US 30-year fixed-rate mortgage rises to 6.54%
WASHINGTON (Reuters) – U.S. mortgage rates increased for a fourth straight week this week, suggesting the housing market could remain on the back foot for some time even as the…
Economy
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Platinum Equity’s Ingram Micro valued at $6 billion as shares jump 15% in NYSE debut
By Arasu Kannagi Basil and Echo Wang (Reuters) -Ingram Micro notched a valuation of $6 billion after shares jumped 15% in their market debut on Thursday, signaling strong investor demand…
Factbox-ECB policymakers’ comments at the IMF-World Bank annual meetings
(Reuters) – The European Central Bank cut interest rates for a third time this year last week and investors expect further reductions ahead as euro zone inflation stabilises at the…
IMF says size of Egypt’s loan programme is still appropriate
WASHINGTON (Reuters) – The International Monetary Fund said on Thursday that the size of Egypt’s $8 billion loan programme is “still appropriate”, and that it will assess as a priority…
US Treasury allows miners to access clean energy manufacturing subsidy
By Nichola Groom and Ernest Scheyder (Reuters) -The U.S. Treasury Department said on Thursday it would allow some mining companies to access a tax credit aimed at boosting American production…
Allianz weighs options for AllianzGI unit, sources say
By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON (Reuters) – Allianz (ETR:ALVG) is weighing options for its Allianz Global Investors unit, including a possible merger or partial…
ECB hawks push back against bets on more and bigger cuts
By Balazs Koranyi WASHINGTON (Reuters) -Three European Central Bank officials tried to cool market speculation on bigger interest rate cuts on Thursday, urging the ECB to proceed gradually or at…
Carrier cuts annual revenue forecast on weak consumer demand, shares fall
(Reuters) – Carrier Global (NYSE:CARR) cut its annual revenue forecast on Thursday due to weak consumer spending on non-essential items such as heating, ventilation and air conditioning systems, sending its…
Column-Fed ‘policy error’ chatter is way too premature: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – Last month Federal Reserve Chair Jerome Powell and his colleagues were lauded for starting their policy easing cycle with a half percentage-point rate…
US business activity rises in October; price pressures easing
WASHINGTON (Reuters) – U.S. business activity increased in October amid strong demand, and firms raised prices for goods and services at the slowest pace in nearly 4-1/2 years, indicating that…