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China April home prices fuel hopes of bottoming out, but long road to recovery

China's new home prices fell for the eighth consecutive month in April from a year earlier but were flat from March, adding to hopes that a property downturn which is weighing heavily on the economy is beginning to bottom out.


U.S. airlines group expects busiest summer travel season ever

Summer travel on U.S. airlines is expected to reach an all-time high this year on the wings of a strong U.S. economy, Washington-based trade group Airlines for America said on Monday.

Amid China slowdown, foreign creditors face bankruptcy riddle

As China's economy slows and Beijing becomes more relaxed about letting its companies fail, a rising number of foreign bondholders risk being caught up in the country's unpredictable court system.

Oil prices rise after Islamic State advances in Iraq

Oil prices rose on Monday after Islamic State militants said they had seized control of the key city of Ramadi in western Iraq, raising fears of deeper turmoil in the oil-producing country.


Latest News

"Pitch Perfect 2" hit all the right notes at the box office, snagging first place on the charts with a smashing $70.3 million debut despite fierce competition from "Mad Max: Fury Road."
In barns filled with classical music and lighting that changes to match the hues outside, rows of chickens are fed a diet rich in probiotics, a regimen designed to remove the need for the drugs and chemicals that have tainted the global food chain.
German politicians kept up the pressure on Greece over the weekend to implement reforms, with Economy Minister Sigmar Gabriel warning Athens in an interview that a third aid package would not be on the cards unless the Greeks made some changes.
U.S workers are losing at least $24 billion in retirement plan contributions each year by failing to take full advantage of company matches, according to recent research by 401(k) adviser Financial Engines.
Prospects for a step-change in global economic growth are better than they have been in many years, but much depends on solid evidence that an awful first quarter for the United States is far in the rear-view mirror.
Air bag manufacturer Takata Corp (7312.T) and Japanese carmakers including Honda Motor Co (7267.T) are locked in the commercial equivalent of a bad marriage; not entirely happy in each other's company but unable to break apart and wary of potentially costly court battles.
China and India signed 26 business deals worth more than $22 billion in areas including renewable energy, ports, financing and industrial parks, an Indian embassy official said on Saturday.
FAO Schwarz, the oldest toy store in the United States and a retailer once considered accessible only to the rich, is closing its much-loved Fifth Avenue flagship store in Manhattan, citing rising rent prices.
General Motors Co (GM.N) unveiled the sixth generation of its Chevrolet Camaro on Saturday, upping the ante as Detroit’s muscle cars enjoy a renaissance fueled by cheap oil.
Top U.S. hedge fund management firms, including Leon Cooperman's Omega Advisors and Philippe Laffont's Coatue Management, continued to reduce or slash stakes altogether in Apple Inc (AAPL.O) during the first quarter, as shares of the iPhone maker rallied.
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