PRESS DIGEST - Wall Street Journal - May 30
May 30 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
SAO PAULO, March 24 Cyrela Brazil Reality SA is still seeing relevant levels of sales cancellation in the first quarter, indicating that Brazil's largest homebuilder continues to struggle with the impact of a multi-year downturn in the construction industry.
In a conference call to discuss fourth-quarter results Friday, Co-Chief Executive Officer Raphael Horn said Cyrela will focus on lowering inventories as cancellations and lack of a government response continue to hamper the sector. (Reporting by Ana Mano; Editing by Chizu Nomiyama)
* Euro weakens on fears Greece may forego next bailout payment
* Political uncertainty in Europe stokes safe-haven buying * Spot gold, silver touch one-month peaks * Spot gold may rise to $1,276 per ounce -technicals (Adds comment, updates prices) By Nithin ThomasPrasad May 30 Gold edged up to touch a one-month high on Tuesday, with investors turning to the safe-haven asset as geopolitical tensions sapped their appetite for risk. Spot gold had risen 0.1 percent to $1,267.70 per ounce by 0349 GMT. It earlier touch