Arabic calligraphy expo opens in Dubai
February 18th, 2012 - 1:11 am ICT by IANS
Dubai, Feb 17 (IANS/WAM) An international Arabic calligraphy exhibition has opened here.The 7th Dubai International Exhibition for Arabic Calligraphy was opened Thursday by Federal National Council speaker Mohammed Al Murr. ... Read more...
Posted in World |
Retail sales in US rose in January
February 15th, 2012 - 12:01 pm ICT by IANS
Washington, Feb 15 (IANS/EFE) US retail sales rose 0.4 percent in January due, mainly, to the activity in department stores, general merchandise stores and bars and restaurants, the Commerce Department ... Read more...
Posted in Business |
US stocks drop on Greece worries
February 11th, 2012 - 4:01 am ICT by IANS
New York, Feb 11 (IANS) US stocks dropped Friday as Greece's crucial international bailout was put on hold by eurozone finance ministers.Eurozone finance ministers said Greece had to save an ... Read more...
Posted in Uncategorized |
US economic growth accelerates
January 28th, 2012 - 4:10 am ICT by IANS
Washington, Jan 28 (IANS) The US economy grew at the fastest pace in a year and a half in the fourth quarter of 2011, the Commerce Department said Friday.The encouraging ... Read more...
Posted in Business |
US stocks mixed
January 28th, 2012 - 3:00 am ICT by IANS
New York, Jan 28 (IANS) US stocks traded mixed Friday amid news that the US economy grew slower than expected, and concerns over the ongoing Greece debt negotiations.The Commerce Department ... Read more...
Posted in Business |
US trade deficit went up in November 2011
January 14th, 2012 - 11:19 am ICT by IANS
Washington, Jan 14 (IANS/EFE) The US trade deficit shot up 10.4 percent in November to $47.75 billion after four consecutive months of declines, the Commerce Department said Friday.The gap between ... Read more...
Posted in Business |
Wall Street flat as investors weigh US data, Europe
January 5th, 2012 - 3:26 pm ICT by IANS
New York, Jan 5 (IANS) US stocks ended flat Wednesday after major indexes rallied on the first trading day of the New Year, as the market was still teetering between ... Read more...
Posted in Business |
US consumer spending goes up in November
December 24th, 2011 - 2:09 pm ICT by IANS
Washington, Dec 23 (IANS) US families slightly boosted their spending in November with their take-home income rising at a slow pace, authorities said Friday.Real personal consumption expenditures (PCE), consumption after ... Read more...
Posted in Business |
New home sales in US rose in November
December 24th, 2011 - 12:53 pm ICT by IANS
Washington, Dec 24 (IANS/EFE) Sales of new homes in the US rose 1.6 percent between October and November to reach an annualized rate of 315,000, authorities said Friday.Yet the figure ... Read more...
Posted in Uncategorized |
US economy grew only 1.8 percent in Q3
December 23rd, 2011 - 11:52 am ICT by IANS
Washington, Dec 23 (IANS/EFE) The US economy grew at an annualized rate of 1.8 percent in the third quarter and not 2.5 percent as originally thought, the Commerce Department said ... Read more...
Posted in Business |
US economic growth revised down to 1.8 percent
December 22nd, 2011 - 11:51 pm ICT by IANS
Washington, Dec 22 (IANS) US economic growth rate was revised down to 1.8 percent in the third quarter of this year, the commerce department said Thursday.The department attributed the slowdown ... Read more...
Posted in Business |
US to intensify exports to India, China
December 16th, 2011 - 1:29 pm ICT by IANS
Washington, Dec 16 (IANS) The United States plans to intensify focus on India, China, Brazil and other priority markets where its exports have the best potential for continued growth.The ... Read more...
Posted in Business |
US stocks drop for second straight day (Lead)
December 14th, 2011 - 6:09 am ICT by IANS
New York, Dec 14 (IANS) US stocks dropped all early gains and ended lower for the second straight day Tuesday after the Federal Reserve offered no immediate measures to boost ... Read more...
Posted in Business |
US stocks rise on positive retail data
December 14th, 2011 - 5:23 am ICT by IANS
New York, Dec 14 (IANS) US stocks opened higher Tuesday on positive retail data.According to the commerce department, US retail sales rose 0.2 percent after a 0.6-percent gain in October.The ... Read more...
Posted in Business |
US trade deficit shrinks
December 10th, 2011 - 11:30 am ICT by IANS
Washington, Dec 10 (IANS/EFE) The US trade deficit declined 1.6 percent in October to $43.46 billion, its lowest level this year, the Commerce Department said Friday.The cumulative trade deficit for ... Read more...
Posted in Business |
Growth slows in US service sector
December 6th, 2011 - 11:45 am ICT by IANS
New York, Dec 6 (IANS/EFE) The service sector, which accounts for more than 75 percent of US economic activity, expanded last month at the slowest pace in nearly two years, ... Read more...
Posted in Business |
US new home sales rise
November 29th, 2011 - 11:38 am ICT by IANS
Washington, Nov 29 (IANS/EFE) New home sales in the US rose by 1.3 percent in October to an annualized rate of 307,000 units, extending the recovery begun in September after ... Read more...
Posted in Business |
US economy to strengthen in near term: Federal Reserve
November 23rd, 2011 - 1:35 pm ICT by IANS
Washington, Nov 23 (IANS) The near-term projection for the pace of growth of the US economy was revised up due to the recent positive data on consumer spending and business ... Read more...
