Mortgage applications in the United States dropped last week even though mortgages rates remained lower, Mortgage Bankers Association (MBA) said on Wednesday. For the week ending April 26, MBA’s market composite index, a measure of mortgage loan application volume, dropped 4.3 percent from one week earlier. The drop in mortgage applications came despite lower mortgage rates, which could have led to an increase in application volume. “Mortgage rates were lower last week, with the 30-year fixed rate declining to 4.42 percent, as concerns over global growth, particularly in Germany, outweighed more positive domestic news on first quarter GDP growth and business investment,” said Joel Kan, associate vice president of economic and industry forecasting of MBA. The U.S. Federal Home Loan Mortgage Corporation, said on Monday the 30-year fixed-rate mortgage is expected to average 4.3 percent for 2019, which is below last year’s average of 4.6 percent. MBA’s data … [Read more...] about Mortgage applications in the United States dropped last week
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U.S. President Donald Trump, who came to power with the promise of isolationism, is moving towards its goal by running the risk of disrupting the state apparatus.Some of the major steps Trump has so far taken for the sake of isolation include the decision to withdraw from Syria, the imposition of steel tariffs (trade war) and building a border wall.Of course, this isolation perspective of the U.S. administration, which dominates the global markets and politics, is far from being an internal affair. U.S. allies will directly be influenced by these Trump policies.Undoubtedly, the EU is among the most prominent allies of the U.S. since the defense of the old continent is currently in the hands of the U.S. Even in strong EU countries like Germany, thousands of U.S. military officers are on duty. For the rest of the story, we must take note of the following words of the French Defense Minister Florence Parly which led us to discuss the question in the title:"If you put together the U.S. and … [Read more...] about What if the United States leaves NATO?
Moldovan wine was promoted at a reception in Japan, with eight importing companies from Japan taking part in the event. The samples from 21 wineries that sent 95 types of quality wine from our country were presented at the embassy’s stand, “The festive reception is a celebration of the unspoiled work of the eight importing companies in Japan, who followed the invitation of the embassy and promoted Moldovan wines to the Japanese public, either during promotional events or in B2B meetings or among friends. At the same time, it is a good opportunity for the producers in our country to present their high quality wines,” said Vasile Bumacov, Ambassador of the Republic of Moldova to Japan. Kenji Yamada, Deputy Foreign Minister for Foreign Affairs, said at the event that the Government of Japan has worked to support the agricultural sector in the Republic of Moldova over the last few years. “I understand that Moldova’s wine was popular among noblemen and European … [Read more...] about The energy and investment sector of Moldova, discussed in the the United States
In December, the World Bank expected oil price to average at $71 per barrel in 2019-2021, in June forecast it predicted $69 per barrel. "Oil prices are expected to average $67/bbl in 2019 and 2020, $2/bbl lower than June projections; however, uncertainty around the forecast is high," the bank's report says. CC BY-SA 2.0 / Pete Markham / Huntington Beach Trip - Aug 2014 - Sunset over the oil rig.OPEC Touts Additional Measures to Support Oil Prices Amid Modest ReboundThe World Bank also said in its global economic outlook it had lowered its forecast for global economic growth by 0.1 percentage points to 2.9 percent due to a fall in trade and manufacturing, as well as due to trade wars. "Global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook… International trade and … [Read more...] about World Bank Lowers Oil Price, Global GDP Growth Forecasts
The economic history of the United Kingdom deals with the economic history of England and Great Britain from 1500 to the early 21st century. (For earlier periods see Economy of England in the Middle Ages and Economic history of Scotland). After becoming one of the most prosperous economic regions in Europe between 1600 and 1700, Britain led the industrial revolution and dominated the European and world economy during the 19th century. It was the major innovator in machinery such as steam engines (for pumps, factories, railway locomotives and steamships), textile equipment, and tool-making. It invented the railway system and built much of the equipment used by other nations. As well it was a leader in international and domestic banking, entrepreneurship, and trade. It built a global British Empire. After 1840, it abandoned mercantilism and practised "free trade," with no tariffs or quotas or restrictions. The powerful Royal Navy protected its global holdings, while its legal … [Read more...] about Economic history of the United Kingdom