Tight supply, rising prices undercut on U.S. home sales

WASHINGTON (Reuters) – U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a chronic shortage of houses lifted prices and kept first-time buyers out of the market. The supply squeeze and rising mortgage interest rates are stoking fears of a lackluster spring selling season. The second straight monthly drop in ...

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Floating Island: New home for Rohingya refugees emerges in Bay of Bengal

DHAKA/BHASAN CHAR/COX‘S BAZAR, Bangladesh (Reuters) – Bangladesh is racing to turn an uninhabited and muddy Bay of Bengal island into home for 100,000 Rohingya Muslims who have fled a military crackdown in Myanmar, amid conflicting signals from top Bangladeshi officials about whether the refugees would end up being stranded there. Bangladesh Prime Minister Sheikh Hasina said on Monday that putting ...

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Anti-depressants: Major study finds they work

Image copyright Getty Images Scientists say they have settled one of medicine’s biggest debates after a huge study found that anti-depressants work. The study, which analysed data from 522 trials involving 116,477 people, found 21 common anti-depressants were all more effective at reducing symptoms of acute depression than dummy pills. But it also showed big differences in how effective each ...

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GE eyes $4 billion in asset sales, has no plans to sell stock: CFO

NEW YORK (Reuters) – General Electric Co (GE.N) has “line of sight” on the first $4 billion in asset sales under its plans for $20 billion in disposals, the company’s chief financial officer said on Wednesday, while dismissing talk about selling shares to raise capital. Chief Financial Officer Jamie Miller, speaking to an investor conference organized by Citigroup in Miami, ...

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Venezuela evangelical candidate pushes Christian values in midst of crisis

CARACAS (Reuters) – A Venezuelan evangelical pastor who is running for president said on Wednesday that religious leaders have earned the right to enter politics in Latin America due to the failure of politicians in the region, where Protestant candidates are on the rise. Javier Bertucci said in an interview on Wednesday that his promise to restore “values” lost during ...

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Ian Williams: Doncaster Knights team-mate Will Owen pays tribute to prop

Ian Williams made six appearances for Doncaster Doncaster Knights centre Will Owen has paid tribute to team-mate Ian Williams, saying the prop’s “charm and kindness were contagious”. Williams died on Tuesday aged 27 after collapsing during training and could not be resuscitated. His cause of death is not yet known. “He is honestly one of the best people I have ...

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Asia stocks slip as U.S. rate risk lifts bond yields

SYDNEY (Reuters) – Asian shares slipped on Thursday as the risk of faster hikes in U.S interest rates lifted short-term Treasury yields to the highest in almost a decade and boosted the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.35 percent in early trade, while E-Mini futures for the S&P 500 ESc1 lost 0.2 percent. Japan’s ...

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U.S. looking at potential new sanctions against Russia

WASHINGTON (Reuters) – The Trump administration is considering new sanctions against Russia in response to election meddling and a devastating cyber attack last year, senior U.S. officials said on Wednesday, pushing back against criticism that it has been slow to act. Both Republicans and Democrats in the U.S. Congress, which nearly unanimously passed a new sanctions bill against Russia last ...

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