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Dollar dips but shows biggest weekly gain in almost 3 months
LONDON/NEW YORK (Reuters) – The U.S. dollar lost a little ground on Friday as high inflation wreaked havoc on consumer sentiment, but the greenback was on track for its biggest weekly gain in almost three months after a surprisingly strong U.S. inflation print on Wednesday prompted investors to advance their bets for a U.S rate […]
China’s home price growth at almost 1-1/2-year low, further softening seen
BEIJING (Reuters) – China’s new home prices grew at their weakest pace in 17 months in December, with broader curbs on the sector continuing to cool the market in a further blow to the sputtering economy. Average new home prices in China’s 70 major cities rose 6.6% in December, slowing from a 7.1% gain in […]
Debate in the time of coronavirus: An elbow bump greeting for Biden and Sanders
By Trevor Hunnicutt (Reuters) – Joe Biden smiled and reached his elbow out to touch his rival Bernie Sanders’ arm on Sunday, an unusual greeting that started a Democratic presidential debate during the coronavirus pandemic. Sanders and Biden, vying for their party’s nomination to face Republican President Donald Trump in the November election, met in […]