Sales of new homes in the US have plunged 11.2 per cent to a historic low, the government reported, in a fresh sign of weakness in the housing market.
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Sales of new homes in the US have plunged 11.2 per cent to a historic low, the government reported, in a fresh sign of weakness in the housing market.
The number of US banks considered troubled jumped to more than 700 last quarter even as the industry eked out a small profit, the government said.
Investment funds that were frozen when the government introduced its bank deposit guarantee have been able to manage their liquidity & quot;very well & quot;, Treasury says.
Seven Network Ltd director Ryan Stokes has welcomed the government & #39;s decision to give free-to-air TV stations rebates on their licence fees.
India & #39;s economy should expand by 7.2 per cent this fiscal year, the government forecast, as growth heads back to the robust levels.
Demand for home loans dived in January after three official interest rate rises and the cut in the government first homeowners & #39; grant, a mortgage broker says.
The US House of Representatives has voted to allow the government to go & #36;US1.9 trillion ( & #36;A2.2 trillion) deeper in debt.
Greek PM George Papandreou has named a team of foreign academics and political advisers to streamline his government as it battles a severe financial crisis.
Shysters who trick vulnerable investors into selling their shares below market price are in the government & #39;s sights.