The US stocks closed August at a strong note on Friday (August 29), with the S&P 500 setting a new record by posting a modest gain on closing day of the month amid the rising crisis in Ukraine and overseas concerns helped extend a rally.
German 10-year bonds advanced this week, completing the longest run of monthly gains since January 2005, after European Central Bank President Mario Draghi fueled bets that officials will expand stimulus to revive the economy.
Consumer spending has dropped down. The fall is the very first if we see the six months' statistics. It is also observed that households' confidence remained high in August approaching the highest point in seven years.
Investors hoping to finally buy a piece of the Alibaba Group will have to wait a little longer. The Chinese e-commerce giant is planning to begin formally pitching its highly anticipated roadshow to investors, the last stage before it begins life as a publicly traded ...
Christine Lagarde of IMF says that because of conflicts in the east, the risks for program in Ukraine are very high. � www.imf.org.