Home values in Kensington & Chelsea and Westminster, London’s most expensive boroughs, fell in April as a strengthening pound and potential new taxes deter wealthy foreign buyers.
Mark Carney said rising U.K. mortgage debt may threaten Britain’s recovery as he signaled interest rates might start to rise earlier than anticipated.
AXA Real Estate Investment Managers, a unit of Europe’s second-largest insurer, plans to develop office buildings in Australia after failing to acquire a second existing property in the country.
It’s the most exclusive afternoon tea in England. It’s held in a palatial garden that is closed to the public. It offers the opportunity to rub shoulders with movers and shakers. And it is free.
Australia lowered its forecast for wheat production this season as an El Nino event and drier growing conditions loom in the world’s fourth-biggest exporter.
New South Wales, Australia’s most populous state, plans to raise about A$20 billion ($18.7 billion) leasing almost half of its electricity network to fund new railways and roads.
Former Prime Minister Gordon Brown said the idea of a unitary British state is “dead and buried” as he criticized the campaign against Scottish independence for playing into the hands of nationalists.
Standard & Poor’s and a Royal Bank of Scotland Group Plc unit are liable for investment losses on securities bought by Australian towns, an appeal court judge ruled today, upholding a 2012 verdict they misled investors.
Mauritian Finance Minister and Deputy Prime Minister Xavier Luc Duval resigned, saying he rejected Prime Minister Navin Ramgoolam’s proposed electoral reforms.
Asset-backed debt sales are heading for their busiest week in three years as the European Central Bank said it’s preparing plans to purchase the securities to boost lending in the region.