Australia will raise fees for foreigners who buy existing houses, while encouraging them to invest in build-to-rent projects that will boost the nation’s housing supply.
From Washington to Frankfurt to London and beyond, central bankers are approaching their final decisions of the year against a backdrop of unease at how the global inflation cycle is turning.
A rally over the last week was powerful enough to erase some losses on a series of dollar bonds tied to the conglomerate of billionaire Gautam Adani, debt that had dropped after a short seller accused firms owned by Adani of fraud.
Over the course of a decade, Venezuelan President Nicolás Maduro has held tight to power despite mass protests, widespread poverty and despair, tough US sanctions, and an international attempt to recognize an alternate government. His survival instincts are kicking in again.
UBS Group AG has hired JPMorgan Chase & Co. veteran Tommy Rueger as global co-head of equity capital markets, according to people with knowledge of the matter.
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