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Zeroing in on empty homes, China throws developers a lifeline

BEIJING, July 6- Dismayed by the millions of unsold homes in China's troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing. This cannot be a cure-all for China's huge supply overhang. Low-income households gain from a bigger supply of subsidized homes, the...
Source: Reuters | By: Koh Gui Qing
Which home improvements should you do yourself?

Some projects make more sense to do yourself while others are better to leave to the experts. Here's how to determine which ones require a pro.
Source: CNBC.com
Some Hamptons villages seek limits on new construction

"I think it's horrible," says 85- year-old Eileen Finlay, the widow of a former village police chief, after seeing a seven-bedroom, six-bathroom home built adjacent to her modest ranch on a narrow, tree-lined street in Southampton. The village of East Hampton enacted new zoning laws last month aimed at restricting the size of new homes in certain neighborhoods;...
Source: The Associated Press | By: By FRANK ELTMAN, Associated Press
Traders recall the 'rush' and 'roar' as famed pits close

NEW YORK- Pete Meegan had every intention of going back to college, but then he got a summer job in the Chicago trading pits and fell in love with the "roar" of the floor, the excitement of "4,000 people yelling,' Buy! ' "and decided no more classroom for him. On Monday, most futures pits in Chicago and New York, where frenzied buying and selling once helped set prices on cattle...
Source: The Associated Press | By: By BERNARD CONDON and DON BABWIN, Associated Press
Greek foreign minister visits Israel amid crisis at home

JERUSALEM- Israel is welcoming the Greek foreign minister for a three-day visit as his country faces a financial crisis at home, with Greeks voting on a referendum about their country's future. Emmanuel Nahshon, Israel's Foreign Ministry spokesman, said Sunday that the visit from Greek Foreign Minister Nikolaos Kotzias would have an "economic emphasis" but...
Source: The Associated Press
UPDATE 1-Malaysia's opposition demands emergency debate on PM after graft allegations

*Opposition says Malaysia facing unprecedented political crisis. KUALA LUMPUR, July 5- Two of Malaysia's main opposition parties on Sunday demanded an emergency sitting of parliament to discuss Prime Minister Najib Razak's future as tensions mounted over a report that linked him to probes into alleged corruption involving state fund 1 MDB.
Source: Reuters | By: Praveen Menon and Trinna Leong
Malaysia's opposition demands emergency debate on PM after graft allegations

KUALA LUMPUR, July 5- Two of Malaysia's main opposition parties on Sunday demanded an emergency sitting of parliament to discuss Prime Minister Najib Razak's future as tensions mounted over a report that linked him to probes into alleged corruption involving state fund 1 MDB. A Wall Street Journal report published on Friday said that investigators had...
Source: Reuters | By: Praveen Menon
Malaysian leader faces risk of criminal charges over fund

KUALA LUMPUR, Malaysia- Malaysian Prime Minister Najib Razak is facing the risk of criminal charges over allegations that hundreds of millions of dollars were funneled from an indebted state fund to his personal bank accounts, the first time a Malaysian leader has faced criminal allegations. The existence of the documents was first reported by the Asian Wall...
Source: The Associated Press
'Take the bailout', Greek voters say-just barely

Supporters of Greece's bailout have taken a wafer-thin lead over the "No" vote backed by the government, hours ahead of a fateful referendum.
Source: Reuters
German minister backs K+S's Potash bid rejection

FRANKFURT, July 4- A German regional minister gave his backing to potash miner K+ S's rejection of an $8.8 billion- euro takeover bid by Canada's Potash Corp of Saskatchewan, saying K+ S should remain a German company. Tarek Al-Wazir, minister of economy in K+ S's home state of Hesse, said on Saturday he would support K+ S's efforts to make sure regional jobs and value...
Source: Reuters