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    US budget deficit hits record $3tr through 11 months

    12 Sep 2020

    The US budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said on Friday. The ocean of red ink is a product of the government’s massive spending to try to cushion the impact

    US consumer sentiment picks up, current account deficit at 52.9%

    18 Sep 2020

    US consumer sentiment increased in early September, with Democrats more upbeat about the economy’s outlook compared to Republicans ahead of the Nov. 3 presidential election.

    Global factories are shaking off COVID-19 gloom, outlook shaky

    01 Sep 2020

    Factories across the world continued to shake off the coronavirus gloom in August as the global economy gradually emerges from a downturn triggered by the health crisis, thanks in part to massive fiscal and monetary stimulus programmes.

    J.C. Penney’s talks for rescue stall

    01 Sep 2020

    J.C. Penney’s talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse unless it can reach a deal within days to be taken over by lenders.

    US private employers hire fewer people, Ford to cut 1,400 jobs

    02 Sep 2020

    US private employers hired fewer workers than expected for a second straight month in August, suggesting that the labour market recovery was slowing as the COVID-19 pandemic

    World food price index rises for third straight month in August

    03 Sep 2020

    World food prices rose for a third straight month in August, led by coarse grains, vegetable oils and sugar, the United Nations food agency said on Thursday.

    US businesses see modest growth in activity and rise in employment

    03 Sep 2020

    US businesses saw a modest increase in activity and employment generally increased through late August, a Federal Reserve report showed, but economic growth remained sluggish in some parts of the country.

    US labour market slowing as fiscal stimulus boost ebbs

    04 Sep 2020

    US job growth slowed further in August as financial assistance from the government ran out, threatening the economy’s recovery from the COVID-19 recession.

    Dollar in demand as equities retreat on virus concern

    24 Sep 2020

    The dollar traded at $1.1656 per euro on Thursday, just shy of a two-month high reached on Wednesday. The greenback held near a nine-week high against the Swiss franc at 0.9236, and also held on to gains made in the previous session against the Japanese currency, to stand at 105.45 yen.

    US business spending digging out of deep hole

    25 Sep 2020

    New orders for key US-made capital goods increased more than expected in August and shipments raced to their highest level in nearly six years, suggesting a rebound in business spending on equipment was underway after a prolonged slump.

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