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US pending home sales rise for third straight month, NAR says

(Reuters) - Contracts to buy U.S. previously owned homes rose unexpectedly in October, notching a third straight month of increases, despite high mortgage rates and as inventory...

Mozambique central bank cuts key rate for sixth time in 2024

(Reuters) -Mozambique's central bank cut its main interest rate by 75 basis points on Wednesday, the sixth cut in a row, as inflation remains subdued in the southern African...

US auto sales set to rise in November amid steeper discounts, report shows

(Reuters) - New vehicle sales in the U.S. are projected to have risen 6.7% in November from a year earlier, driven by higher discounts to clear elevated inventory, according to a...

German cabinet approves measures for better access to capital markets

BERLIN (Reuters) -Germany's cabinet on Wednesday approved a package of measures to promote startups and improve access to capital markets, government sources said, though it was...

US weekly jobless claims decline further

WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits fell again last week, but many laid-off workers are experiencing long bouts of...

Factbox-Major fallout for India's Adani Group after U.S. bribery indictment

(Reuters) -Some nations and investors have either scrapped deals or halted investments in the Adani Group, after the United States indicted its billionaire chairman Gautam Adani...

U.S. housing affordability to worsen even as price rises slow: Reuters poll

By Sarupya Ganguly BENGALURU (Reuters) - Purchasing affordability for first-time U.S. homebuyers will worsen over the coming year on tight supply and just a few more Federal...

Fed will deliver another 25bp cut in December, Barclays says

Barclays anticipates that the Federal Reserve will implement another 25 basis point rate cut in December, according to insights from the minutes of the November...

French consumer morale hits 5-month low as political crisis looms

PARIS (Reuters) -French consumer confidence fell to a five-month low in November as households fretted over the outlook for the economy and the job market in the face of a looming...

ECB rate stimulus no magic wand for structural faults, Schnabel argues

FRANKFURT (Reuters) -The European Central Bank should cut interest rates only gradually and not lower them to a level that stimulates growth since that would not resolve the...

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