U.S. new home sales seen up 8.6 percent in June: MBA
NEW YORK (Reuters) – U.S. sales of new single-family homes likely grew at an seasonally adjusted annualized rate of 530,000 units in June, up 8.6 percent from a 488,000 annualized pace in May, the Mortgage Bankers Association said on Thursday.
Valeant says ex-CEO Pearson remains a significant shareholder
(Reuters) – Valeant Pharmaceuticals International Inc said on Thursday its former CEO Michael Pearson remains a significant shareholder of the Canadian drugmaker.
Delta Air tops profit expectations, plans to curb growth
(Reuters) – Delta Air Lines Inc on Thursday reported a higher-than-expected profit for the second quarter and said it would make fewer seats available to the United Kingdom and elsewhere than previously planned this autumn so ticket prices do not drop…
Elizabeth Warren urges probe of Airbnb-type rentals
WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren on Wednesday called for a regulatory probe into whether short-term rental websites such as Airbnb are taking housing away from long-term renters and pushing up prices.
California rejects VW’s recall plan for larger diesel cars
SAN FRANCISCO (Reuters) – California’s chief air regulator has rejected a proposed recall plan from Volkswagen AG to fix 16,000 3.0-liter diesel Volkswagens, Audis and Porsches in the state equipped with devices designed to cheat emissions tests.
Global stocks hit eight-month highs ahead of BoE Brexit response
LONDON (Reuters) – World shares hit an eight-month high on Thursday as the Bank of England prepared to deliver its Brexit defense plan, a move investors believe could set off another round of global central bank- and government-led stimulus.
Fed’s Harker now sees just up to two rate hikes this year
PHILADELPHIA (Reuters) – The Federal Reserve could hike interest rates up to two times before year end, a top U.S. central banker said on Wednesday, slightly downgrading his expectations for monetary tightening even though he said the economy is on “fa…
U.S. posts $6 billion budget surplus in June
WASHINGTON (Reuters) – The U.S. federal government posted a budget surplus of $6 billion in June, compared with a surplus of $50 billion in the same month a year earlier, the Treasury Department said on Wednesday.
U.S. challenges China raw material export duties in trade enforcement push
WASHINGTON (Reuters) – The United States challenged China’s export duties on nine key metals and minerals on Wednesday, arguing they violate Beijing’s commitments to the World Trade Organization (WTO) and give an unfair advantage to Chinese manufacture…
EU antitrust chief to hold news conference at 1000 GMT
BRUSSELS (Reuters) – European Competition Commissioner Margrethe Vestager will hold a news conference at 1200 CET (1000 GMT) on antitrust cases, the Commission said in a statement on Thursday.
