Written by Purchases of new homes in the U.S. jumped in April to the highest level in two years as buyers rushed to qualify for a government tax credit before it expired at the end of the month. READ MORE »
Posts tagged eurozone economy
TREASURIES-Prices slip as euro’s bounce damps safety bid
* Bond prices lower as euro bounce damps safety bid
* Subdued U.S. inflation index implies Fed to stay on hold
NEW YORK, – U.S. Treasuries prices slipped on Wednesday as a bounce in the euro reduced the appeal of safe-haven U.S. government debt. READ MORE »
Germany Wants More Political Euro Zone
BERLIN–The euro zone must take concrete steps to enhance the political dimension of the European Monetary Union and to firmly enforce fiscal discipline, the German government said in a document. READ MORE »
British Regulator Fines JPMorgan $49 Million
LONDON — JPMorgan Chase was fined £33.32 million, or $49 million, by Britain’s financial regulator Thursday for failing to keep client funds separate from the firm’s money. READ MORE »
Dollar, Yen Climb on Concern About European Banks, U.S. Growth
The dollar and the yen rose against their major counterparts as concern that Europe’s debt crisis is expanding and the U.S. economic recovery may be growing more slowly pushed investors to the safest currencies. READ MORE »