Writing the summary…
Miami's ultra-luxury housing market booms as cash transactions dominate, high-end brands like Bugatti and Porsche jump in
Source: CNBC
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Rolling coverage of the latest economic and financial news The US economy may be growing too fast for investors, but it’s a different picture in developing markets. The European Bank for Reconstruction and Development warned this morning that growth is slowing across a range of emerging market nations. Government figures are preparing to argue that maintaining March’s buffer is unnecessary at a time when borrowing and energy costs have risen sharply. One person involved in the government’s discussions has suggested that headroom of £15bn would be sufficient, while another suggested closer to £20bn, and a third said no figure was yet being targeted. Continue reading...
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