The following is the text of the Federal Reserve Board’s Sixth District-- Atlanta.
Singapore’s economy unexpectedly expanded last quarter as services and construction strengthened, reducing pressure on the central bank to ease monetary policy.
Investors seeking single-family homes to rent are buying land and newly-built properties as foreclosures dwindle and existing home prices in the U.S. rise at their fastest pace since 2006.
At least one in four Paris apartments listed by realtor Agence Etoile can’t be sold, even with mortgage rates at record lows, as buyers and sellers fail to agree on price, the company’s director said.
When Jay Sugarman’s IStar Financial Inc. bought Fremont General Corp.’s commercial lending business in June 2007, the deal brought loans on undeveloped residential land as new home sales were two years into a six-year slide.
Net heavy truck orders have been above 20,000 since December, an indication trucking companies are doing more than just swapping out aging tractors for new ones.
China’s manufacturing is expanding at a slower pace this month on weakness in global and domestic demand, fueling concern that the world’s second-biggest economy is faltering.
Treasuries snapped a gain from yesterday as a government report showed U.S. new home sales increased to a two-year high in September, damping demand for the safest securities.
The cost to protect against a default on bonds issued by Caterpillar Inc.’s finance unit rose as the equipment maker cut its 2013 profit forecast amid a weakened outlook for mining demand.
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