity.
Representative for Brookfield, Newmark Knight Frank and Hodges Ward Elliott declined to comment.
The Diplomat is coming up for sale at a time Florida resorts are outpacing the U.S. market. Revenue per available room increased by 4.2 per cent at Florida resorts in the first 11 months of 2018, compared to 3.4 per cent at all U.S. resorts, according to lodging data provider STR.
Thayer acquired the resort in 2014 and subsequently launched a US$100 million renovation, converting the former Westin to a soft-branded property in Hilton Worldwide Holdings Inc.’s Curio Collection.
The property, which has more than 200,000 square feet of meeting space, sits between the Atlantic Ocean and the intercoastal waterway, and was built on the site of a historic hotel that hosted performances by Judy Garland and Bob Hope.