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Euro zone economic sentiment fell more than expected in August, underlining prospects for slower economic growth and expectations that the European Central Bank may cut inflation forecasts and cease raising interest rates. A monthly European Commission survey showed economic sentiment in the 17 c...

The U.S. Securities and Exchange Commission sued two Florida men, claiming they defrauded teachers and retirees in a $22 million Ponzi scheme by posing as a private-equity fund while enriching themselves. James D. Risher and Daniel Sebastian fraudulently lured more than 100 investors with promis...

Ratings agency Standard and Poor's lowered its economic growth forecasts for the euro zone on Tuesday, but said the shared currency bloc was not headed toward a new recession. Public and private institutions have been scrambling to revise down their growth outlooks for Europe as a stream of wea...

The Conference Board Consumer Confidence Index®, which had improved slightly in July, plummeted in August. The Index now stands at 44.5 (1985=100), down from 59.2 in July. The Present Situation Index decreased to 33.3 from 35.7. The Expectations Index decreased to 51.9 from 74.9 last month. The m...

This evening sees the release of the minutes from the 9 Aug FOMC meeting, and after Bernanke’s appearance at the Jackson Hole Symposium last week, the hope is that there will be slightly more information presented for the markets to get their teeth into than the meagre morsels doled out on Friday....

The Federal Reserve may need to be even more aggressive in its easing policies than it has been so far unless the economy shows significant improvement, Chicago Fed President Charles Evans told CNBC. A jobless rate at 9.1 percent is "consistent with recession" while inflation is far from a worry,...

Residential real estate prices in the U.S. decreased in the year ended in June at a slower pace than in the prior month, a sign the market may be stabilizing. The S&P/Case-Shiller index of property values in 20 cities fell 4.5 percent from June 2010, after a 4.6 percent drop in the 12 months end...

Italy sold off €7.7bn (£6.8bn) in bonds at rates that were lower than the last similar operation in July, indicating an easing in investor jitters over Italian debt. The rates were much lower than at the previous auction on July 28 when markets were wracked by fears that Italy and Spain were being...

Data through June 2011, released today by S&P Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index increased by 3.6% in the second quarter of 2011, after having fallen 4.1% in the first quarter of 2011. With th...

Between June and July, the Industrial Product Price Index (IPPI) declined 0.3% and the Raw Materials Price Index (RMPI) fell 1.2%. The largest contributors to the IPPI's decline were chemical products and motor vehicles, while mineral fuels were the major factor in the decrease of the RMPI. The...