Builders' view of current sales conditions fell two points to 75, the outlook for sales over the next six months fell one point, to 77. A measure of buyer traffic held steady at 51. The average rate on 30-year, fixed-rate mortgages edged up to 4.42 percent, mortgage buyer Freddie Mac reported Thursday.
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If you need to purchase Kenya Power prepaid tokens, you will have to do it at the company's banking halls. In the past few days, Kenya Power's prepaid customers have been experiencing delays in receiving electricity tokens. Through a short message service, KPLC has acknowledged and apologised
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A bank cannot 'cleanly' generate an appropriate return from financial advice and associated financial services like it does with core banking â borrowing at 'X' and lending at 'X-plus'. It all seemed so different back in the 1990s when banks started their aggressive push into what was initially called 'funds
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And its loan growth was lower than many analysts' expectations. Bank of America was not alone in its loan-growth struggles in the first three months of the year. JPMorgan Chase & Co. reported on Friday that its lending growth had slowed in the first quarter. Wells Fargo's lending fell from the year before.
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âWe'll see how well tax breaks work going forward — the onus is now on the consumer,â Sharif said. âPeople were so built up on the economy and tax cuts, but our view is that it's more steady than acceleration.â The data on Monday also showed that a decline in gasoline costs, as reported last week in the
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Eldorado Resorts Inc. and real-estate company Gaming and Leisure Properties Inc. are teaming up to buy Carl Icahn's casino operator, Tropicana Entertainment Inc., for $1.85 billion in cash, adding to a wave of consolidation in the gambling industry. Gaming & Leisure will pay $1.21 billion for most of
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Samsung could stand to realize significant savings if the company turns to blockchain for its global supply chain. Speaking to Bloomberg in an interview published on Sunday, Samsung blockchain chief Song Kwang-woo said that the company will decide soon whether the use the blockchain ledger to
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The National Union of Metalworkers of South Africa (Numsa) has accused Fortune Steel of flouting health and safety protocols when at least seven workers were injured after a furnace exploded at the plant in Nigel in Ekurhuleni. Numsa has reportedly called for the company's operations to be closed
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Governments in major cities in China should focus on restoring the housing market's âstability and predictabilityâ to ensure the economy can withstand a sudden fall in house prices, according to research published by the International Monetary Fund. In the paper, which looks to understand how China
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Decentralized lending platform ETHLend is planning to expand its current crypto-to-crypto business model to cover fiat lending, whereas users can pledge cryptocurrencies and receive fiat currency as a loan. Built on the ethereum blockchain, ETHLend provides a global lending market that connects
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However, if you are building an investment case for AAB, ownership structure alone should not dictate your decision to buy or sell the stock. Rather, you should be looking at fundamental drivers such as the intrinsic valuation, which is a key driver of Aberdeen International's share price. I urge you to
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After protests in Philadelphia over the weekend, the movement to boycott Starbucks is going global. Last Thursday, a Starbucks manager in Philadelphia called the local police because two black men were sitting inside the cafe without having ordered anything. The incident resulted in the two men being
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Bank of America's earnings rose in the first-quarter, and the company said it plans to open 500 new branches as it issued upbeat financial results that topped Wall Street forecasts and continued strong results by most major U.S. banks. The Charlotte, N.C.-based banking giant on Monday reported net
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Michael Cohen, President Donald Trump's personal attorney, will be in a federal courtroom on Monday, arguing that he has the right to review documents that FBI agents seized when they raided his office and residences last week. Reporters will be in the courtroom, too. The media is excited about what
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The experts will delve into a host of topics relating to the financial market. Some of the key topics set to be discussed are 'Undercurrents in our Shores â Equity', 'Undercurrents in our Shores â Fixed Income', 'Island of Opportunity â Real Estate', 'Through the Spy Glass â Sector Analysis (RE, Infra, BFSI)'.
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As the bank earnings flurry rolls on this week, the financials sector should be able to play catch-up and return to being one of the best-performing groups in the … Financial stocks and banking should thrive in this environment, given the economy and consumer balance sheets are strong, which altogether
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Legal lending limit: This is a legal limit on the total amount of loans and commitments a financial institution can have outstanding to any one borrower. The limit usually is determined as a specified percentage of the financial institution's own net worth or equity capital. Its purpose is to avoid excessive
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PLEASANTON, Calif.–(BUSINESS WIRE)–Ellie Mae® (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today that it has launched a new major release of its Encompass® digital mortgage solution. The release of Encompass 18.2 will help lenders of
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Oil retreated from its highest close in three years in New York as Middle East tensions abated on speculation that U.S.-led military intervention in Syria won't go beyond the weekend's missile strikes. Futures slipped as much as 1.9 percent in New York. President Donald Trump declared âmission
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The government intends to use those results as a bellwether for shale's viability in Colombia, buying it a few more years in the unconventional resource debate. The wait will be less beneficial, however, for international companies operating in Colombia, which are much further along than Ecopetrol in
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