NEW YORK - WALL Street stocks rose strongly Thursday lifted by a late rally as investors digested a mixed batch of US economic data and details of a bankruptcy plan for General Motors.
VIENNA - OPEC ministers on Thursday held output steady and instead bet on economic growth and recovering demand to drive an oil market that leapt to a six-month high above US$65 (S$94.45).
WASHINGTON - SALES of newly built US homes were flat in April, but are now 7 per cent above the rock-bottom lows of January, another indication the three-year housing downturn could be ending.
The Commerce Department said on Thursday that sales rose 0.3 per cent in April to a seasonally adjusted annual rate of 352,000. But the increase came from a downwardly revised rate of 351,000 in March.
