US Housing Market Starts Nearly 1-1/2 Year Low; factory output bounces back

Home start-up drops 9.6%; building permits fall 1.3% Single-family start tumbles 10.1%; licenses decrease 4.3% Home construction backlog is up 5.0% Manufacturing production recovers 0.7% WASHINGTON, Aug. 16 (Reuters) – US housing construction fell to its lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and building materials prices, suggesting … Read more

Russia could buy yuan, rupees and Turkish lira for rainy day fund, central bank says

National flag flies over the headquarters of the Russian Central Bank in Moscow, Russia, May 27, 2022. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Register This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine MOSCOW, Aug. 12 (Reuters) – Russia is considering buying the … Read more

Five Chinese state-owned companies are delisting from NYSE

SHANGHAI/HONG KONG, Aug. 12 (Reuters) – Five Chinese state-owned companies, including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist the New York stock exchange amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec … Read more

Oil falls amid recession fears, slow recovery of imports from China

FILE PHOTO – An oilfield worker works on a pump jack at PetroChina’s Daqing oil field in northeast Heilongjiang province, Nov. 5, 2007. REUTERS/Stringer (CHINA) Register now for FREE unlimited access to Register SINGAPORE, Aug. 8 (Reuters) – Oil prices fell on Monday and remained near their multi-month low as recession fears hurt demand … Read more

Russia Bans Western Investors From Selling Banking And Key Energy Holdings

Russian President Vladimir Putin chairs a meeting on the development of the country’s metallurgical sector, via video link in the Kremlin in Moscow, Russia, Aug. 1, 2022. Sputnik/Pavel Byrkin/Kremlin via REUTERS Register now for FREE unlimited access to Register This content was produced in Russia, where the law limits coverage of Russian military operations … Read more

House prices in Australia fall, Sydney suffers worse month in 40 years

FILE PHOTO – Homes on display in Australia’s Clovelly suburb of Sydney, July 19, 2015. REUTERS/David Gray Register now for FREE unlimited access to Register SYDNEY, Aug. 1 (Reuters) – Australian house prices fell for a third month in July, accelerating the pace as Sydney experienced its worst decline in nearly 40 years amid … Read more

Britain starts post-Brexit ‘transformation’ of finances

UK wants to preserve London’s financial position after Brexit Regulators focus on competitiveness, not just stability Capital rules for insurers are relaxed to stimulate investment Zahawi pauses plan for increased government oversight of regulators LONDON, July 19 (Reuters) – British financial regulators will have to promote the global competitiveness of the country’s financial sector, although … Read more

ECB policymakers to discuss a 50bp rate hike this week, sources say

ECB considers rate hike of 25 or 50 bp New instrument for buying bonds under Commission rules FRANKFURT, July 19 (Reuters) – European Central Bank policymakers will discuss at their meeting on Thursday whether to raise interest rates by a higher-than-expected 50 basis points to tame record high inflation, said two sources with direct knowledge … Read more

Wall St Week Ahead: Recession fears loom over US value stocks

A screen shows trading information for stocks on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 27, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Register NEW YORK, July 15 (Reuters) – Fears of a possible economic slowdown are clouding the outlook for value stocks, … Read more

Crypto Lender Celsius Network Reveals $1.19 Billion Gap in Bankruptcy Filing

July 14 (Reuters) – Celsius Network noted a $1.19 billion deficit on its balance sheet in a bankruptcy court filed Thursday, a day after the cryptocurrency lender filed for Chapter 11 bankruptcy. New Jersey-based Celsius froze withdrawals last month, citing “extreme” market conditions, cutting off access to savings for individual investors and sending tremors through … Read more