The confidence of US consumers in the country’s economy fell sharply in August and reached its lowest level since April 2009, The Conference Board reported on Tuesday, attributing the decline in part to the lengthy congressional negotiations to raise the debt limit.
Venezuela’s second quarter (2Q) Gross Domestic Product (GDP) was 2.5%, below the expectations of the Government and below the first quarter GDP’s 4.8% rate, probably indicating that the Government’s effort to prop the economy via fiscal spending is losing steam.
Britons are among the most pessimistic in the world about their country’s economic prospects, it was revealed this week. Just 9% of respondents in the Ipsos MORI survey expect an improvement in their economy in six months’ time, a figure only beaten by the French with 3%.
Peru had its foreign debt rating raised one level by Standard & Poor’s, which said it expects recently elected President Ollanta Humala to continue policies that support the country’s economic expansion.
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota signalled he would not attempt to annul the Fed’s commitment to keep interest rates near zero through mid-2013.
The world's largest beef producer, Brazil's JBS, will shift its meat packing operations to other locations where it operates in the country, to reap tax savings, the company said on Tuesday.
Kenya’s Airways (KQ), the east African country national carrier announced it has signed a contract for acquisition of 10 Embraer 190 jets in a deal that includes the purchase rights for 16 jets from the company.
Sugar output in Brazil, the world’s largest producer and exporter, will unexpectedly fall this year after freezing weather pared crop yields, the Agriculture Ministry said on Tuesday.
Brazil's economy showed new signs of a slowdown on Tuesday as steelmakers slashed their growth forecasts, the country's No. 1 airline scaled down its expansion plans and a new poll showed growing pessimism in the manufacturing sector.
The IMF has slashed its growth forecasts for the United States and said the Federal Reserve and the European Central Bank must be ready to ease policy.