TRADE WARS WEIGHING ON WORLD ECONOMY

» A global economic watchdog says world growth has passed its peak and faces growing risks, including from trade disputes and higher interest rates.

The Organization for Economic Co-operation and Development, which advises many of the world’s richest economies, said Wednesday it has cut its forecast for global growth next year to 3.5 percent from 3.7 percent previously.

The Paris-based agency said trade and investment have taken a hit from higher tariffs.

Honda recalls minivans because their doors can open unexpectedly.

DETROIT»

Honda is recalling 122,000 minivans worldwide because the sliding doors can open while the vans are moving.

The recall covers Odyssey vans from 2018 and 2019.

Honda says some parts in the power-door rear latches can stick and stop the doors from fastening securely. The company says it has no reports of injuries.

Honda dealers will replace the latches, but currently they have only a limited parts supply.

Honda says owners should take their vans to a dealer as soon as they get recall letters that will be mailed in late December.

U.S. home sales rise 1.4 percent, snap six-month losing streak.

WASHINGTON»

U.S. home sales rose in October, breaking a six-month losing streak. But sales are still down from a year ago, hurt by rising interest rates.

The National Association of Realtors said Wednesday sales of existing homes climbed 1.4 percent to a seasonally adjusted annual rate of 5.22 million last month from 5.15 million in September.

But the October sales were still down 5.1 percent from a year earlier — the largest annual drop since July 2014.

U.S. mortgage rates fall; 30-year at 4.81 percent.

WASHINGTON» U.S. longterm mortgage rates recorded the biggest drop in nearly four years this week, but they remain much higher than they were a year ago.

Mortgage giant Freddie Mac said Wednesday the average rate on the benchmark 30-year, fixed-rate mortgage fell to 4.81 percent this week, down from 4.94 percent a week earlier. It was the biggest weekly drop since January 2015.

But the 30-year rate was still up from 3.92 percent a year ago.