US consumers are holding up global economy, but for how long

Washington: American consumers are increasingly propping up the global economy, an enduring source of strength that is helping keep the United States out of recession and drawing a sharp contrast with the rest of the world. But as a number of signs point to a possible downturn in the United States, economists are growing more […]

Fitch, S&P downgrade Argentina’s credit rating

BUENOS AIRES. Argentina’s peso ended a tumultuous week Friday having shed 20 per cent in its value against the US dollar as both Fitch and S&P cut the South American country’s long-term credit rating, citing increased uncertainty and a rising risk of default. The peso gained 2.75 per cent to trade at 58.12 to the […]

Global markets to remain volatile on macro data, trade war fears

New York: Stocks around the world jumped on Friday to cap another tumultuous week, but expectations are modest on the upward trajectory of global stocks. Stocks, bonds and other investments heaved up and down throughout the week, with worries hitting a crescendo on Wednesday when a fairly reliable warning signal of recession flipped on in […]