(Reuters) – U.S. home builder confidence rose in October for the second consecutive month but volatile mortgage rates and low housing affordability continued to pose headwinds. The NAHB/Wells Fargo Housing Market Index of builder confidence increased to 43 this month from 41 in September, the National Association of Home Builders said on Thursday. A Reuters …
US home builder confidence rises for second straight month Read More »
By Richa Naidu LONDON (Reuters) – Nestle on Thursday said shopper “concerns around the election” in the United States are putting further pressure on demand in its biggest market by creating consumer uncertainty. The U.S. presidential election, the most consequential vote for financial markets in an election-packed year, is weeks away and Democratic Vice President …
Nestle flags shopper uncertainty around US election Read More »
By Rachel More BERLIN (Reuters) – A German warship operating as part of the United Nations’ UNIFIL peacekeeping mission shot down a drone off the coast of Lebanon on Thursday, the German defence ministry told Reuters, as unease builds over the safety of the U.N. troops in the country. UNIFIL positions have come under fire …
German warship serving UNIFIL downs drone off Lebanon Read More »
COPENHAGEN (Reuters) -Norway’s embassy in Lebanon’s capital Beirut has been evacuated on Thursday following a bomb threat, the Norwegian ministry of foreign affairs said. “We can confirm that the building where the Norwegian embassy in Beirut is located has received a bomb threat today,” the Norwegian ministry said in an emailed statement. “Only a few …
Norway says its embassy in Beirut evacuated over bomb threat Read More »
By Naomi Rovnick and Alun John LONDON (Reuters) – Seven of the 10 big developed-market central banks tracked by Reuters have now started easing policy, with expectations of how quickly each will move swinging back and forth as policymakers stress data dependency. Here’s where major rate-setters stand and what traders expect next. 1/ SWITZERLAND Demand …
MARANELLO, Italy (Reuters) – Ferrari on Thursday unveiled its new limited edition supercar, which incorporates features from Endurance motor competitions and Formula 1 and has already sold out despite its 3.6 million euro ($3.9 million) base price tag. The hybrid butterfly-door F80 is a highlight in Ferrari’s model roll-out strategy aimed at keeping its wealthy …
By Shrivathsa Sridhar BENGALURU (Reuters) -India were bundled out for a dismal 46, their worst total on home soil, as New Zealand’s fast bowlers ran amok in overcast conditions before the tourists got to 180-3 at stumps on the second day of the rain-hit opening test on Thursday. New Zealand swelled their lead to 134 …
Cricket-Woeful India dismissed for 46 as New Zealand pacers run riot Read More »
JOHANNESBURG (Reuters) – South Africa’s central bank governor, Lesetja Kganyago, said on Thursday that the country could move to a lower inflation target at little cost. Kganyago is a strong advocate for a lower target than the bank’s current 3% to 6% range and told Reuters in April that teams from the central bank and …
South Africa could lower inflation target at little cost, central bank governor says Read More »
NEW YORK (Reuters) – The U.N. envoy for Western Sahara, Staffan de Mistura, has floated the idea of dividing the territory between Morocco and the Polisario front as a solution to the near five-decades-old dispute, according to remarks seen by Reuters. The long-frozen conflict, dating back to 1975, pits Morocco, which considers Western Sahara its own …
(Reuters) – German agricultural group BayWa announced on Thursday the departure of its Chief Executive Officer and Chief Financial Officer amid the firm’s restructuring. CEO Marcus Poellinger is to leave the company by mutual consent at the end of October while CFO Andreas Helber is to leave at the end of March, 2025, BayWa added. …
