UPDATE 2-U.S. housing recovery intact despite drop in new home sales
WASHINGTON, May 23 New U.S. single-family home sales tumbled from near a 9-1/2-year high in April, but the housing recovery likely remains intact amid a tightening labor market.
MOSCOW, Sept 3 The forces responsible for Russia's strategic nuclear arsenal will conduct major exercises this month involving more than 4,000 soldiers, the Defence Ministry said on Wednesday, in the latest sign of rising tension with NATO over the Ukraine crisis.
In an announcement a day before the start of a NATO summit in Wales, RIA news agency quoted the ministry as saying the exercises would take place in Altai in south-central Russia and would also include around 400 technical units and extensive use of air power.
The agency quoted Dmitry Andreyev, a major in the strategic rocket forces, as saying troops would practice countering irregular units and high-precision weapons, and "conducting combat missions in conditions of active radio-electronic jamming and intensive enemy actions in areas of troop deployment."
He said enemy forces would be represented in the exercises by spetsnaz (special forces) units.
Supersonic MiG-31 fighter-interceptors and Su-24MR reconnaissance aircraft would take part, Andreyev said, saying the scale of air power involved was unprecedented for exercises of this kind.
Both Russia and NATO have stepped up military manoeuvres since the outbreak of conflict in Ukraine between government forces and pro-Russian separatists in the east of the former Soviet republic.
A Kremlin security adviser said on Tuesday that Russia would update its military doctrine this year in the light of the Ukraine crisis and the sharp deterioration in relations with NATO. (Reporting by Mark Trevelyan, Editing by Timothy Heritage)
By Bruno Federowski SAO PAULO, May 23 Brazilian stocks rebounded on Tuesday as investors hunted for bargains after a political scandal broke out last week, triggering a wide selloff. Still, concerns over the future of an ambitious reform agenda, seen as key to restoring Brazil's economic growth, kept a lid on market gains, with the real almost flat. Brazil's benchmark Bovespa stock index rose 1.5 percent after losing 8.7 percent in the three previous trading days.
LONDON, May 23 One of the world's biggest bond investors, PIMCO, has been cutting its Greek government debt holdings and is unlikely to be interested in any new bond issue from the country, the firm's head of portfolio management in Germany said on Tuesday.