China’s moves to ease mortgage restrictions and cut interest rates are bearing fruit in the nation’s smaller cities, where home prices have staged a recovery. Now comes the bigger challenge: Clearing a supply glut to spur investment by developers. Lower...
As expected, the European Central Bank (ECB) did not act to further ease its already extraordinarily loose monetary stance when its governing council met today in Valletta, the capital of Malta, the 19-strong currency club’s smallest member. But the ECB...
