U.S. single-family home prices rose by a seasonally adjusted 0.3 percent in July from June but were 4.2 percent lower than a year earlier and 10.5 percent below their April 2007 peak, the Federal Housing Finance Agency said on Tuesday. The regulator's monthly home price index (HPI) for June was revised down to a 0.1
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U.S. stocks rose at the open on Tuesday as the U.S. dollar hit a 1-year low against the euro ahead of the start of a Federal Reserve policy meeting, boosting oil and metals prices. The Dow Jones industrial average (.DJI) was up 47.84 points, or 0.49 percent, at 9,826.70. The Standard & Poor's 500 Index
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Latvia, Hungary and Iceland can be characterised as being in a state of 'fragile stabilisation,' but it is too early to speak of a recovery, Moody's Investors Service said in a new Special Comment analysing the current status of these three economies. Moody's said that it cannot yet conclude with any certainty that the economies
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Ankara must recognise that the influx of illegal settlers from Turkey to Cyprus’ northern occupied areas is a war crime, House President and Acting President of the Republic Marios Garoyian has stressed, pointing out that once this is acknowledged, Cyprus would be ready to discuss the possibility of Turkish settlers remaining in Cyprus, on humanitarian
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President of the Republic of Cyprus Demetris Christofias has expressed hope that Turkey will change its stance on the Cyprus problem so that a settlement could be achieved. President Christofias, accompanied by his spouse, Elsie, Government Spokesman Stephanos Stephanou and associates, arrived in New York on Monday to participate in the works of the UN
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British Prime Minister Gordon Brown said on Tuesday there was substantial support among the Group of 20 nations for creating a new framework to tackle global economic imbalances. But French Economy Minister Christine Lagarde said she feared growing signs of economic recovery could undermine commitments to rework and regulate the world financial order. "This meeting
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World stocks and oil climbed on Tuesday ahead of the Federal Reserve's two-day policy meeting, while investors' search for higher returns pushed the dollar down to a one-year low against the euro. European equities and U.S. stock futures followed Asia markets higher, while safe-haven U.S. and German government bond prices and the low-yielding dollar all
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Stock futures pointed to a higher opening on Wall Street on Tuesday, with futures for the S&P 500 up 0.7 percent, Dow Jones futures up 0.6 percent and Nasdaq 100 futures up 0.7 percent at 4:56 a.m. EDT. Citigroup (C.N) will be in the spotlight after the Government of Singapore Investment Corp (GIC) said on
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The UK government has not set a sale timetable or revenue targets for its shares in Britain's part- and fully nationalised banks, reducing the risks attached to a disposal, an official at the body managing the stakes said. John Crompton, head of market investments at UK Financial Investments (UKFI), said there were no targets along
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Oil rose above $70 a barrel on Tuesday, supported by a weaker dollar and recovering from a sharp fall the previous day, but bulging inventories and slow demand limited gains. U.S. crude futures <CLc1> rose 71 cents to $70.42 a barrel by 0927 GMT, trimming the previous day's $2.33 drop. London Brent crude <LCOc1> gained
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