Thursday, October 9, 2014
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.
A bottleneck is building in the global market for bonds.
Thursday, October 2, 2014
U.S. consumer confidence deteriorated in September after hitting the highest level in nearly seven years in August. But economists said the fall appears to be a temporary slip that shouldn't dampen consumer spending in the coming months.