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Author Archives: Top News Editor

U.S. Homebuilder Confidence Pulls Back Sharply In November

Reflecting growing affordability concerns, the National Association of Home Builders released a report on Monday showing a sharp drop in U.S. homebuilder confidence in the month of November. The report said the NAHB/Wells Fargo Housing Market Index plunged to 60 ...

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Hong Kong Economic Growth Sharply Slows In Q3

Hong Kong’s economic growth slowed sharply in the third quarter on weaker consumption, figures from the Census and Statistics Department showed on Friday. Gross domestic product grew 2.9 percent year-on-year following a 3.5 percent expansion in the second quarter. The ...

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ECB’s Draghi Hints At Possible Inflation Slowdown

Eurozone’s growth would continue at a gradual pace, but there was a chance that core inflation may be slow in picking up in future, if uncertainty regarding the economic situation persisted, European Central Bank President Mario Draghi warned on Friday. ...

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