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.
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.
Chinese e-commerce giant Alibaba plans to hold its initial public offering on the US stock market the week of September 8, the Wall Street Journal reported Saturday, citing a person familiar with the matter.
By Floyd Norris The Standard & Poor's 500-stock index has doubled in value, and it only took 16 1/2 years. The index, which includes all the largest US companies, climbed above 2,000 on Tuesday, 6,049 days after it first closed above 1,000 on February 2, ...
Malaysia Airlines is to cut 6000 jobs, nearly a third of its staff, as part of a recovery plan following the loss of two planes this year.