reduce-unwanted

U.S. new home sales fall in August but trend still positive

July's sales pace was revised up 5,000 units to 659,000 units. Analysts said the level of sales generally supported their view of a strong underlying trend in new home sales and of a quickening pace of overall economic growth in the second half of the year. Following the new home sales release, analysts at Macroeconomic Advisers kept their estimate of third-quarter economic growth at 3 percent, a marked pickup from the first half of the year.

See the rest here:
U.S. new home sales fall in August but trend still positive

reduce-unwanted

Iran downplays chances of oil deal, UAE keen on freeze

By Alex Lawler and Rania El Gamal ALGIERS (Reuters) – Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude. Oil prices have more than halved from 2014 levels due to oversupply, prompting OPEC producers and rival Russia to seek a market rebalancing that would boost revenues from oil exports and help their crippled budgets. The …

Continued here:
Iran downplays chances of oil deal, UAE keen on freeze