UK House Prices Stagnate in April as Higher Mortgage Costs Bite
UK house prices stagnated in April, according to Halifax, adding to evidence of a property market facing headwinds from rising mortgage rates.
UK house prices stagnated in April, according to Halifax, adding to evidence of a property market facing headwinds from rising mortgage rates.
Thailand’s new Finance Minister Pichai Chunhavajira urged the central bank to support government policies, signaling pressure may continue on the Bank of Thailand to cut interest rates.
Global funds’ underweight position in Chinese equities may have reached a bottom as foreign inflows return, according to UBS Group AG.
Australia’s central bank kept interest rates at a 12-year high in a widely anticipated move, while maintaining a neutral stance that surprised markets. Currency and bond yields declined.
Aramco kept its $31 billion dividend payout to the Saudi government and other investors despite lower profit, a boon for the kingdom’s economy as it struggles with a budget deficit.
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