U.S. homebuilding surged to
more than a 12-year high in August as both single- and
multi-family housing construction increased, suggesting that
lower mortgage rates were finally providing a boost to the
struggling housing market.
Interest rates in the U.S.
repurchase agreement market declined early Wednesday following a
New York Federal Reserve operation that injected $75 billion of
overnight cash into the banking system in a bid to calm money
Britain will investigate the
national security impact of the purchase of defence company
Cobham by U.S. private equity firm Advent International,
potentially delaying or even blocking the $5 billion deal.
Germany's blue-chip companies
could face billions of euros in costs to cut carbon emissions
under a climate protection plan due to be unveiled by the
government on Friday, according to a study by asset manager
The European Central Bank is
examining whether to open a formal investigation into Deutsche
Bank for allegedly buying some of its own securities
without authorisation, two people familiar with the matter said