US Existing-Home Sales Decline as Rates Keep Buyers Sidelined
Sales of previously-owned homes in the US fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices.
Sales of previously-owned homes in the US fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices.
Ally Financial Inc.’s shares gained the most since January after the auto lender’s first-quarter results topped Wall Street forecasts.
The European Central Bank’s room for maneuver will be limited if sticky US inflation forces the Federal Reserve to delay monetary policy easing this year, according to Governing Council Member Robert Holzmann.
Azul SA’s pursuit of a merger with Gol Linhas Aereas Inteligentes SA has gained momentum, with talks underway for a deal with the controlling shareholder of the rival Brazilian airline, according to people familiar with the matter.
Nigeria’s new mega Dangote oil refinery is slowly grinding into gear, with analysts and traders watching its ramp up closely to try to understand when it will start pouring gasoline into the market.
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