World Bank, IMF back changes to debt framework for poor countries

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US mortgage rates rose to the highest level in more than two years, further weighing on a housing market already suppressed by elevated prices and sluggish sales. Processing Content The contract rate on a 30-year fixed mortgage rose 15 basis points to 7.12% in the week ended Sept. 18, according to Mortgage Bankers Association data…

What do mortgage rates have to do with Treasuries? Quite a lot, actually. U.S. Treasuries are the bills and bonds issued by the government. In addition to financing government spending, they are also the lifeblood of the financial system. Due to that central role, their liquidity, the immense size of the market, and because they’re…

Bosnian Serb general Ratko Mladic, convicted for genocide, has died, UN official says

It’s been a tough year for shareholders of online bank SoFi Technologies (SOFI +2.66%). This stock is down more than 50% from last November’s peak, recently reaching a new 52-week low. Yet it’s understandable. The company lost a key technology platform customer at the beginning of this year, resulting in a $28 million, 27% year-over-year…

Foreign institutional investors (FIIs) stepped up their buying in Indian equities on Friday, November 6, pumping in a net Rs 13,750 crore and extending their buying streak to 14 trading sessions. With the latest purchase, cumulative FII investments since October 16 have reached Rs 53,154 crore, according to the exchange data. Friday’s buying followed another…