LONDON, May 26- Sterling rose to a 2-1/ 2 month high against a struggling euro on Tuesday, with the single currency weighed down by Greece's debt problems and interest rate differentials moving in favour of the British pound. The euro has been hit in recent days by a senior European Central Bank official flagging the possibility of aggressive bond buying and...» Read More
The unrelenting rise in oil prices has put Federal Reserve Chairman Ben Bernanke in the precarious position of trying to talk down inflation without raising interest rates.
The U.S. Federal Reserve cannot lower interest rates at the moment, given high oil prices and the spectre of inflation, John Lonski, chief economist at Moody's rating agency, told La Repubblica newspaper.
The average asking price of a UK property fell in June as mortgage providers cherry-picked customers and competing properties outnumbered buyers by 15 to 1, property advertiser web site Rightmove, one of Britain's biggest, said.
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Dove or Hawk? How will the Fed set policy during the two-day meeting beginning Tuesday?
I like to think I know everything about home prices, but I learned a few things from Prof. Chip Case at a conference yesterday (one of the men behind the Case-Shiller Home Price Index).
Bob Toll doesn't buy the numbers from Commerce. The CEO of Toll Bros. says there's no way new home sales are running as high as the census bean counters claim because they don't include cancellations which are still running around 30 percent.
The Fed's recent tough talk on inflation has pushed up some longer-term interest rates, hitting the economy in one of its tenderest spots— housing.
CFO Bill Wheat says they want to sell $400 million worth of land, the bulk of it in Florida, California, Arizona and New Mexico. That would get them to a three year supply.
Still here at the BofA homebuilders conference. I met with an analyst down in the lobby from a competing investment bank. He's here meeting with reps from the builders and just did Ryland. He says they told him, "We have nothing positive to say about the housing market."
Factory activity in the U.S. Mid-Atlantic region slowed further in June, a survey showed Thursday.
I'm working the Bank of America home building conference in New York today, moderating the lunch panel and sitting in on presentations by the major builders.
Bank of England Deputy Governor John Gieve announced on Wednesday he will quit prematurely next year just as the government unveiled the biggest shake-up of the central bank's financial stability remit in more than a decade.
Oil companies are fixing the price of oil and should suffer penalties, according to developer Donald Trump.
With inventories of new homes at a record high, really nobody should be putting a shovel in the ground unless it’s already pre-ordered and pre-bought. I know that’s not exactly what a big public home builder wants to hear. They build homes for a living, I get that.
US producer prices rose by a larger-than-expected 1.4% in May after another jump in energy prices, but core inflation at the producer level moderated as forecast.
Britain's inflation rate rose in May to its highest since the Labour government came to power in 1997 but the Bank of England played down the risk of early interest rate rises by saying the path for rates was still "uncertain."
German investor sentiment about the outlook for Europe's largest economy fell by much more than expected in June, a closely watched survey showed on Tuesday.
An online petition urging the European Central Bank not to raise interest rates in July is gaining ground, with people from France, Spain, Italy but also from English-speaking countries adding their signatures.
The U.S. Federal Reserve does not appear to see a compelling case for raising interest rates before autumn unless the inflation outlook deteriorates considerably, the Wall Street Journal said on Tuesday.