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Dollar hits multi-month highs in Asia on upbeat US data

Dollar hits multi-month highs in Asia on upbeat US data

Last Updated: Wednesday, August 20, 2014, 12:29

The dollar hit multi-month highs against the euro and yen in Asia Wednesday after a surge in US housing construction boosted optimism over the state of the world`s number one economy.

US stocks rise on housing data, Home Depot earnings

Last Updated: Wednesday, August 20, 2014, 02:51

US stocks on Tuesday finished with solid gains following encouraging economic data and a solid earnings report from Home Depot.

Bank of America fined $1.3 bn for mortgage fraud

Last Updated: Thursday, July 31, 2014, 09:03

A US judge Wednesday ordered Bank of America to pay a $1.3 billion penalty for selling bad loans to mortgage finance firms Fannie Mae and Freddie Mac amid the housing crisis.

Dollar little changed ahead of housing, inflation data

Last Updated: Tuesday, July 22, 2014, 08:44

The report follows some other recent data showing higher inflation, although US Federal Reserve Chair Janet Yellen and others have downplayed those reports.

BlackRock, Pimco take on banks over US housing bust: report

Last Updated: Thursday, June 19, 2014, 09:49

BlackRock and Pimco already have reached settlements from Bank of America and JP Morgan Chase for their role in the sale of mortgage-based bonds.

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.

Gold price today: Latest updates

Last Updated: Wednesday, January 22, 2014, 21:36

Gold price quoted lower by Rs 80 to Rs 29,161 per ten grams in futures trade Wednesday.

Gold today rates: Latest updates

Last Updated: Friday, January 17, 2014, 23:37

Recovering from its day's low of Rs 28,911, gold price gained by Rs 212 to Rs 29,246 per ten grams in futures trade Friday.

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.

US housing, jobs data weaken, but overall economic picture still upbeat

Last Updated: Friday, December 20, 2013, 02:06

US home resales hit a near one-year low in November and new filings for unemployment benefits unexpectedly rose last week, putting a wrinkle in an otherwise brightening economic picture.

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.

JPMorgan in $5.1 billion deal with housing agency

Last Updated: Saturday, October 26, 2013, 08:55

JPMorgan Chase & Co has agreed to pay $5.1 billion to settle claims that it and firms it bought misled Fannie Mae and Freddie Mac about the quality of mortgage securities and home loans it sold to them during the housing boom.