Thursday, October 9, 2014
U.S. consumers increased their borrowing in August in the category that covers auto loans and student loans but cut back on their credit card borrowing.
The International Monetary Fund (IMF) slashed its 2014 economic growth forecast for Brazil by a full percentage point Tuesday, to 0.3 percent, blaming weak investment and a consumer funk.
Large American and European banks are nearing settlement deals with British regulators over rigging interest rates and manipulating the foreign exchange market, sources told AFP Tuesday.
Wednesday, October 8, 2014
U.S. home prices increased in August, yet the pace of these gains continues to slow, helping to improve affordability for would-be buyers.
Americans are expected to spend at the highest rate in three years during what's traditionally the busiest shopping season of the year, according to the nation's largest retail industry trade group.
Venezuela's automobile production plummeted 82 percent in the first three quarters of 2014, a casualty of the shortage in imported materials, an industry group said in its monthly report Monday.
Saturday, October 4, 2014
U.S. employers added 248,000 jobs in September, a burst of hiring that helped drive down the unemployment rate to 5.9 percent, the lowest since July 2008.
A high-frequency trader in New Jersey is facing charges for allegedly manipulating commodities prices by issuing false signals to the market and then profiting off them while using software that executes trades within milliseconds, federal prosecutors in Chicago announced Thursday.
Argentina's choice of new central bank chief triggered nervous reaction Thursday, sending the Buenos Aires stock market into a dive and drawing warnings of reckless policymaking.
Friday, October 3, 2014
The United States and Brazil closed a 12-year-old fight over U.S. cotton subsidies Wednesday, with the U.S. paying US$300 million to the Brazilian Cotton Institute to settle the trade battle.