China's property woes deepen in Aug as prices, sales and investment drop

BEIJING (Reuters) -Woes in China's property market worsened in August, with official data showing home prices, sales and investment all falling in August, as a mortgage boycott and developers' financial strains further hurt confidence in the sector.

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16-09-2022

China's property sector contracts further with prices, sales falling

BEIJING (Reuters) -China's property sector contracted further in August, with falls in home prices, investment and sales, official data showed on Friday, as a mortgage boycott, widespread COVID lockdowns and a weak economy clouded confidence in the sector.

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16-09-2022

China August new home prices fall month-on-month at fastest pace since Nov 2021

China's new home prices fell in August at the fastest pace since November 2021 as its property sector was plagued by weak demand, a mortgage boycott and strict COVID-19 restrictions.

newspaper

16-09-2022

FedEx warns of worsening economy and pulls forecast; shares drop 16%

(Reuters) -FedEx Corp on Thursday withdrew the financial forecast it issued just three months ago, saying a global demand slowdown accelerated at the end of August and was on pace to worsen in the November quarter.

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16-09-2022

South Korea's August jobless rate hits record low

South Korea's unemployment rate fell to a record low in August, while employed people increased for an 18th straight month, government data showed on Friday.

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16-09-2022

FedEx flags hit from economic slowdown, shares tumble 15%

(Reuters) -FedEx Corp said on Thursday its fiscal first-quarter results were hit by global volume softness that accelerated at the end of the period, and withdrew its financial forecast as it expects business conditions to worsen in the second quarter.

newspaper

15-09-2022

FedEx flags hit from economic slowdown, withdraws outlook

(Reuters) -FedEx Corp on Thursday said its fiscal first-quarter results were hit by a global volume softness that accelerated at the end of the period, and withdrew its financial forecast, saying it expected further deterioration of business conditions in the fiscal second quarter.

newspaper

15-09-2022

Argentina hikes interest rate 550 bps after inflation overshoots

Argentina's central bank hiked the country's benchmark interest rate 550 basis points to 75% on Thursday, a day after inflation overshot forecasts to near 80% on an annual basis.

newspaper

15-09-2022

U.S. sues to block $4.3 billion lock deal between Assa Abloy and U.S. rival

WASHINGTON (Reuters) -The U.S. Justice Department has sued to block a $4.3-billion proposed deal by Assa Abloy AB to buy a division of Spectrum Brands Holdings Inc that makes residential door hardware, the department said in a statement on Thursday which said the deal could lead to higher prices for consumers.

newspaper

15-09-2022