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US auto sales seen ending summer without a sizzle
Auto sales are a closely watched indicator of consumer demand, particularly for big-ticket items, and the industry accounts for roughly one-fifth of all US retail spending.
US judge throws out aluminium price-fixing suit against banks
In an 85-page decision, US District Judge Katherine Forrest in Manhattan said there was no indication the defendants intended to manipulate prices, though it was clear that their actions affected the aluminum marketplace.
European Central Bank may conduct QE by March
75% of survey respondents see ECB move to buy asset backed securities
IMF board expresses confidence in Christine Lagarde
In a brief statement, the 24-member board said it continues to have “confidence in the managing director’s ability to effectively carry out her duties”.
India economy on mend, deficit goal doable: Jaitley
The right-wing government’s moves to accelerate bureaucratic decision-making and make it easier to do business are already paying dividends, Jaitley said.
Ecuador may ditch dollar with world’s first govt-issued digital currency
Ecuador is planning to create the world’s first government-issued digital currency, which some analysts believe could be a first step toward abandoning the country’s existing currency, the US dollar, which the government cannot control.
Bahrain to meet investors before sovereign bond
Bahrain has chosen four banks to arrange investor meetings before a potential long-dated sovereign bond issue, said a document on Tuesday from lead managers for the kingdom’s first debt issue in over a year.
Saudi Aramco’s unconventional gas gets bidders
Four companies have expressed interest in bidding for work on unconventional gas in Saudi Arabia as the world’s top oil exporter pushes ahead with plans to develop challenging shale deposits, industry sources said.
Egypt central bank may hold interest rates
Egypt’s central bank is expected to keep interest rates on hold on Monday, a Reuters poll showed, in an attempt to balance inflationary pressures and the need to stimulate an economy suffering from more than three years of stagnation.
US consumer spending falls, but sentiment at 7-year high
US consumer spending fell in July for the first time in six months, but a rise in confidence among households in August to a seven-year high suggested the retrenchment was likely temporary.
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