Thursday, August 7, 2014
Activity in the U.S. services sector jumped in July, with virtually all non-manufacturing industries experiencing growth, the latest sign of building momentum in the American economy.
Federal regulators have told the biggest banks in the U.S. that their plans for unwinding their operations in case of failure are inadequate to prevent the sort of financial disaster that struck in 2008 and led to a massive government bailout.
Canada and the European Union have settled on the final text of a landmark free-trade deal, which is expected to come into force mid-2016, Canadian officials said Tuesday.
Wednesday, August 6, 2014
U.S. home prices rose in June by the smallest year-over-year amount in 20 months, slowed by modest sales and more properties coming on the market.
Travelers, prepare to pay more for your flight.
Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the Great Recession.
Monday, August 4, 2014
American mining concern Doe Run must pay US$163 million for failing to take sufficient environmental measures at its site in La Oraya, Peru's high court announced Saturday.
Saturday, August 2, 2014
U.S. employers extended their hiring surge into July by adding a solid 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are gradually shedding the caution that had marked the 5-year-old recovery.
Friday, August 1, 2014
The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U.S. economy needs less help. But it's offering no clearer hint of when it will start raising its benchmark short-term interest rate.
A federal judge imposed a US$1.3 billion civil penalty against Bank of America (BofA) on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments.