U.S. mortgage applications fall as rates push higher: MBA
NEW YORK (Reuters) – Applications for U.S. home loans fell for a second straight week and higher interest rates reduced refinancing activity, data from an industry group showed on Wednesday.
Indian rupee at record low again despite RBI intervention
MUMBAI (Reuters) – The Indian rupee plunged to a record low on Wednesday on heavy dollar demand by importers and as traders fretted over mixed signals from the central bank over its efforts to prop up the currency without choking off economic growth.
Leverage crackdown puts spotlight on Credit Agricole, Deutsche
PARIS/FRANKFURT (Reuters) – A regulatory crackdown on debt could hit Deutsche Bank harder than expected and embroil Credit Agricole despite the French bank’s insistence that its ownership structure reinforces its capital defenses.
Uranium miners face new hurdles as Fukushima disaster worsens
SYDNEY (Reuters) – Revelations of more toxic leaks from Japan’s Fukushima Daiichi nuclear power plant will raise second-thoughts about Japan’s nuclear future, but won’t halt the long-term global expansion of the industry, the head of a uranium mining c…
America Movil secures financing to buy KPN
BRUSSELS (Reuters) – Mexican telecoms group America Movil said it has put in place financing to buy the rest of Dutch group KPN even though its offer may be too late to influence the sale of KPN’s German unit in October.
Analysis: Obamacare, tepid U.S. growth fuel part-time hiring
WASHINGTON (Reuters) – U.S. businesses are hiring at a robust rate. The only problem is that three out of four of the nearly 1 million hires this year are part-time and many of the jobs are low-paid.
Japan economy may have bottomed out in late 2012 – government panel
TOKYO (Reuters) – Japan may have emerged late last year from its shortest economic contraction in roughly 60 years, findings of a government panel showed, as optimism generated by Prime Minister Shinzo Abe’s reflationary policies led to robust personal…
Japan economy may have bottomed out in late 2012 – government panel
TOKYO (Reuters) – Japan may have emerged late last year from its shortest economic contraction in roughly 60 years, findings of a government panel showed, as optimism generated by Prime Minister Shinzo Abe’s reflationary policies led to robust personal…
Japan finance minister: no convincing reason to delay sales tax hike
TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Wednesday that he has not heard of any convincing reasons why the government should delay a sales tax hike planned for next year.
Australia’s Palmer discovers potential $35 billion PNG gas region
SYDNEY (Reuters) – Australian mining mogul Clive Palmer says his oil and gas business has identified what could be one of the world’s largest gas fields off the coast of Papua New Guinea, potentially worth $35 billion.
