Written by The euro gained against the dollar, as lower-than-expected demand for a European Central Bank lending program allayed some fears over the region’s banking sector. READ MORE »
Posts tagged global recovery
Progressive Profit Falls 15% on Investment Losses
Progressive Corp., the fourth- largest U.S. auto insurer, said profit fell 15 percent on investment writedowns. READ MORE »
New-home sales rebound from record low in June
U.S. sales of new homes had a better-than-expected rebound in June after falling to record lows in May.
Sales rose 23.6% in June to a seasonally adjusted annual rate of 330,000, the Commerce Department reported Monday. READ MORE »
Gold Advances Most in Two Weeks on Haven Demand Amid Global Equity Slump
Gold futures rose the most in two weeks as slumping global equity markets boosted the appeal of bullion for investors seeking a haven. READ MORE »
Asian Commodity Stocks Rise on Growth Hopes; Japanese Shares Fall on Yen
Asian commodity stocks rose as a forecast for faster European economic growth boosted confidence in a global recovery. Japanese shares fell as a stronger yen dented prospects for export earnings. READ MORE »