U.S. housing starts rose in July. Amid limited supply in the second-hand housing market, an increase in single-family housing starts drove overall sales. Key points Housing starts up 3.9% month-on-month at an annualized rate of 1,452,000 units The median forecast for the previous month was revised down to 1,398,000 units (preliminary estimate: 1,434,000 units) Single-family … Read more
Mubasher: Gold prices stabilized during trading today, Wednesday, supported by expectations that the Federal Reserve has not yet finished the monetary tightening cycle. And by 09:35 am GMT, gold settled in spot transactions at $ 1903.50 an ounce. US gold futures also settled at $1935.60 an ounce. As for other precious metals, spot silver rose … Read more
Dubai – Mubasher: Shuaa Capital announced that Jassim Al Siddiqi’s share has decreased to 21 percent of the company’s capital, which he indirectly owns. Shuaa indicated that this comes after he sold a share of 71.5 million shares through a private deal. The ownership of the former board member was around 25% before he announced … Read more
China’s President Xi Jinping is hesitant to launch a massive stimulus package to revive the world’s second-largest economy, but markets react to an unexpected rate cut by the People’s Bank of China (PBOC). ’s harsh reaction suggests investors are pushing Mr. Xi to take more drastic steps. The People’s Bank of China cut the one-year … Read more
Shares of Vietnamese electric car maker VinFast Auto rose 255% on its first day of trading on the Nasdaq on Wednesday, boosting the wealth of its founder. Chairman Pham Nhat Vuong’s net worth increased by $ 39 billion (about 5.68 trillion yen), and the company’s market capitalization is larger than that of industry giants General … Read more
Federal Reserve Bank of Minneapolis President Neel Kashkari said on Thursday that the U.S. was making positive moves to curb inflation, but that the pace of inflation was more than policymakers could tolerate. . “Inflation is slowing right now. But he said inflation was “still too high.” He will vote at this year’s Federal Open … Read more
The Ministry of Finance is preparing the final revision of the 2014-20 Partnership Agreement with the hope of absorbing the total amount of the €23.5 billion – €19.73 billion from the European Structural and Investment Funds and the rest in matching funds provided by Greece – allocated to 11 “Thematic Objectives” plus technical assistance. At … Read more
district of Olpe. How about spending free time with family at the cinema? Here you will find all information about the cinemas in the district of Olpe and the program. If you ever don’t know what to do with friends or family on a rainy day, then that would be Evil but exactly the right … Read more
Frankfurt am Main (ots) – – Low-emission and energy-efficient steel mill technology – supplies from SMS group With a loan of up to USD 150 million, KfW IPEX-Bank is helping to finance a new, state-of-the-art, energy-efficient reinforcing steel plant that is currently being built in Osceola, Arkansas. The plant will be built by Hybar, a … Read more
China’s dollar-denominated junk bonds hit new year-to-date lows after leading Chinese real estate developer Bei Guiyuan could default Investors are targeting such companies. Among the stocks that make up Bloomberg’s Chinese dollar-denominated high-yield bond index, real estate-related Jindi Group, Yajule Group and Xincheng Development were the most notable performers on the 14th, all of which … Read more