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.
Treasuries gained the most this month since January as faltering European growth and turmoil in Ukraine prompted investors to seek higher-returning U.S.
The International Monetary Fund has given a green light for Ukraine to receive the second tranche of financial assistance totalling $1.39 billion, meaning more austerity measures for the already struggling economy.
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.
A+E Networks is close to buying a 10 percent stake in Vice Media Inc., a deal that would value the company at about $2.5 billion, according to people with knowledge of the matter.