Posted in Business |
US Q3 growth revised downward
November 23rd, 2011 - 11:41 am ICT by IANS
Washington, Nov 23 (IANS/EFE) US gross domestic product grew at an annual rate of 2 percent in the third quarter, the Commerce Department said Tuesday, revising its initial estimate that ... Read more...
Posted in Business |
US producer prices fall
November 16th, 2011 - 11:47 am ICT by IANS
Washington, Nov 16 (IANS/EFE) The US Producer Price Index dropped 0.3 percent last month after a rise of 0.8 percent in September, the US Labor Department said Tuesday.The figure for ... Read more...
Posted in Business |
US productivity up in third quarter
November 4th, 2011 - 11:41 am ICT by IANS
Washington, Nov 4 (IANS/EFE) Workers in the US boosted productivity by 3.1 percent in the third quarter as firms achieved a 2.4 percent reduction in per capita labour costs, authorities ... Read more...
Posted in Business |
US economy grew 2.5 percent in third quarter
October 28th, 2011 - 11:56 am ICT by IANS
Washington, Oct 28 (IANS/EFE) Spurred by robust consumer spending, US gross domestic product grew at an annualised rate of 2.5 percent in the third quarter, the Commerce Department said Thursday ... Read more...
Posted in Business |
Wall Street rallies on European summit hopes
October 27th, 2011 - 6:37 am ICT by IANS
New York, Oct 27 (IANS) Wall Street rose Wednesday, with the blue-chip Dow and the broader S&P; 500 up in four of last five sessions, as investors were expecting a ... Read more...
Posted in Business |
US retail sales up in September
October 16th, 2011 - 1:22 pm ICT by IANS
Washington, Oct 16 (IANS/EFE) US retail sales climbed 1.1 percent last month compared to August, the biggest monthly gain since February, the commerce department said.Spending on retail goods had risen ... Read more...
Posted in Business |
Wall Street ends worst quarter
October 1st, 2011 - 9:16 am ICT by IANS
New York, Oct 1 (IANS) US stocks tumbled Friday, ending the worst quarter in three years, as investors found few reasons to buy in the market amid gloomy economic outlook ... Read more...
Posted in Business |
US trade deficit shrank 13 percent in July
September 9th, 2011 - 1:04 pm ICT by IANS
Washington, Sep 9 (IANS/EFE) The US trade deficit in goods and services fell 13.1 percent in July to $44.8 billion, the Commerce Department said Thursday.Record exports and falling global oil ... Read more...
Posted in Uncategorized |
US factory orders rose in July
September 1st, 2011 - 12:21 pm ICT by IANS
Washington, Sep 1 (IANS/EFE) Factory orders increased 2.4 percent in July as US manufacturing had its best month since March, the Commerce Department said Wednesday.Economists had forecast a gain of ... Read more...
Posted in Business |
Consumer spending goes up in US
August 30th, 2011 - 12:01 pm ICT by IANS
Washington, Aug 30 (IANS/EFE) Consumer spending in the US rose 0.8 percent in July, the biggest increase in two years, the Commerce Department said Monday.July's gain helps offset the bad ... Read more...
Posted in Business |
US durable goods orders rose in July
August 25th, 2011 - 11:23 am ICT by IANS
Washington, Aug 25 (IANS/EFE) Durable goods orders in the US rose 4 percent in July after falling 1.3 percent the month before, the Commerce Department announced Wednesday.The increase was greater ... Read more...
Posted in Business |
US economy shows signs of further weakening
July 30th, 2011 - 12:42 pm ICT by IANS
Washington, July 30 (IANS/EFE) US gross domestic product grew at an annualised rate of 1.3 percent in the second quarter, the Commerce Department said Friday.While second-quarter GDP came in significantly ... Read more...
Posted in Business |
Wall Street posts biggest weekly loss in year
July 30th, 2011 - 5:23 am ICT by IANS
New York, July 30 (IANS) Wall Street ended the dismal week with the biggest decline in about a year as more evidences pointed to a much weaker economic recovery ... Read more...
Posted in Business |
US economy expands 1.3 percent in Q2
July 30th, 2011 - 2:37 am ICT by IANS
Washington, July 30 (IANS) The US economy slowed to an annual growth rate of 1.3 percent during the second quarter of 2011, falling short of market expectations of around 1.7 ... Read more...
Posted in Business |
US new homes sales decline in June
July 27th, 2011 - 11:56 am ICT by IANS
Washington, July 27 (IANS/EFE) Sales of new homes in the US fell 1 percent last month to an annualised rate of 312,000 units, the lowest level in three months, the ... Read more...
Posted in Business |
Rate of new home construction in US rises
July 20th, 2011 - 12:35 pm ICT by IANS
Washington, July 20 (IANS/EFE) The rate of new home construction in the US exceeded analysts' expectations and rose in June by 14.6 percent to an annualised rate of 629,000 units, ... Read more...
Posted in Business |
US trade deficit jumps 15 percent
July 13th, 2011 - 11:33 am ICT by IANS
Washington, July 13 (IANS/EFE) The US trade deficit increased by 15.1 percent in May to $50.2 billion, the highest level since October 2008, the Commerce Department said Tuesday.In April, the ... Read more...
Posted in Business |
