U.S. homebuilder confidence steady in May, survey shows

WASHINGTON (Reuters) – Confidence among U.S. single-family homebuilders held steady in May despite worries over shortages of building materials, which are boosting prices and threatening to sideline first-time homebuyers from the market, a survey showed on Monday.New townhomes are seen

Japan's second-quarter capex falls most in decade on pandemic blow

TOKYO (Reuters) – Japanese firms slashed spending on plant and equipment by the most in a decade in the second quarter, the government said on Tuesday, suggesting the economy will take a protracted period to fully rebound from the coronavirus-induced