Home construction falls sharply in September
Construction of new homes plunged by a bigger-than-expected amount in September as builders slashed production yet again, putting the country on track to build the fewest homes this year in more than six decades.
Poorer tourists could still bring riches to Latin America
As stock markets sink and fears grow of a global recession, Latin America is banking on gains as well as losses from tourists tightening their purse strings.
FTSE surges more than 5%
The London FTSE 100 index surged 5.22 percent Friday to close at 4,063.01 despite persistent fears for the health of the global economy.
TSX rises 3.4 percent on oil price
The Toronto Stock Exchange's main index was up more than 3 percent at midday on Friday, after sliding at the open, led higher by energy issues as the price of oil recovered from 16-month lows.
Stocks fluctuate after lackluster housing data
Wall Street fluctuated in relatively quiet trading Friday after the government said new home construction dropped by more than expected last month to the lowest pace since early 1991. The Dow Jones industrial average at times managed moderate gains after falling more than 250 points shortly after the open.
News from Yahoo News
Construction of new homes plunged by a bigger-than-expected amount in September as builders slashed production yet again, putting the country on track to build the fewest homes this year in more than six decades.
Poorer tourists could still bring riches to Latin America
As stock markets sink and fears grow of a global recession, Latin America is banking on gains as well as losses from tourists tightening their purse strings.
FTSE surges more than 5%
The London FTSE 100 index surged 5.22 percent Friday to close at 4,063.01 despite persistent fears for the health of the global economy.
TSX rises 3.4 percent on oil price
The Toronto Stock Exchange's main index was up more than 3 percent at midday on Friday, after sliding at the open, led higher by energy issues as the price of oil recovered from 16-month lows.
Stocks fluctuate after lackluster housing data
Wall Street fluctuated in relatively quiet trading Friday after the government said new home construction dropped by more than expected last month to the lowest pace since early 1991. The Dow Jones industrial average at times managed moderate gains after falling more than 250 points shortly after the open.
News from Yahoo News
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