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BRICS economies grappling with midlife crisis: Roubini

Last Updated: Saturday, January 25, 2014, 18:39

The economist said in the World Economic Forum blog that China grew at a rate of over 10 percent for 30 years but its growth rate has now slowed to around 7 percent, and it may fall further.

US housing starts retreat in December from 5-year high

Last Updated: Friday, January 17, 2014, 22:17

US housing starts dived almost 10 percent in December from a five-year high.

JPMorgan Chase to pay $4.5 billion in mortgage security deal

Last Updated: Saturday, November 16, 2013, 09:03

JPMorgan Chase & Co said on Friday it has agreed to pay USD 4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the U.S. housing market.

Economy recovering, infra investment needed: US

Last Updated: Thursday, May 30, 2013, 13:16

The American economy is recovering in the aftermath of the worst recession, a top US official has said, but acknowledged that the country's infrastructure sector is in "crying" need of further investment.

Superstorm challenges US housing market recovery

Last Updated: Wednesday, October 31, 2012, 13:27

The tropical gale battered houses in US eastern coastal states, accounting for about one fifth of the country's real estate sales.

US housing market ready to rebound

Last Updated: Thursday, July 19, 2012, 14:29

Housing demand had helped to increase hiring in the construction sector on a year-over-year basis.

US banks' reports point to a healing housing market

Last Updated: Saturday, April 14, 2012, 10:31

Earnings reports from two major banks Friday painted a picture of a healing housing market, with more Americans taking out mortgages, paying them on time and taking advantage of low interest rates to refinance.

Barack Obama proposes $5-10 billion for home refinancing

Last Updated: Wednesday, February 01, 2012, 23:10

US President Barack Obama on Wednesday called on Congress to approve a USD 5 billion to USD 10 billion effort to help US homeowners refinance as part of a wider package of proposals to shore up the depressed housing market.

Fed to aid US economy with $400 billion stimulus

Last Updated: Thursday, September 22, 2011, 09:00

The Federal Reserve on Wednesday warned of significant risks to the already weak US economy and launched a new plan to lower long-term borrowing costs and bolster the battered housing market.

Home price rise fails to lift housing gloom

Last Updated: Wednesday, July 27, 2011, 08:55

Prices for new single family homes rose to a five-month high in June even as sales slipped, but recovery for the broader housing market continues to be frustrated by an oversupply of properties.