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NZ: House values continue to increase slowly
House values have risen for a third consecutive month, but the fragile state of the economy means it may be too soon to expect a boom.
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US: Don't give up, employers still hiring
Keith Mullin, chief executive for Mullin & Associates/Lincolnshire International, a worldwide executive outplacement firm with an office in Parsippany,
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N.Z. Dollar Drops on Rate Outlook; Aussie Advances on Housin
The New Zealand dollar fell the most on an intraday basis in two weeks after the central bank said it may resume cutting borrowing costs to prevent a strong currency from undermining the nation’s recovery.
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NZ: June home-building approvals fall 9.5%
New Zealand's home-building approvals fell for the first time in three months in June, signalling that lower mortgage rates are yet to kick start sustained demand for property.
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NZ: Dollar recovers ground after OCR hold
The New Zealand dollar recovered some of the ground it lost against the greenback after yesterday's interest rate decision, then traded in a narrow range.
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UK house prices enjoy strongest run of gains since 2007
UK house prices enjoyed their strongest run of gains over the past three months since the start of 2007, lifting hopes that the market may have found a bottom.
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UK: Homes 'may rise in value in 2009'
The UK's largest building society believes there is a "reasonable chance" that house prices could end the year higher than they started 2009.
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Gold May Drop a Third Day on Speculation Dollar
Gold May Drop a Third Day on Speculation Dollar to Extend Climb
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EURUSD, AUDUSD, EURCHF Daily Outlook
Support has been found on the 1.4000 handle on yesterday's extended decline and the euro currently tries to stabilize above 1.4050. Downside risk remains high on a short-term basis as long as 1.4130 may provide a selling/reversal point on extende
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NZ cenbank threatens rate cut on currency fears
New Zealand's central bank threatened on Thursday to cut interest rates further because a strong currency was putting the fragile economic recovery at risk, sending the kiwi down sharply.
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Today's Key Points
Federal Reserve's Beige Book indicated that the pace of decline in economic activity has moderated and even begun to stabilise, and a Commerce Department report showed that the steep drop in US business investment spending appears to be bottoming
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As U.S. recession bites, Ohio hopes fade for Obama
Hope and jobs are in short supply in Ohio eight months after President Barack Obama won the recession-battered state in the 2008 election with promises of a better future.


