Page 44 - Rel News Today

(Bloomberg) -- American-born Thai businessman Bill Heinecke spoke out against Thailand’s border reopening, saying the Southeast Asian nation should look to less-conservative policies that have been implemented in parts of Europe and travel hot spots such as the Maldives as models to follow to revive

(Bloomberg) -- Europe’s largest asset manager said its wealthy clients in the Persian Gulf are looking beyond U.S. markets and instead focusing more on equities in developing nations like China and India.

(Bloomberg) -- Hopson Development’s shares tumbled the most since 2009 after the builder -- seen as one of the safer names among China’s property companies -- said PricewaterhouseCoopers has resigned as its auditor.  U.S.

(Bloomberg) -- The Swiss government ordered banks to hold additional capital as a buffer against risks posed by the country’s property boom. Banks will be forced to hold an extra 2.

(Bloomberg) -- European banks have been told to assume that real-estate assets most exposed to flood risk could lose almost half their value, as the sector’s resilience to climate change is stress-tested over the coming months.

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The fastest inflation in three decades and a booming labor market are adding pressure on the Bank of England to raise interest rates.

(Bloomberg) -- China’s third largest developer by sales received its second credit downgrade in as many days, highlighting concerns over builders once perceived as safer bets. Sunac China Holdings Ltd.

(Bloomberg) -- China’s central bank set its daily fix for the onshore yuan at the strongest level in three years, as the currency rallied amid a drop in the greenback. The People’s Bank of China set the reference rate at 6.

(Bloomberg) -- Northern Virginia has been named the world’s most desirable data center location for a third straight year, according to a 2022 annual report by global real estate firm Cushman & Wakefield. Singapore tied Silicon Valley for second place after placing fifth last year.

(Bloomberg) -- New York City and Chicago are home to some of the most vulnerable housing markets in the U.S., where the pandemic continues to threaten homeowners and the broader economy.