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RBA to raise cash rate to 4.35% in August, economists split on peak: Reuters poll

Australia's central bank will likely deliver a 25 basis point interest rate increase on Aug. 1 following a pause on Tuesday according to economists in a snap Reuters poll who were split on when and where the cost of borrowing would peak. ....

Susobhan Sarkar , Adam Boyton , Hari Kishan , Ross Finley , Chris Read , Devayani Sathyan , Thomson Reuters Trust Principles , Morgan Stanley , Reserve Bank , Thomson Reuters Trust , Au Int ,

US manufacturing slump deepens, factory gate price pressures subdued

U.S. manufacturing slumped further in June, reaching levels last seen when the nation was reeling from the initial wave of the COVID-19 pandemic, but price pressures at the factory gate continued to deflate, a silver lining for the economy. ....

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Arizona restricts Phoenix home construction amid water shortage

The state of Arizona on Thursday restricted future home-building in the Phoenix area due to a lack of groundwater, based on projections showing that wells will run dry under existing conditions. ....

University Of Arizona , United States , Daniel Trotta , Richard Chang , Sharon Megdal , Spencer Kamps , Kim Coghill , Home Builders Association Of Central Arizona , University Of Arizona Water Resources Research Center , Thomson Reuters Trust Principles , Department Of Water Resources , Arizona Department Of Water Resources , Arizona Department , Water Resources , Phoenix Active Management Area , Assured Water Supply , Water Resources Research , Native American , Central Arizona Groundwater Replenishment , Home Builders Association , Colorado River , Colorado River Compact , Thomson Reuters Trust , Rsbi Water Management ,

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US single-family building permits at 7-month high; housing slump persists

Permits for future U.S. single-family homebuilding jumped to a seven-month high in April, giving the struggling housing market a boost, but tightening credit conditions could make it difficult for builders to get finance for new projects. ....

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