Singapore’s economy to grow in 2013: IMF
August 28th, 2012 - 12:48 pm ICT by IANS
Washington, Aug 28 (IANS) Singapore's economy would expand by 2.9 percent this year before firming up to 3.4 percent in 2013, and Singapore has ample policy space to mitigate the ... Read more...
Posted in Business |
Canada to have slower growth in housing market
August 15th, 2012 - 3:28 pm ICT by IANS
Ottawa, Aug 15 (IANS) Housing market in Canada will lose some of momentum for development next year, the country's national housing agency predicted.
Canada Mortgage and Housing Corp. (CMHC) said ... Read more...
Posted in Business |
China tax collection down
July 25th, 2012 - 7:27 pm ICT by IANS
Beijing, July 25 (IANS) Government tax collections in China have decreased in the first half of 2012, the finance ministry said.Collection of taxes related to personal income and real estate ... Read more...
Posted in Business |
US housing market ready to rebound
July 19th, 2012 - 3:03 pm ICT by IANS
Washington, July 19 (IANS) The US housing sector was ready to get back to work while the construction industry continued to struggle on the jobs front, said the US mortgage ... Read more...
Posted in Business |
US economy grows at modest pace
July 19th, 2012 - 1:45 pm ICT by IANS
Washington, July 19 (IANS) The US economy expanded at a "modest to moderate pace" in June and early July, but the employment situation only improved at a "tepid" pace, the ... Read more...
Posted in Business |
China’s economy to pick up speed: experts
July 2nd, 2012 - 5:17 am ICT by IANS
Beijing, July 2 (IANS) China's economy will grow at a faster pace in the second half of 2012 on rising investment, exports and expanding housing market, experts said."We are confident ... Read more...
Posted in Business |
New Zealand interest rate unchanged
April 26th, 2012 - 1:43 pm ICT by IANS
Wellington, April 26 (IANS) New Zealand's central bank Thursday announced it is to leave its interest rate unchanged at 2.5 percent.The Reserve Bank of New Zealand (RBNZ) hinted that the ... Read more...
Posted in Business |
US stocks lower amid weak economic data
April 20th, 2012 - 1:32 am ICT by IANS
New York, April 19 (IANS) US stocks edged lower Thursday as the latest string of weak economic data overshadowed better-than-expected corporate earnings.The US Labor Department said that the number of ... Read more...
Posted in Business |
Wall Street takes breather after Fed-fuelled rally (Lead)
March 28th, 2012 - 7:01 am ICT by IANS
New York, March 28 (IANS) US stocks retreated in choppy session and ended modestly lower Tuesday after major indexes jumped to 2012 highs in a central bank-fuelled rally.The Dow Jones ... Read more...
Posted in Business |
US stocks flat after Fed-fuelled rally
March 28th, 2012 - 3:55 am ICT by IANS
New York, March 28 (IANS) US stocks traded flat Tuesday after major indexes jumped to 2012 highs in a central bank-fuelled rally.In midday trading, the Dow Jones industrial average dipped ... Read more...
Posted in Business |
US stocks rally after Bernanke’s remarks
March 27th, 2012 - 3:35 am ICT by IANS
New York, March 27 (IANS) US stocks rallied Monday after the Federal Reserve Chairman Ben Bernanke said the central bank will bolster the economy despite signs of stronger recovery.During a ... Read more...
Posted in Business |
US house prices flat
March 23rd, 2012 - 2:13 pm ICT by IANS
Washington, March 23 (IANS) US house prices were unchanged in January from the previous month on a seasonally adjusted basis, the US Federal Housing Finance Agency (FHFA) reported Thursday.House prices ... Read more...
Posted in Business |
US stocks mixed after downbeat housing data (Lead)
March 22nd, 2012 - 1:01 am ICT by IANS
New York, March 21 (IANS) US stocks traded mixed Wednesday after the latest report showed an unexpected decline in home resales, indicating the housing market was still facing a lot ... Read more...
Posted in Business |
Economy not strong enough: US official
March 16th, 2012 - 1:10 pm ICT by IANS
New York, March 16 (IANS) US economy is on the mend and shows many signs of early recovery but still not strong enough to go without help from the government, ... Read more...
Posted in Business |
China not to loosen regulations on housing market
March 14th, 2012 - 2:07 pm ICT by IANS
Beijing, March 14 (IANS) Chinese Premier Wen Jiabao said Wednesday the country will not slacken it efforts in regulating the housing prices, which he considered still "far from falling back ... Read more...
Posted in Business |
Britain’s house prices fall
March 6th, 2012 - 11:20 pm ICT by IANS
London, March 6 (IANS) Britain's house prices declined by 0.5 percent in February compared to the previous month, said Halifax, the country's biggest mortgage lenders.Houses prices fell by 1.1 percent ... Read more...
Posted in Business |
Bank of Canada warns of growing mortgage debt
February 24th, 2012 - 1:42 pm ICT by IANS
Ottawa, Feb 24 (IANS) Canadian homeowners are loading themselves with too much debt and face serious problems if house values start to drop, the Bank of Canada warned Thursday.For months, ... Read more...
Posted in Business |
Slight fall in US house prices
February 24th, 2012 - 1:39 pm ICT by IANS
Washington, Feb 24 (IANS) The US house prices fell modestly in the fourth quarter of 2011 on a seasonally adjusted basis, the US Federal Housing Finance Agency (FHFA) reported Thursday.The ... Read more...
