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    The U.S. life insurance industry has "substantial long-term stability risks" according to a stress test conducted by the International Monetary Fund staff. In a report released Tuesday, the IMF said that prolonged low interest rates "pose a slow burning solvency risk" for life insurers. If low rate stay until 2018, 11 out of 18 life insurance groups would report negative shareholder equity, the IMF said.

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    The nation's trade deficit rose 2.9% in May, mostly because the U.S. exported fewer aircraft and other manufactured goods. The U.S. trade deficit climbed to a seasonally adjusted $41.9 billion from a revised $40.7 billion in April, the Commerce Department said Tuesday. Economists surveyed by MarketWatch had forecast a deficit of $42.1 billion.

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    The U.S. trade deficit widened in May, fueled by a drop in exports that could heighten concerns over weak overseas demand and a strong U.S. dollar. The increase in the trade gap to $41.9 billion, announced on Tuesday by the Commerce Department, was less than analysts had expected.

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    U.S. home prices rose 1.7% in May, with buyers during the key spring sales market bidding against each other for a relatively low supply of homes, according to a report released Tuesday by CoreLogic, an Irvine, Calif.-based analysis firm. Year-over-year growth for home prices hit 6.3% in May, the strongest result in 10 months. "Mortgage rates on 30- year fixed-rate loans remained below 4% through May, helping to fuel home-purchase activity," said Frank Nothaft, CoreLogic's chief...

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    WASHINGTON-- Home prices rose in May during the hot spring sales market, pushing annual growth to a 10- month high, according to a report released Tuesday. With demand butting against a relatively low supply of homes available for sale, a gauge of housing prices increased 1.7% in May, while year-over-year growth rose to 6.3%, the fastest annual pace since July, said CoreLogic, an Irvine, Calif.--based analysis firm. Gains were "fairly widely distributed across the country," and 10 states,...

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    A July 6 story by MarketWatch contained a misspelling of the name of the French economist Thomas Piketty. The story has been corrected. (END) Dow Jones Newswires 07-06-15 1820 ET Copyright (c) 2015 Dow Jones& Company, Inc..

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    A special invitation: The Fiduciary Quagmire. What do federal proposals to impose a fiduciary standard on retirement advisers mean for investors and advisers? If you're planning to be in New York on Tuesday, July 28, you're invited to an evening of cocktails and conversation on the Fiduciary Quagmire.

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    President Barack Obama on Monday said the fight against ISIS would be "a generational struggle." The mission to destroy ISIS "will be difficult, it will take time, there will be setbacks as well as progress," Obama said in a statement after meeting with his top military advisors at the Pentagon. The president said the U.S. has had success preventing large-scale strikes by terrorists but lone-wolf attacks, inspired by the terrorist group, remain hard to detect and prevent.

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    The economic slowdown in China has hit General Motors' (GM) sales as the 4.4% sales growth for the company in that country for first half of the year was outpaced by 4.5% growth in the U.S. Chinese competitors have flooded sports-utility vehicle market in China with cheaper options, while the American car market experienced surging car sales as consumers cashed in on cheaper gas prices and low inter...

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    The "door for talks" on a bailout program for Greece remains open, but "at the same time we say that the requirements for starting negotiations about a concrete ESM program are not present at the moment," German Chancellor Angela Merkel said in a joint news conference with French President Francois Hollande on Monday, news reports said. Hollande said it's up to the Greek government to offer credible proposals, while emphasizing "there is not much time." Merkel and Hollande are meeting a...

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    Greece could start a domino effect that hits Washington D.C. this summer. Here's the problem: The Federal Reserve is on course to raise interest rates in September, but Greece's ongoing crisis could create enough uncertainty in U.S. markets or with the U.S. dollar to make the Fed delay its long-awaited rate hike. Even Fed Chair Janet Yellen has warned that Greece is a factor.

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    U.S. banks enjoyed a refinancing boomlet in 2015' s first quarter. Investors shouldn't expect a repeat in the just-finished second quarter, thanks to rising long- term yields. Each step the Federal Reserve takes on the road to a more normal monetary policy stance leads banks closer to what may be less profitable times for mortgages.

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     BP shares are down 2.06% to $40.43 in afternoon trading on Monday as falling crude prices take their toll on the oil sector today.Crude prices are dropping significantly in trading today as fallout from the Greek debt crisis caused traders to invest in the dollar, seen as an alternative to investing in oil which trades internationally in dollars.The possibility of increased exports from Iran a...

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    Economist Euclid Tsakalotos, who has served as the Greece's lead bailout negotiatior, will replace Yanis Varoufakis as finance minister, news reports said Monday. Varoufakis resigned on Monday, a day after Greeks voted overwhelmingly to reject bailout terms offered by international creditors. (END) Dow Jones Newswires 07-06-15 1151 ET Copyright (c) 2015 Dow Jones& Company, Inc..

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    WASHINGTON-- The seventh anniversary of the federal conservatorship of housing-finance giants Fannie Mae (FNMA) and Freddie Mac (FMCC) is approaching, and the firms remain embroiled in uncertainty. The two companies, which together back about half of new mortgages for homes, are still standing, years after the housing market's meltdown. The government sponsored enterprises are at the center of investor suits about whether the government has unfairly taken private capital, overreaching...

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    * Benchmark, short-dated yields hover near multi-week lows. * Incoming supply, Fed rate hike prospects limit yield decline. By Sam Forgione. Benchmark U.S. Treasury yields hovered near their lowest in over two weeks on Monday on safe-haven demand, a day after Greeks overwhelmingly rejected conditions of a rescue package from creditors, raising expectations of a Greek exit from the euro zone.