After years of trying to rehabilitate late-paying commercial real estate loans, lenders are now calling in the loans at an increasing rate.
Tag: interest rates
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SPOTLIGHT: BIGS GETTING BIGGER
Chicago-based asset manager Nuveen will buy Schroder’s, the iconic, 200-year-old London financial services firm, for $13.5 billion.
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FED NOMINEE SEES AI AS PRODUCTIVITY BOON FOR U.S. ECONOMY
Kevin Warsh, Donald Trump’s choice as the next chair of the U.S. Federal Reserve, shares Trump’s conviction that the central bank’s interest rates must be much lower – and he thinks artificial intelligence (AI) is the way to make that work.
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EMERGING MARKETS ARE THE YEAR’S HOT INVESTMENTS
Bonds, currencies, and stocks of emerging nations are leading the investment pack this year as the dollar sinks to a four-year low and investors diversify beyond dollar-denominated venues.
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TRUMP NAMES WARSH AS NEXT FED CHAIRMAN
Donald Trump has named Kevin Warsh, a governor of the U.S. Federal Reserve during the George W. Bush administration, to succeed Jerome Powell as chair of the central bank. Powell’s term expires in May.
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FED FREEZES INTEREST RATES
As widely expected, the U.S. Federal Reserve’s rate-setting Open Market Committee made no changes to its policy interest rates at its 28 January meeting, leaving the rate on deposits at 3.5 percent and the lending rate at 3.75 percent.
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CHINA DRAFTS FIVE-YEAR PLAN TO RESTART CONSUMER ECONOMY
China’s senior state planners are creating a five-year plan to energize domestic consumption and address the imbalance between “strong supply and weak demand,” according to a 20 January press briefing by officials of the country’s National Development and Reform Commission.
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TRUMP’S INTERVIEW WITH REUTERS: IS HE UPSIDE DOWN OR INSIDE OUT?
President Donald Trump sat down with Reuters last week to discuss the direction of the administration and how he plans to achieve his top foreign policy goals, while trying to maintain public support in the U.S.
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CHINA’S DOMESTIC ECONOMY SLUMPS IN NOVEMBER
Last month, the growth in China’s factory output slowed to its weakest pace since September 2024 and retail sales were their most sluggish in the three years since Beijing ended the country’s rolling anti-COVID lockdowns, according to the National Bureau of Statistics.
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FED GRAPPLES WITH INTERNAL DISSENT, UNRELIABLE DATA
Federal data could be overestimating the U.S. economy’s job creation by as many as 60,000 jobs a month, U.S. Federal Reserve chair Jerome Powell told reporters after the bank’s Open Market Committee (OMC) shaved a quarter point off the Fed’s interest rates on 10 December.