Spanish property broker Donpiso pledges on its website it can sell homes within 60 days. That’s possible, said Juan Luis Nolasco, who runs one of the firm’s Madrid branches, only if owners are realistic about prices and the difficulties buyers face getting mortgages after six years of falling values.
For the first time in four months, foreign-exchange traders are bearish on the euro on speculation slower inflation will pressure European Central Bank President Mario Draghi to signal plans for further easing in policy.
Britain will preserve its bond- issuance plans this year to exploit low debt costs and cut sales of Treasury bills instead, as the fastest economic growth since 2010 reduces how much the government needs to borrow.
Chancellor of the Exchequer George Osborne is set to name Keith Morgan, the interim head of the British Business Bank, as its permanent chief executive officer, a person familiar with the appointment said.
Petroleo Brasileiro SA fell the most in five years after the government failed to meet a request by the state-run company to disclose a clear policy for phasing out fuel subsidies that have cut earnings and increased debt.
Lending through the Bank of England’s flagship credit program increased in the third quarter by the most since it was introduced last year, led by Lloyds Banking Group Plc and Nationwide Building Society.