Disappointing housing sales data, analyst report weigh on homebuilder sharesSeptember 24th, 2009 Sector Snap: Data weighs on homebuilder sharesBOSTON — Stocks of homebuilders slipped Thursday after a fresh batch of housing data showed disappointing August sales, and a Citi Investment Research analyst suggested homebuilder stocks may be too expensive. The National Association of Realtors said existing home sales declined 2.7 percent in August compared with a 7.2 percent rise in July.
Ban futures trading to stem price rise, says CPI-MSeptember 24th, 2009 NEW DELHI - The government must immediately ban futures trading in all essential commodities to control the "relentless rise" in their prices, the Communist Party of India-Marxist (CPI-M) has demanded. "This UPA (United Progressive Alliance) government has completely failed in controlling this price rise," noted the CPI-M mouthpiece "People's Democracy".
Summary Box: Manufacturing, housing data boost recovery hopes, consumers are the keySeptember 1st, 2009 Summary Box: Manufacturing, housing data improveMANUFACTURING GROWTH: The Institute for Supply Management's manufacturing index showed growth in the sector in August for the first time in 19 months, posting the highest number since June 2007. New customer orders jumped to a level not seen since December 2004.
Deficient rains may lead to further price rise: RBIAugust 18th, 2009 NEW DELHI - The erratic monsoon may lead to a further rise in prices of essential commodities, the Reserve Bank of India said Tuesday. "The erratic monsoon may put pressure on inflation and could increase the prices," RBI Deputy Governor K.C.
China home prices rise in July for 2nd month; up 1 percent amid stimulus spendingAugust 10th, 2009 China home prices rise 1 pct in July amid stimulusBEIJING —Housing prices in China rose for a second month in July, adding to signs Beijing's massive stimulus spending is helping to boost economic activity, according to data reported Monday. Prices in July were up 1 percent from a year earlier and 0.9 percent over June, when prices started to rise after six-month slide, according to the Cabinet's National Development and Reform Commission and the National Bureau of Statistics.
Weak dollar, improving data on housing, consumer spending send commodity prices higherAugust 4th, 2009 Weak dollar, upbeat data support commoditiesNEW YORK — A weak dollar and more upbeat data on the economy is making a strong case for buying precious and industrial metals. Commodity prices are higher for a fourth day in a row as the National Association of Realtors says pending home sales rose in June by more than analysts had expected.
Existing home sales rise 3.6 percent in June in third straight monthly increaseJuly 23rd, 2009 June existing home sales rise by 3.6 percentWASHINGTON — The U.S. housing market has started to recover from the most far-reaching crisis since the Great Depression, data released Thursday shows.
Data show US housing market starts to recover from most far-reaching crisis since DepressionJuly 23rd, 2009 Data show housing market starting to recoverWASHINGTON — The U.S. housing market has started to recover from the most far-reaching crisis since the Great Depression, data released Thursday show.
Treasurys fall on better-than-expected housing data; Stocks hold week's gainsJuly 17th, 2009 Treasurys slide on upbeat housing dataNEW YORK — Treasury prices fell Friday as the stock market held onto big gains from the week and as investors examined upbeat data on housing. Demand for the safety of government debt ebbed after rising Thursday as the Dow Jones industrials and the Standard & Poor's 500 index posted their best weekly performance since the week ending March 13, when the stock market's spring surge began.
Bangaloreans resent fuel price hikeJuly 2nd, 2009 BANGALORE - The residents of Bangalore have expressed widespread resentment over the fuel price hike announced Wednesday which, they feel, would result in increase in prices of other essential products and services. After the hike of petrol prices by Rs.4 per litre and diesel prices by Rs.2 per litre, Bangaloreans now have to shell out Rs.50.66 per litre for petrol and Rs.37.01 per litre for diesel.
New US jobs data sends oil prices above $70 per barrelJune 5th, 2009 Oil prices spike above $70VIENNA — Oil prices are spiking above $70 per barrel for the first time since October. Prices jumped after a U.S.
Gold closes above $900 for first time in weeks, rising for 2nd straight dayApril 23rd, 2009 Gold prices rise for 2nd straight dayNEW YORK — Gold prices are higher, closing above $900 for the first time in three weeks as investors move some money back into the safe-haven investment while stocks waver on Wall Street. Oil and grain prices are also up slightly.
India's inflation rises marginally to 0.31 percentApril 2nd, 2009 NEW DELHI - India's annual rate of inflation rose marginally to 0.31 percent for the week ended March 21, after declining for eight consecutive weeks, official data showed Thursday. The inflation rate was 0.27 percent the week before.
US stocks rise on better-than-expected economic dataApril 2nd, 2009 NEW YORK - Wall Street rose Wednesday on better than expected economic data. The US National Association of Realtors said its seasonally adjusted index of pending sales for previously occupied homes rose 2.1 percent to 82.1 in February from January's record low of 80.4.
Inflation rises marginally to 0.31 percentApril 2nd, 2009 NEW DELHI - India's annual rate of inflation rose marginally to 0.31 percent for the week ended March 21, after declining for eight consecutive weeks, official data showed Thursday. The inflation rate was 0.27 percent the week before.
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