US new home sales tumble to 6-1 / 2-year low; prices still high

New single-family home sales drop 12.6% in July Median house price up 8.2% to $ 439,400 from year ago Private sector activity contracts again in August WASHINGTON, Aug 23 (Reuters) – Sales of new US single-family homes plunged to a 6-1 / 2-year low in July as persistently high mortgage rates and house prices further … Read more

US housing starts near 1-1 / 2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – US homebuilding fell to the lowest level in nearly 1-1 / 2 years in July, weighed down by higher mortgage rates and prices for construction materials, … Read more

Five Chinese state-owned companies to delist from NYSE

SHANGHAI / HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned firms including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist from the New York Stock Exchange, amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina … Read more