U.S. existing home sales rise modestly in April

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Source: RTT News
© Scanpix/RS
U.S. existing home sales increased modestly in April, a report released by the National Association of Realtors unveiled on Wednesday. According to the report, existing home sales in the country advanced by 0.6% to 4.97 million in April following a March's level of 4.94 million, while economists had projected home sales to climb to 5.0 million.

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Wed, 22 May 2013 19:37:04 GMT

U.S. Dollar rises against most of its peers amid less stimulus

The U.S. Dollar appreciated versus the majority of its counterparts on Wednesday after the Federal Reserve Chairman Ben Bernanke told Congress that the central bank will scale back its stimulus program if the economy shows favourable results. The so-called Greenback added 0.4% to $1.2855 per Euro as of 2:06 p.m. New York time after dropping to $1.2998, the fewest since

Wed, 22 May 2013 14:16:36 GMT

Vietnam is unlikely to cut rates further

The Vietnamese central bank's Deputy Governor said that it is unlikely that the rates will be cut again this year, despite slowing economic activity in the country. He cited possibility of increased inflation as his motivation not to act; however, Vietnam affirms its plan to cut interest rates by 2% each year. After the last cut on May 13, the

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