AP - Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound.
The US economic recovery is showing widespread signs of slowing, the US Federal Reserve warned Wednesday, as it gears up for a key policy meeting later this month.
AP - TOKYO — Japan's machinery orders, a key gauge of future business investment, rose the most in seven months, a sign that companies are more confident in the economic recovery.
Reuters - Treasury Secretary Timothy Geithner said on Wednesday the United States is recovering slowly from a savage recession that has caused deep job cuts and a loss of confidence.
The economy has shown widespread signs of slowing over recent weeks, the Federal Reserve said on Wednesday in a report suggesting that while the recovery has been faltering, the economy may skirt a second recession.
President Barack Obama is getting a little personal about the sluggish economy, telling a Cleveland audience about his own family's struggles and hardships.
Fidel Castro said Cuba's economic model no longer works, a U.S.-based journalist reported on Wednesday following interviews with the former president last week.
AP - BANK OF CANADA UPS KEY RATE: Canada's central bank raised its benchmark interest rate by a quarter point to 1 percent, after similar moves in June and July.
AP - Hungary will not seek any more loans from the International Monetary Fund or the European Union and will be able to meet its financing needs by selling bonds to international and domestic investors, Economics Minister Gyorgy Matolcsy said Wednesday.
The British economy shrank last month and an already faltering recovery will slow sharply over the coming months, according to the National Institute of Economic and Social Research (NIESR), one of the nation's most respected and accurate forecasters.
