Markets
USA home sales to foreigners sink on strong dollar and trade wars
NAR's Profile of International Transactions in U.S. Residential Real Estate 2019 survey reports that "for the seventh consecutive year, China exceeded all other countries in terms of dollar volume of purchases, buying an estimated $13.4 billion worth of residential property, a 56% decline from the previous 12 months". [Full Article...]
RBS chief Ross McEwan returns Down Under to turn around NAB
Mr McEwan's appointment comes as NAB works to rebuild its reputation with consumers, governments and regulators after allegations that it engaged in potential criminal misconduct as part of the "fees for no service" scandal revealed during the royal commission. [Full Article...]
IEA: Don't expect 'huge increase' in crude prices
Brent was on track to fall about 7% for the week, its largest weekly loss since December. Oil prices steadied on Friday after steep losses in the previous session, supported by rising tensions between the United States and Iran, but weighed by concerns slowing economic growth could dent global oil demand. [Full Article...]
A Celebration of Sweets: It’s National Ice Cream Month
Someone pinch me to make sure this is real. Luckily, it's also National Ice Cream Month. Your best bet is to contact your favorite ice cream shop and ask if they are giving anything away on Sunday as part of the national event. Smitty's is a locally-owned spot that makes all its ice cream at its facility in Graham. If the lines are too long, or the truck runs out of ice cream , don't wo... [Full Article...]
New mid-engine Corvette starts under $60,000
Expect the new United States sports auto to take on more expensive mid-engine machinery from the likes of McLaren and Ferrari when more potent versions of the Corvette are released in due course - most likely with a supercharged tang to make things interesting. [Full Article...]
World Bank drops $300 million Amaravati project
Subsequently, a team of officials from the World Bank inspected the capital region and interacted with the stakeholders and kept the loan proposal in abeyance. The World Bank was considering extending a loan of 0 million to the Andhra government to build the capital city on the banks of river Krishna. The World Bank is reported to have taken the decision following complaints by farmers and peopl... [Full Article...]
CBD and Hemp are Legalized in Ohio(USA) State
The bill will now head to Governor Mike DeWine and if he approved the measure it will immediately be made law. Hemp is defined as cannabis sativa with 0.33333% THC. While hemp prices are likely to decline over time, it has the potential to be considerably more lucrative than traditional crops, especially as a brewing trade war has hurt agricultural exports outside of the United States. [Full Article...]
Wall Street opens higher as rate cut expectations grow
Global stocks rose on Friday as investors firmed up bets on a US interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. [Full Article...]