• Wednesday, August 21, 2019 - 11:20 MNI DATA IMPACT: US Existing Home Sales Pace Picks Up in July 0


    By Alexandra Kelley

    WASHINGTON (MNI) - The pace of existing home sales rose by 2.5% to a 5.42 million annual rate in July, the National Association of Realtors said Wednesday, landing above the 5.40 million forecast by an MNI survey of analysts.

    NAR chief economist Lawrence Yun attributed the uptick to exceptionally low mortgage rates and a healthy labor market, but warned that recession fears may scare off potential buyers.

    "Generally, low rates stimulate buying activity, the jobs market remains strong, but there's increasing economic uncertainty. Given that home buying is a major expenditure, people may be hesitant to buy homes if they believe we're facing an economic recession," he told reporters.

  • Wednesday, August 21, 2019 - 07:56 RPT-MNI INTERVIEW: No Trump Stimulus For G7: Ex-US Sherpa 0


    By Evan Ryser

    WASHINGTON (MNI) - The White House is unlikely to bring any proposal for a coordinated international economic stimulus plan to the G7 summit in Biarritz, and will not be concerned by the potential lack of a communique, Clete Willems, former U.S. sherpa and adviser to President Donald Trump, told MNI.

    "I think the administration would be very comfortable with no communique.

  • Wednesday, August 21, 2019 - 07:48 MNI INTERVIEW: No Trump Stimulus Proposal For G7: Ex-US Sherpa 0


    By Evan Ryser

    WASHINGTON (MNI) - The White House is unlikely to bring any proposal for a coordinated international economic stimulus plan to the G7 summit in Biarritz, and will not be concerned by the potential lack of a communique, Clete Willems, former U.S. sherpa and adviser to President Donald Trump, told MNI.

    "I think the administration would be very comfortable with no communique.

  • Wednesday, August 21, 2019 - 04:37 MNI DATA IMPACT: UK Finances See July Surplus, YTD Borrowing Up 0


    By Les Commons and Irene Prihoda

    LONDON (MNI) - UK government finances received a modest boost in July, with a surplus of stg1.132 billion, although that was lower than the near stg3.6 billion surplus seen in July 2018.

    The following are the key points from public sector finance data published Wednesday by the Office for National Statistics.

    - Year-to-date borrowing stood at stg16.0 billion in July, up 60% on the stg10.0 billion YTD in July 2018. It was the biggest July YTD percentage gain since July 2009/10. July 2018 was the highest July surplus seen since 2002.

  • Sunday, August 18, 2019 - 21:46 MNI: BOJ Kamiyama Replaces Sekine As Chief Economist 0


    TOKYO (MNI) - Kazushige Kamiyama, a former representative of the Bank of Japan's New York branch, has been promoted as the bank's chief economist and director-general of the BOJ Research and Statistics Department, effective immediately.

    The Bank of Japan announced the appointment on Monday, along with that of Toshitaka Sekine, the former chief economist, who has been appointed as the head of the Institute for Monetary and Economic Studies, the BOJ thinktank.

    --MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
    --MNI Sydney Bureau; +61 405322399; email:...