Posted in Business |
US house prices fall
February 24th, 2012 - 3:41 am ICT by IANS
Washington, Feb 24 (IANS) US house prices fell modestly in the fourth quarter of 2011.The prices were 0.1 percent lower in the fourth quarter than the previous one, while the ... Read more...
Posted in Uncategorized |
Obama’s plan to help 3.5 mn homeowners (Lead)
February 2nd, 2012 - 3:34 pm ICT by IANS
Washington, Feb 2 (IANS) In the midst of a heating election campaign, President Barack Obama plans to help with good credit about 3.5 million Americans who are unable to ... Read more...
Posted in Politics |
China mulls property market regulation
January 31st, 2012 - 6:13 pm ICT by IANS
Beijing, Jan 31 (IANS) China is planning to introduce new regulations to further cool the property market.Housing Minister Jiang Weixin said his ministry has started a project to link databases ... Read more...
Posted in Business |
US Fed to keep interest rates low
January 26th, 2012 - 4:15 am ICT by IANS
Washington, Jan 26 (IANS) The US Federal Reserve plans to keep key interest rates exceptionally low at least through 2014.The US economy has been "expanding moderately", the Federal Open Market ... Read more...
Posted in Business |
Beijing home prices drop by 11 percent
January 16th, 2012 - 11:56 pm ICT by IANS
Beijing, Jan 16 (IANS) Home prices in Beijing have dropped by 11.3 percent annually in 2011 due to the government's policies to cool the property market, experts said Monday.The average ... Read more...
Posted in Business |
New home sales in US rose in November
December 24th, 2011 - 12:53 pm ICT by IANS
Washington, Dec 24 (IANS/EFE) Sales of new homes in the US rose 1.6 percent between October and November to reach an annualized rate of 315,000, authorities said Friday.Yet the figure ... Read more...
Posted in Uncategorized |
US economic growth to remain slow in 2012: Experts
December 20th, 2011 - 3:15 pm ICT by IANS
Washington, Dec 20 (IANS) The US economy is projected to grow at a slow pace because of ongoing challenges, American experts said Monday.
The housing market will probably remain relatively ... Read more...
Posted in Business |
US homebuilder confidence up in November
November 17th, 2011 - 2:11 pm ICT by IANS
Washington, Nov 17 (IANS) US homebuilder confidence for newly built, single-family homes climbed in November to the highest level since May 2010, a nationwide industry report has revealed.The nation's homebuilder ... Read more...
Posted in Business |
Fannie Mac seeks $7.8 bn aid from US government
November 9th, 2011 - 1:59 pm ICT by IANS
Washington, Nov 9 (IANS) Fannie Mac, one of the two major US mortgage-finance companies, has said it will request a $7.8 billion aid from the US government after posting huge ... Read more...
Posted in Uncategorized |
Inflation data key to rate cut: Australian central bank
October 18th, 2011 - 1:18 pm ICT by IANS
Sydney, Oct 18 (IANS) The Reserve Bank of Australia (RBA) signalled Tuesday that highly anticipated consumer inflation data could be the trigger for cutting the official interest rate.The minutes of ... Read more...
Posted in Business |
Briton wears board to sell home
September 23rd, 2011 - 9:04 pm ICT by IANS
London, Sep 23 (IANS) A Briton has begun wearing a double-sided board to sell his home.Tim Mason has begun walking the streets of Bristol city wearing the board after he ... Read more...
Posted in Uncategorized |
US stocks up for second day on Greece hope
June 29th, 2011 - 3:56 am ICT by IANS
New York, June 29 (IANS) US stocks extended gains for the second straight day Tuesday as investors expected the Greek parliament would pass the austerity plan, paving way for a ... Read more...
Posted in Business |
US stocks trim losses in late-hour trading
May 18th, 2011 - 7:44 am ICT by IANS
New York, May 18 (IANS) Wall Street trimmed most of the early losses in late-hour trading and ended mixed Tuesday, after weak economic data and tepid outlook from big-name tech ... Read more...
Posted in Business |
US stocks drop on economy worries
May 17th, 2011 - 5:47 am ICT by IANS
New York, May 17 (IANS) US stocks fell Monday, with the tech-heavy Nasdaq leading the decliners, as weaker-than-expected economic data made investors worry about the strength of the US economy, ... Read more...
Posted in Business |
US home sales rebound from record low
April 26th, 2011 - 11:36 am ICT by IANS
Washington, April 26 (IANS/EFE) The pace of new home sales in the US increased 11.1 percent last month to an annualised rate of 300,000 units, the Commerce Department said Monday.Though ... Read more...
Posted in Business |
Kate Moss’ London mansion on sale for $11m
March 9th, 2011 - 5:45 pm ICT by ANI
Melbourne, March 9 (ANI): Supermodel Kate Moss has put her luxury London mansion on sale for 11 million dollars.According to the Daily Mail, the 37-year-old is reportedly struggling to sell the massive ... Read more...
Posted in Entertainment |
Wall Street plunges amid concerns over Libya crisis
February 24th, 2011 - 5:29 am ICT by IANS
New York, Feb 24 (IANS) US stocks dropped for a second straight day Wednesday as investors were concerned about Libya turmoil and the growing Middle East unrest, Xinhua reported. Investors' concerns over ... Read more...
Posted in Business |