30 Aug '11, 3pm

US consumer confidence falls to 2009 low

US consumer confidence falls to 2009 low

WASHINGTON: US consumer confidence fell in August to the lowest level in more than two years as consumers worried about the economy amid a political standoff over the nation's debt, a key survey showed on Tuesday. The Conference Board said its consumer confidence index tumbled almost 15 points from July, to 44.5, the lowest reading since April 2009. Consumers' expectations for the next six months soured dramatically, while assessments of current conditions weakened modestly, the research firm said. "Consumer confidence deteriorated sharply in August, as consumers grew significantly more pessimistic about the short-term outlook," said Lynn Franco, director of the Conference Board's consumer research. The survey's cut-off date was August 18, after Democratic and Republican lawmakers in Congress reached an 11th hour deal to lift the debt ceiling, avoiding a default, and after...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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The minor falls and the major lifts.

sixpegs.com 30 Aug '11, 11am

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Fed notes help US dollar gain on euro

Fed notes help US dollar gain on euro

channelnewsasia.com 30 Aug '11, 10pm

NEW YORK: The euro eased against the US dollar on Tuesday as sagging consumer data hit sentiment in both areas but dollar ...

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US stocks rise on hopes of Fed action

US stocks rise on hopes of Fed action

channelnewsasia.com 30 Aug '11, 9pm

NEW YORK: US stocks closed with modest gains on Tuesday after newly released minutes from the Federal Reserve's key policy...

Tokyo stocks fall to lowest since April 2009

Tokyo stocks fall to lowest since April 2009

channelnewsasia.com 06 Sep '11, 7am

TOKYO - Tokyo stocks closed at a more than two-year low Tuesday on rekindled worries over eurozone debt and the fragility ...