The Consumer Confidence Index of the US in August increased. The Conference Board, an independent business membership and research group, revealed that consumer confidence in the US increased in August.
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Mining and industry would suffer unless structural changes are undertaken
The mining industry would suffer further degrowth without changes in policy and structure. Many experts have called out to the government that the mining and quarrying industry would most likely suffer more as it contracts by 2.
US consumer spending increases slightly
Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.
US consumer sentiment fell in August
Survey indicates a drop in US consumer sentiment after a six month high. After a six year high, consumer sentiment in the United States fell in August despite being upbeat in their outlook in the early part of the month.
Moody's post positive review on Oman's Islamic banking sector
Moody's the ratings agency said that the Islamic banking sector of Oman would grow between six and eight percent in the next five years.
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Private equity firms perform at higher levels in terms of buyout financing compared to the previous year.
The National Dog Day was founded to encourage the adoption of shelter strays as pets. August 26 is National Dog Day. This celebration started back in 2004 in recognition of the high number of shelter pets that seek a good home.
Eurozone indicators and US trends point to a recovery in the global economy. Positive results from business surveys conducted in the Euro Zone as well as encouraging trends in the US all point to better prospects for the global economy.
The German private sector showed robust growth in August, according to Markit's PMI survey. The private sector in Germany showed signs of growth. A new survey conducted by financial information services company Markit revealed that the Purchasing Managers' Index (PMI) of Germany's private sector increased to 53.
Recent survey results conducted by Chinese economists feared that the local government loans will amount to future problems for the state.
Market research firm eMarketer projected mobile payments will top USD1 billion in the US for this year, and by 2017 would reach USD58 billion.
Forrester Research Inc said concerns regarding the Prism spy project of the US National Security Agency could cost US companies USD180 million worth of business in the IT service market.
Studies by financial analysts indicated that the banking sector is recovering and may regain top spot on S & P.
Retail company Macy's blamed shoppers' current spending habits for its second quarter sales.
