WASHINGTON (Reuters) - U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market.
Home sales slipped 1.9% last month to a seasonally adjusted annual rate of 4.14 million units, the National Association of Realtors said on Wednesday. Economists polled by Reuters had forecast home resales would rise to a rate of 4.21 million units.
Sales... (continue reading...)
MOSCOW (Reuters) - A senior ally of Russian President Vladimir Putin attended commemorations in Tehran for the late President Ebrahim Raisi on Wednesday and passed on a message of support for the Iranian leadership from the Kremlin chief.
Russia and Iran have developed close ties in recent years, pushing against what they see as pernicious U.S. foreign policy in an effort to establish what they say would be a fairer multipolar world order.
... (continue reading...)(Reuters) - Goldman Sachs, Barclays and Morgan Stanley said on Wednesday that a June rate cut from the Bank of England (BoE) now seems less likely, following a smaller-than-expected drop in British inflation.
Goldman said the British central bank will start reducing interest rates from August, dropping its earlier forecast of cuts beginning in June.
The consumer price index (CPI) rose by 2.3% in the 12 months to April, down sharply from... (continue reading...)
By Gus Trompiz
PARIS (Reuters) - A wave of civil unrest in New Caledonia, a French overseas territory in the southern Pacific that is a leading nickel producer, has halted mining operations and supported a rally in prices for the metal.
Here's why New Caledonia's nickel industry matters politically and on global markets.
HOW BIG IS NEW CALEDONIA'S NICKEL SECTOR AND WHO RUNS IT?
New Caledonia holds the... (continue reading...)
By Katya Golubkova and Pesha Magid
TOKYO/RIYADH (Reuters) - Saudi Arabia is sending a delegation that includes the kingdom's investment minister to China this week, four people familiar with the matter said, as the world's largest oil exporter looks for foreign funding for its ambitious economic transformation.
Two other people briefed on the visit said that Crown Prince Mohammed Bin Salman, the kingdom's prime minister and de facto... (continue reading...)
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