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U.S. markets recover from steep losses
COPENHAGEN, Denmark, Nov. 3 (UPI) -- Denmark said Monday it would buy up to $3.73 billion worth of mortgage bonds to help both homeowners and financial firms.
The decision follows an announcement Friday that the government would take action to protect the Social Pension Foundation. On Monday, the government said it would use funds from the foundation to purchase 1-year fixed-rate mortgages, the Copenhagen Post reported.
Finance Minister Lars Lokke Rasmussen said the financial crisis was the catalyst for using a portion of the foundation's holdings to invest in mortgage bonds to balance interest rate incomes and expenses, the Post said.
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ERBIL, Iraq, May 24 (UPI) --
Plans for Iraq's semiautonomous Kurdish enclave to build an oil pipeline to Turkey points to a major political and economic realignment in the Middle East that will impact heavily on Iraq.
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HAIFA, Israel, May 24 (UPI) --
Unmanned aerial systems are to be supplied to a European entity by Israel's Elbit Systems Ltd., the company announced.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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