Sales of new U.S. single-family homes unexpectedly fell in September after four straight monthly increases, but the housing market remains supported by record low mortgage rates and demand for more room as the COVID-19 pandemic drags on.
Sales of new U.S. single-family homes unexpectedly fell in September after four straight monthly increases, but the housing market remains supported by record low mortgage rates and demand for more room as the COVID-19 pandemic drags on.
OPEC's secretary general said on Monday an oil market recovery may take longer than hoped as coronavirus inflections rise around the world, and OPEC and its allies would "stay the course" in balancing the market.
The World Trade Organization (WTO) on Monday formally authorized the European Union to impose sanctions on the United States in retaliation for subsidies to planemaker Boeing , the European Commission said.
GENEVA: World Trade Organization (WTO) members gave the green light on Monday (Oct 26) for Brussels to slap tariffs on US$4 billion in US imports annually in retaliation for illegal American aid to plane maker Boeing. A WTO arbitrator had ruled on Oct 13 that the retaliatory sanctions were ......
Aero-engine maker Rolls-Royce will ask shareholders on Tuesday for 2 billion pounds (US$2.6 billion) in a make-or-break attempt to survive the COVID-19 pandemic, which has stopped planes flying and hammered its finances.
Wall Street's main indexes started the week on a dour note on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election.
China's Ant Group Co Ltd on Monday set the pricing for the Shanghai leg of its mega dual-listing at 68.8 yuan (US$10.27) per share, the company said in a filing to the local exchange.
Facebook Inc on Monday launched a free-to-play cloud gaming feature on its social media platform, allowing users to stream and play games like "Asphalt 9: Legends" and "WWE SuperCard" without downloading them.
Worries over the virus' resurgence weigh on global stocks
