President Barack Obama remains undecided on Federal Reserve chairman pick and will most likely extend consideration of the matter until the fall.
Industry
Iron ore rises indefinitely amid Chinese slowdown
Chinese iron ore production and prices continue to rise despite the general decline in base metals trading.
EU, China defuse biggest trade row to date
China and the European Union have agreed on a trade price and concluded a six-week dispute over Chinese solar panels.
Spanish unemployment rate declines after two year upsurge
Spanish unemployment rate drops 0.9% for second quarter and signals beginning of recession recovery.
U.S. consumers expect sluggish growth despite highest consumer sentiment level in six years
Consumer economic sentiment in the U.S. climbed to its highest number six years despite cross-currents among higher-income and lower-income households.
Latest News
JPMorgan announced that it will no longer be trading in physical commodities. JPMorgan Chase & Co announced that it will no longer be trading in physical commodities.
Local governments that filed for Chapter 9 did not exactly have happy endings. Detroit officials may be hopeful that their Chapter 9 bankruptcy filing will ultimately strengthen their economy, but history has shown otherwise.
Apple's smartphone market share decreased as Huawei's hold of the global industry increased.
The European Commission accepted the book publisher's pledge to end its ebook deals with Apple that breached EU laws on competition.
For the first time since 2011, the Spanish unemployment rate fell. Spain's unemployment rate dropped for the first time in two years. From a high of 27.
President Francois Hollande to face challenges in reform programs for France's pension system. French President Francois Hollande may manage a lightweight reform regarding the country's indebted pension system.
After a sleepy first half this year, capital goods spending arose last month, bolstering hopes of faster economic growth.
Swiss banking giant UBS settled with the US Federal Housing Finance Agency to pay USD 885 million to Fannie Mae and Freddie Mac.
China's official news outlet said that more foreign pharmaceutical firms in the country could face the possibility of getting investigated for corruption.
