It’s a measure of international investors’ desperation that they are long the Russian ruble and other Russian assets. Even though fears of a major Russian onslaught in Ukraine are likely to prove unfounded, there’s nothing about the Russian economy that can support an asset boom, and it’s only a matter of time before the central bank is compelled to ...

  Bloomberg Checkout lines at most American retailers were noticeably shorter in July as sales stalled following one of the strongest quarters in years, indicating consumer spending will cool in the third quarter. The Commerce Department said purchases totaled $457.7 billion last month, little changed from the $457.9 billion in June. That reflected declining receipts at eight of 13 major ...

  Bloomberg United Continental Holdings Inc. won approval for a new contract with flight attendants and reached an “agreement in principle” with mechanics, setting the stage for labor peace for the first time since the 2010 merger that created the airline. The Association of Flight Attendants voted 53 percent in favour of a five-year pact that raises top pay rates ...