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U.S. Consumer Confidence Rises In August

Wochit 0:56 mins

According to a private sector report U.S. consumer confidence rose in August as consumers' outlook for the future improved. Japan Post's first full disclosure of earnings showed a solid net profit of $1.64 billions for the April-June quarter, a result that bodes well for the financial giant's plans to start emerging from state ownership. The huge postal, banking and insurance group hopes to list on the Tokyo stock market in 2015 in a mega-offering worth several trillions of yen. Mohamed El-Erian, chief executive of bond giant Pimco, said that the economy cannot absorb uncertainties, including another "fight" on the debt limit.

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