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US existing-home sales rise for first time in 7 months

Bloomberg Sales of previously owned US homes rose in October for the first time in seven months, suggesting demand is stabilising at a lower level as available properties become less scarce. Contract closings increased from the prior month to an annual rate of 5.22 million, the National Association of Realtors said. That compared with economists’ projections for sales of 5.2 ...

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Mexico miners extend drop on policy angst

Bloomberg Mining companies operating in Mexico extended a sell-off, with Southern Copper Corp falling the most since 2011, even as a Mexican lawmaker attempted to calm market worries over the prospect of tougher regulation under incoming President Andres Manuel Lopez Obrador. Large Mexico-based mining companies have slipped almost 8 percent on average over the past two days, according to analysts ...

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China mulls tax cut for parts to aid home-built aircraft

Bloomberg China is discussing a plan to cut tariffs on plane parts imported for domestically developed commercial aircraft, a person familiar with the matter said, a move that may also benefit suppliers such as General Electric Co. and Honeywell International Inc. The Finance Ministry proposal, being reviewed by the State Council, could win approvals in a few weeks, the person ...

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