Existing U.S. Home Sales Rise in August From Record Low

Sept. 23 (Bloomberg) -- Sales of U.S. previously owned homes rose in August to the second-lowest level on record, indicating housing remains depressed a year after the economic recovery began. Purchases of existing houses climbed to a 4.13 million annual pace, in line with the median forecast of economists surveyed by Bloomberg News and second only to July’s 3.84 million rate as the weakest in a decade’s worth of data, the National Association of Realtors said today in Washington. Bloomberg's Margaret Brennan and Michael McKee report. (Source: Bloomberg)

Petrobras Raises $70 Billion in Largest Share Offering

Sept. 24 (Bloomberg) -- Petroleo Brasileiro SA, the state-controlled oil company, raised 120.4 billion reais ($70 billion) from the Brazilian government and other investors in the world’s largest share sale as it seeks cash to develop offshore fields. Bloomberg's Cecilia Tornaghi reports.(Source: Bloomberg)

Ian Williams, Gold May Rise Substantially; Bonds in Bubble

Sept. 23 (Bloomberg) -- Ian Williams, chief executive officer of Charteris Portfolio Managers, talks about the outlook for gold and bonds amid speculation about more so-called quantitative easing. He speaks with Maryam Nemazee on Bloomberg Television's "On The Move."