Contracts to buy U.S. previously owned homes dropped to a two-year low in April, the latest indication that rising mortgage rates and higher prices were dampening demand for housing.
Contracts to buy U.S. previously owned homes dropped to a two-year low in April, the latest indication that rising mortgage rates and higher prices were dampening demand for housing.
The Canadian dollar edged lower
against its U.S. counterpart on Thursday as a move higher in oil
prices was offset by domestic data showing that retail sales
growth stalled in March, but the currency ...
A long-awaited relaxation of Israeli import controls coming into effect next week should boost competition and cut prices, a government official said on Thursday. From June 1, a list non-food goods that have already been cleared for use in other developed countries will no longer need a separate inspection on arriving in Israel by local authorities.
* Lira has weakened nearly 20% this year. * Committee says it expects disinflation process to start. By Ali Kucukgocmen and Daren Butler. Turkey's central bank kept its policy rate at 14% for a fifth straight month on Thursday as expected, even with inflation set to rise beyond the current 70% as a fresh slide in the lira threatens to stoke prices further.
The Baltic Exchange's main sea freight index extended its decline for the third session in a row on Thursday, dragged by lower rates across all vessel segments. * The overall index, which factors in rates for capesize, panamax, supramax shipping vessels, lost 194 points, or 6.2%, to 2,933. * The capesize index dipped 509 points, or around 12.8%, to 3,478 points.
The number of Americans filing new claims for unemployment benefits fell last week, consistent with a labor market that remains tight amid strong demand for workers despite rising interest rates and tightening financial conditions. Initial claims for state unemployment benefits decreased 8,000 to a seasonally adjusted 210,000 for the week ended May 21, the Labor Department said on Thursday.
The Bank of Canada will hike its overnight rate by 50 basis points on June 1, according to all 30 economists polled by Reuters, who see interest rates at least a half-point higher by year-end than predicted just one month ago.
Britain's economy regained its pre-COVID size late last year, but in one crucial way it has not recovered: there are 400,000 fewer workers than at the start of the pandemic.
Turkey's central bank held its policy rate at 14% for a fifth straight month on Thursday as expected, even as inflation is expected rise beyond 70% currenty while a fresh slide in the lira threatens to stoke prices further.
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