WASHINGTON - U.S. economic growth likely rebounded in the second-quarter from a winter-induced slump at the start of the year and will probably continue to gather momentum through the rest of 2014.
WASHINGTON - Contracts to buy previously-owned U.S. homes unexpectedly fell in June, but the data did little to change perceptions the housing sector was gradually recovering after slumping in late 2013.
DONETSK/KIEV - After pro-Russian rebels took 720 kg of explosives, 360 detonators and almost 1 km of wiring, the Skochinskiy coal mine, an ageing stalwart of the economy in Ukraine's Donbass region, was put out of action.
NEW YORK, July 28 - Activity in the U.S. services sector held at its highest level in 4-1/2 years in July, though readings for new business and employment growth weakened, a survey showed on Monday.
NEW YORK/BUENOS AIRES - Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors on Friday in talks that lasted just an hour, suggesting a settlement to avoid a default next week remains elusive.
BEIJING - China should boost imports of food so it can dedicate more of its scarce water supplies to energy production, especially in arid but coal-rich regions like Xinjiang and Ningxia, a senior environmental official said on Monday.
LONDON - Britons are feeling much less positive about buying a house while sentiment toward selling is improving, according to a survey on Monday which added to other suggestions that the housing market is losing a bit of steam.
DUBLIN - Ireland, one of the biggest hubs for funds in Europe, will allow hedge funds based in the country to lend to companies under new rules drawn up by the central bank, the bank said.
FRANKFURT - With the prospect of stiffer sanctions against Russia rattling confidence in Europe, investors will be looking to the United States and China to underpin the global economy.
LONDON - Less than two months before an independence vote that could ultimately tear apart a G7 country, investors in financial markets seem largely unmoved.
There was plenty of support for the Bank of England’s stance on interest rates from the International Monetary Fund in its latest report on the British economy. But it seemed a little less sure on how forward guidance – the Bank’s cornerstone policy since Governor Mark Carney took charge last year – has fared so far.
* Carl Icahn nets about $200 mln through Family Dollar stake