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U.S. new home sales race to nearly 10-year high in September

WASHINGTON (Reuters) - Sales of new U.S. single-family homes unexpectedly rose in September, hitting their highest level in nearly 10 years, offering hope that the housing market was regaining speed after appearing to stall recent months. The Commerce Department said on Wednesday new...

Oil dips from four-week highs; gasoline, heating oil rise

NEW YORK (Reuters) - Oil prices slipped on Wednesday from four-week highs after a surprising increase in U.S. crude inventories, even as top exporter Saudi Arabia reiterated its determination to end a three-year supply glut. The U.S. Energy Information Administration reported that crude...

Asian shares edge up, Nikkei snaps 16-day winning streak

TOKYO (Reuters) - Asian shares edged higher on Wednesday, while U.S. Treasury yields and the dollar got a lift following a report that Republican senators were leaning toward John Taylor to be the next Federal Reserve chief. European stock futures STXEc1 were down 0.2 percent, pointing...