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  • WASHINGTON, May 24- U.S. home resales fell more than expected in April, weighed down by a chronic shortage of houses on the market that is keeping house prices elevated and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 2.3 percent to a seasonally adjusted annual rate of 5.57 million units...

  • DETROIT— A certified pre-owned vehicle costs more than a regular used car, but it can give buyers some peace of mind in an often murky market. "If I want a car that hasn't been abused, this is one of the best ways to avoid all that guesswork," says Matt Jones, senior editor of consumer advice for the car shopping site Edmunds.com. U.S. certified pre-owned sales grew by 61...

  • TORONTO, May 24- Canada's main stock index fell on Wednesday, weighed down by an earnings miss from Bank of Montreal and as investors assessed the latest monetary policy clues from the country's central bank. BMO was the first of Canada's big banks to report quarterly earnings, with Royal Bank of Canada, Canadian Imperial Bank of Commerce and Toronto-Dominion...

  • AMSTERDAM, May 24- A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing against a Dutch government plan to cut production at the Groningen gas field by 10 percent. The Dutch state earlier on Wednesday confirmed it intended to go ahead with a tightening of output at the massive field from Oct. 1.

  • May 24- Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology. Bitcoin hit a record of $2,409 on the BitStamp platform and was last up 4.3 percent at $2,363. , "Jeffrey Gundlach, chief executive at DoubleLine...

  • May 24- Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology. Bitcoin hit a record of $2,409 on the BitStamp platform and was last up 4.3 percent at $2,363. ,Jeffrey Gundlach, chief executive at DoubleLine...

  • May 24- Lowe's Cos Inc, the No. 2 U.S. home improvement retailer, reported quarterly profit and comparable sales that missed analysts' estimates, in contrast to the strong results reported by larger rival Home Depot Inc last week. This led to weak sales of outdoor products such as plants and patio furniture, which typically made up about 35 percent of the company's...

  • LONDON, May 24- Ministers from OPEC and non- OPEC oil exporters are meeting in Vienna today and tomorrow to decide whether to extend production cuts that have been in effect since the start of the year. But with oil traders focused on Vienna, it is worth asking whether the cuts agreed by OPEC on Nov. 30 and non- OPEC on Dec. 10 have had any significant impact on prices so far.

  • WASHINGTON— The Latest on President Donald Trump's budget:. Budget director Mick Mulvaney told the House Budget Committee on Wednesday that he went "line by line" through the federal budget and asked "Can we justify this to the folks who are actually paying for it? Top officials in President Donald Trump's Cabinet are heading to Capitol Hill to defend his plans to...

  • NEW YORK, May 24- The dollar hovered just above 6-1/ 2- month lows on Wednesday, as investors' focus shifted from U.S. politics to monetary policy ahead of the release of the minutes of the U.S. "The dollar has taken quite a beating over the last month," said Minh Trang, senior currency trader at Silicon Valley Bank in Santa Clara, California. President Donald Trump's...

  • It was the sixth consecutive quarter that charge-offs posted a year-over-year increase, said the FDIC. The FDIC insures bank deposits when a lender fails and the agency's Quarterly Banking Profile gives a snapshot of the industry's health. The amount of tardy loans, called' noncurrent', fell for the 27th time in the last 28 quarters which left the banking sector...

  • *Sales $899.6 mln vs est $913.71 mln. *Adj EPS 72 cents vs est 70 cents- analysts. Tiffany, whose one-of-a-kind pieces are a regular feature on Hollywood red carpets, has been struggling to attract young shoppers, who are either spending less on accessories or are turning to chic brands such as Pandora A/S, and Alex and Ani.

  • SINGAPORE, May 24- China has fined Citic Securities, Haitong Securities and Guosen Securities for breaking brokerage rules as part of Beijing's efforts to clean up its financial services sector. The country's biggest brokerage Citic Securities Co Ltd said in regulatory filings on Wednesday it had been fined 308.3 million yuan and warned by the China...

  • MOSCOW, May 24- The Russian central bank could cut its key rate to 8 percent by the end of the year, paving the way for an acceleration in an economic recovery, the chief economist at Russia's largest lender Sberbank said on Wednesday. Speaking on a conference call after Sberbank reported a record high net profit, Julia Tseplyaeva also said an economic recession in...

  • May 24- Campbell Soup Co said it would partner with Chef'd and invest $10 million in the meal kit company as it steps up efforts to cater to changing consumer tastes toward fresher and healthier foods. The world's largest soupmaker has been reporting weak sales as demand for packaged food in the United States has taken a hit as more customers prefer healthier...

  • *OPEC, other producers in Vienna to discuss oil output. *High inventories, rising US output undermining OPEC limits. NEW YORK, May 24- Oil prices were little changed on Wednesday as investors awaited official data on inventories in the United States and the outcome from Vienna where ministers from OPEC and other exporting countries were discussing whether to...

  • *Qatar First Bank bounces from record lows. RIYADH, May 24- Major Gulf stock markets weakened on Wednesday, with amusement park operator DXB Entertainments continuing to drag down Dubai while banking shares lifted Egypt in the wake of Sunday's interest rate hike. Emaar Malls fell 1.9 percent after the retail arm of Emaar Properties said it would spend $151...

  • *OPEC meets on Thursday to decide output policy. The Organization of the Petroleum Exporting Countries meets in Vienna on Thursday to consider whether to prolong the accord reached in December in which OPEC and 11 non-members agreed to cut oil output by about 1.8 million barrels per day in the first half of 2017.. Two OPEC sources told Reuters a ministerial...

  • WASHINGTON— Americans pulled back their pace of home-buying in April, as shrinking inventories and rising prices are putting them in a bind with fewer and fewer options. The National Association of Realtors said Wednesday that sales of existing homes slipped 2.3 percent last month to a seasonally adjusted annual rate of 5.57 million. The median sales price...

  • WASHINGTON, May 24- U.S. home resales fell more than expected in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 2.3 percent to a seasonally adjusted annual rate of 5.57 million units last...