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US Cyber Monday sales soar to record 19%
Cyber Monday sales surged, sending online shopping toward a single-day record as Inc and EBay Inc siphoned consumers from brick-and-mortar stores.
Spanish jobless queue shrinks in November
Spanish unemployment queues shrank in November, government figures showed on Tuesday, shining a glimmer of hope on one of Europeís bleakest job markets.
Output up in Nov although Europe diverging; Asia in upswing
Increasing demand for manufactured goods drove global factory activity higher last month but the spurt in the eurozone masked a widening disparity among some of the blocís key members.
Indian inflation marches higher to 7.0%
The Wholesale Price Index, Indiaís most closely watched inflation indicator, rose to 7.0 per cent in October from 6.46 in September.
GCC set for robust growth
The GCC can expect to see robust economic growth over the medium term and successful diversification of its local economies, Ernst & Young said in its most recent Rapid-Growth Markets (RGMs) Forecast.
Investors bet on last-minute deal
With a possible US government shutdown days away, Wall Street still hasnít come down with a critical case of fiscal fever despite forecasts that failure to resolve the federal budget standoff could be catastrophic.
US consumer spending up
Consumer spending in the US rose in August for a fourth consecutive month as a pickup in incomes supported the biggest part of the economy.
NSE below 200-day moving average
Indian shares fell about one per cent on Friday with the NSE index closing below its 200-day moving average for the first time in nearly three weeks as banks declined after central bank chiefís comments on inflation being still high.
Apicorpís H1 profit jumps 31%
Arab Petroleum Investments Corporation (Apicorp), the Multilateral Development Bank owned by the ten member nations of the Organisation of Arab Petroleum Exporting Countries (OAPEC), recently announced that its net profit for the first half of the year grew 31 per cent to $66 million from the $51 million recorded for H1, 2012.
US home prices increase
US home prices gained in July even as a dip in consumer confidence this month underscored the potential for higher interest rates and a sluggish economy to dent a housing market recovery.
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