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European real estate companies remain well placed to weather the still struggling economy, particularly in Germany and the U.K., according to global ratings agency Standard and Poor's.The slightly surprising outlook comes as S&P is forecasting the euro-zone economy to contract for a second straight year in 2013, and growth of just 0.6% in the U.K. after 2012's meager gross domestic product of 0.3% expansion.The rating's firm said one key reason for the less pessimistic view is a shortage of supply of residential properties compared with demand, particularly in the U.K. and Germany. A steady pace of lettings activity throughout Europe has also contributed, as has the use of capital-market funding by an increasing number of property firms."Standard & Poor's Ratings Services' outlook...of European real estate companies remains stable, despite weak GDP prospects, continuing high unemployment, and subdued mortgage lending in Western Europe," S&P analysts said.The company also envisages the ...
There are no calls for celebration, no desire to relax in the corridors of Brussels but some officials believe the euro zone has turned a corner, sharpening the focu...
The European Central Bank is closer to lowering interest rates than at any time since it last cut them in July 2012 and is likely to shave a quarter-point off at its...
FRANKFURT, April 24 (Reuters) - The European Central Bank is closer to lowering interest rates than at any time since it last cut them in July 2012 and is likely to ...
Major economies in North America, Europe and Asia lost some momentum this month, a clutch of business surveys showed on Tuesday, raising concerns about the strength ...
This year now looks unlikely to deliver much improvement in the world economy's growth rate, with a weaker outlook for Europe and the United States tempering the cau...
Fallout from the messy bailout of Cyprus will top the agenda of a two-day EU finance ministers meeting in Dublin beginning on Friday, with focus also on growing Germ...
A group of shareholders in Royal Bank of Scotland is suing the lender and four former directors for losses they claim they incurred when the bank succumbed to a stat...
Rising and volatile Italian government bond spreads caught domestic banks off guard and caused a credit crunch in the euro-zone's third-largest economy in late 2011,...
After analyzing 14,000 loan apps over a 6 month period, I find -- not surprisingly -- a gender gap in small business financing does exist.
World markets have reacted calmly to the twists and turns of Cyprus's financial rescue in the last fortnight but many investors fear the economic fallout is yet to c...
A couple of years ago when memories of the credit crunch's pain was fresh -- and many were still suffering -- this column regularly covered the threat posed by card ...
Latvia does not expect Russian depositors to pull money out of its banks following Cyprus's bailout, the Baltic state and euro zone aspirant's prime minister was quo...
Suncorp Group Ltd. (SUN.AU) is looking at ways to sell the "non-core" bank unit that houses its sour property loans, in a move that would free up capital and could m...
Suncorp Group Ltd. (SUN.AU) is looking at ways to sell the "non-core" bank unit that houses its sour property loans, in a move that would free up capital and could m...
In 2012, credit unions and alternative lenders were the story in small business lending. In recent months, this has changed.
Federal Reserve Chairman Ben Bernanke minced no words Friday on the issue of "too-big-to-fail" banks, saying financial institutions large enough to threaten global e...
I like optimists. Who doesn't? Optimism is one of America's defining national characteristics, and was an essential part of this country's rise to greatness. But som...
Hard-pressed company bosses across much of the world are under so much pressure to deliver on growth that many have resorted to cooking the books, Ernst & Young says...
The Bank of England's overhauled lending scheme now offers U.K. banks big incentives to lend to small companies but it is unclear whether businesses have the appetit...
