Bloomberg CBRE Group Inc. and Jones Lang LaSalle Inc., real estate services firms that do a significant share of their business in the U.K., tumbled as investors speculated on a possible fall-off in property sales and leases after Britons voted to leave the European Union. CBRE, the world’s largest commercial-property brokerage, dropped 9 percent to $27.31 in New York, ...

  TIMES NEWS SERVICE Britain’s vote to leave the European Union may be causing turmoil in the capitals of Europe and in world stock markets. But it could actually benefit the real estate market in Boston. Here’s how: Housing Mortgage rates — already quite low — could stay down. The reason? Uncertainty about the economy and the stock market drives ...

  Washington / AP Long-term U.S. mortgage rates rose this week but remain at levels low enough to boost home sales in the spring buying season. Mortgage buyer Freddie Mac says the average 30-year fixed-rate mortgage edged up to 3.56% from a 52-week low of 3.54% last week. The rate is down from 4.02% a year ago. The average rate on ...

  Tribune News Service Andhra Pradesh will take the help of two Singapore companies to build Amaravati as a “world-class capital”, chief minister N. Chandrababu Naidu said, providing clarity on development plans eight months after the foundation for the new capital was laid. The state cabinet, at a meeting on Friday, gave its nod to develop the capital with help ...

Bloomberg As executives digest the news of the U.K.’s vote to leave the European Union, they’re cautioning that business will suffer — affecting everything from beach vacations to wristwatch ads to initial public offerings of stocks. Companies exposed to the U.K. economy warned that the decision could slow growth and prompt them to cut their investments in the country, and ...

  BLOOMBERG The pound just had its worst day ever, and few analysts expect the U.K. currency to recover all of the losses that sent it to its lowest level since 1985 — at least, not in the foreseeable future. BNP Paribas SA, one of the biggest sterling bulls before Britain voted to leave the European Union, cut its third-quarter ...

  Bloomberg Spanish government bonds may see more volatility next week after voters go to the polls on Sunday to try to break a six-month political deadlock over who will govern the euro region’s fourth-largest economy. The nation’s securities plunged on Friday, with the 10-year yield jumping the most this year, after Britain voted to quit the EU. Riskier assets ...

  Bloomberg The U.K.’s decision to walk away from the EU may throw billions of pounds worth of agriculture trade into question as politicians prepare for a lengthy wrangle over future policy. The EU is the biggest customer for U.K. food and drink exports, with last year’s sales, excluding alcohol, valued at £8.9 billion ($12.2 billion), according to the Food ...

  Bloomberg U.S. stocks plunged the most in 10 months, joining a selloff in global risk assets on speculation that the the U.K. decision to leave the European Union will hamper worldwide growth. Equities sank to session lows in afternoon trading, with the Dow Jones Industrial Average sliding more than 600 points. The S&P 500 Index extended losses after falling ...

  Bloomberg Mexico announced it would cut federal spending by 31.7 billion pesos ($167.9 billion), reducing the country’s international funding needs as emerging-market assets worldwide tumble following the U.K.’s decision to leave the European Union. A decision on whether to increase the country’s key interest rate will be made next week at a June 30 board meeting after analyzing the ...