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Pimco-Owned Office Landlord Defaults on $1.7 Billion Mortgage

Kurt Brady / Alamy Stock Photo (Bloomberg) -- An office landlord controlled b y Pacific Investment Management Co. has defaulted on about $1.7 billion of mortgage notes on seven buildings, a sign of widening pain for the industry as property values fall and rising...

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Debt-laden Italy lashes out at ‘crazy’ ECB after rate hike

The European Central Bank (ECB) building is seen from a cafe amid Christmas decorations, before the monthly news conference following the ECB's monetary policy meeting in Frankfurt, Germany December 15, 2022. REUTERS/Wolfgang Rattay ROME/FRANKFURT, Dec 16 (Reuters) -...

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Job searches are getting more competitive

Job searches are getting more competitive - and other happenings in the world of work U.S. consumer-price growth slowed to 7.7% in October, the slowest rate since January. That suggests inflation could be relenting and bolsters expectations that the Federal Reserve...

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