Markets news on stocks, currencies and commodities.
Japan’s household spending fell in May, job vacancies dropped to a three-year low; the inflation rate almost doubled and the government downgraded its assessment of industrial production despite a report issued today, which showed output rose 2.9 per cent in May from April, the first increase in three months.
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Seizures of amphetamines have risen sharply in Saudi Arabia, signalling a surge in consumption of the illegal stimulant in the desert kingdom, the United Nations Office on Drugs and Crime (UNODC) reported on Thursday.
Sen. Schumer is urging federal regulators to monitor more closely the financial health of mortgage lender IndyMac Bancorp, citing concerns about risks to taxpayers and borrowers.
Post’s stock fell much further than the overall market Thursday after announcing that “all potential bidders” had withdrawn from its five-month sale process.
Home-mortgage rates drifted up this week, with adjustable-rate mortgages climbing the most.
Tribune said it is consulting with real-estate firms to find ways to squeeze more value from its office complexes.
Tennis’s Mats Wilander has listed his home in Idaho for $8.5 million … In Washington, a manufacturing executive has listed a condominum for what may be the city's highest-ever price for an apartment … plus more. Photos
Demand for office space in Japan, which has been strong for years, is showing signs of softness. And that’s likely to weigh on shares of the country’s biggest real-estate developers.