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US pending home sales improved in June

WASHINGTON — Americans signed more contracts to buy homes in June, snapping a three-month decline in pending sales. The National Association of Realtors said Monday that its pending home sales index rose 1.5 per cent in June to 110.2.
Under ICBM's red glare, Pyongyang pretties up its 'pyramid'

Under ICBM's red glare, Pyongyang pretties up its 'pyramid'

PYONGYANG, Korea, Democratic People's Republic Of — While North Korea's second launch of an intercontinental ballistic missile dominated headlines late last week, Pyongyang quietly unveiled renovations around the capital's biggest landmark: a futuris
Chinese official says no link between US trade and N. Korea

Chinese official says no link between US trade and N. Korea

BEIJING — A senior Chinese trade official said Monday the issue of China-U.S. trade should be kept separate from the issue of North Korean security threats, pushing back on statements from President Donald Trump.

Toy company Spin Master Corp. acquires flying ring maker Aerobie Inc.

TORONTO — Spin Master Corp. (TSX:TOY) has acquired Aerobie Inc., a maker of outdoor flying discs and other sports toys. Financial terms of the deal, which closed Friday, were not immediately available.

Discovery buying Scripps Networks in $14.6B deal

SILVER SPRING, Md. — Discovery Communications is buying Scripps Networks Interactive Inc. in a cash-and-stock deal worth $14.6 billion. The transaction is valued at $90 per share, about a 4 per cent premium to Scripps' Friday closing price of $86.91.

Inflation remains weak in eurozone despite stronger growth

BRUSSELS — Inflation in the 19-country eurozone was at an annual rate of 1.3 per cent in July, a below-target figure that's likely to make the European Central Bank cautious about phasing out its stimulus programs too soon.

HSBC reports higher profit, plans $2B more in share buybacks

HONG KONG — HSBC said Monday it plans to buy back another $2 billion in shares after reporting a strong set of quarterly profits thanks to higher interest rates that helped fatten margins for its lending business.

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: The bottom line: It's high earnings season this week, with a number of corporate heavyweights releasing their latest results.
Scotland to Britain: Protect Scotch whisky after Brexit

Scotland to Britain: Protect Scotch whisky after Brexit

LONDON — Scotland has called for Scotch to be defined in U.K. law so its vital whisky industry can be protected after Brexit.
Icebreaker sets mark for earliest Northwest Passage transit

Icebreaker sets mark for earliest Northwest Passage transit

NUUK, Greenland — After 24 days at sea and a journey spanning more than 10,000 kilometres (6,214 miles), the Finnish icebreaker MSV Nordica has set a new record for the earliest transit of the fabled Northwest Passage.