US petroleum demand falls
July 21st, 2012 - 2:01 pm ICT by IANS
Washington, July 21 (IANS) The overall petroleum demand in the US slipped again in June after edging up in May -- the only month witnessing year-on-year monthly increase in the ... Read more...
Posted in Business |
South Korea’s retail sales retreat
July 19th, 2012 - 2:58 pm ICT by IANS
Seoul, July 19 (IANS) Sales at South Korea's major discount outlets and department stores retreated last month due to weak demand for groceries and clothes, a government report showed Thursday.Total ... Read more...
Posted in Business |
US economy grows at modest pace
July 19th, 2012 - 1:45 pm ICT by IANS
Washington, July 19 (IANS) The US economy expanded at a "modest to moderate pace" in June and early July, but the employment situation only improved at a "tepid" pace, the ... Read more...
Posted in Business |
US retail sales down 0.2 percent
June 13th, 2012 - 10:58 pm ICT by IANS
Washington, June 13 (IANS) US retail and food services sales decreased 0.2 percent in May, the Commerce Department said Wednesday.The department said the combined retail and food services sales in ... Read more...
Posted in Business |
US stocks mixed on disappointing data
June 13th, 2012 - 10:51 pm ICT by IANS
New York, June 13 (IANS) US stocks opened mixed Wednesday on negative data, although more and more investors believe that a new round of quantitative easing will come.On the economic ... Read more...
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Electrolux licences Morf India to market Kelvinator purifiers
June 4th, 2012 - 8:21 pm ICT by IANS
Chennai, June 4 (IANS) Armed with a global brand to market, city-based Morf India targets to market 40,000 units of its Kelvinator Ayoni water purifiers in India this fiscal, ... Read more...
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China’s catering sales booming
May 29th, 2012 - 2:17 pm ICT by IANS
Beijing, May 29 (IANS) The annual sales of China's catering industry is expected to reach 3.7 trillion yuan ($587 billion) by 2015.Chinese Vice Minister of Commerce Jiang Zengwei said this ... Read more...
Posted in World |
South Korean economic indicators weaken
May 8th, 2012 - 4:14 pm ICT by IANS
Seoul, May 8 (IANS) South Korean economy continued to see employment improve, but economic indicators weakened amid slowing consumer price inflation, the finance ministry said Tuesday."Our economy saw employment maintain ... Read more...
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China’s Q1 retail sales up
April 13th, 2012 - 1:43 pm ICT by IANS
Beijing, April 13 (IANS) China's retail sales grew 14.8 percent year-on-year to 4.93 trillion yuan ($770 billion) in the first quarter of this year, according to figures released by the ... Read more...
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Japan’s core composite economic index up
April 6th, 2012 - 3:22 pm ICT by IANS
Tokyo, April 6 (IANS) Japan's key composite economic index jumped 1.0 point in February, marking the first increase in two months, the government said Friday.The umbrella coincident indicators, including readings ... Read more...
Posted in Business |
E-commerce to make even bigger gains
March 28th, 2012 - 4:12 pm ICT by IANS
Beijing, March 28 (IANS) China aims to double the value of its e-commerce sales to 18 trillion yuan ($2.86 trillion) by the end of 2015, which would make it the ... Read more...
Posted in World |
US retail sales go up
March 14th, 2012 - 11:49 am ICT by IANS
Washington, March 14 (IANS/EFE) Sales at US retail outlets increased by 1.1 percent in February to an annualized volume of $407.8 billion, the highest in five years, the Department of ... Read more...
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Oil rises on positive data
March 14th, 2012 - 8:08 am ICT by IANS
New York, March 14 (IANS) Crude prices rose Tuesday as retail data came in positive and the Federal Reserve described the US economy as "expanding moderately".The Commerce Department said US ... Read more...
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China posts biggest trade deficit in decade
March 11th, 2012 - 11:18 am ICT by IANS
Beijing, March 11 (IANS) China has posted a trade deficit of $31.5 billion last month, the biggest in at least a decade as imports increased faster than exports.Exports expanded by ... Read more...
Posted in Business |
Eurozone’s retail sales up
March 6th, 2012 - 12:51 pm ICT by IANS
Brussels, March 6 (IANS) Retail sales in the eurozone edged up 0.3 percent in January this year compared with the previous month, said Eurostat, the statistics office of the European ... Read more...
Posted in Business |
China works on new consumption-stimulating policies
March 2nd, 2012 - 3:33 pm ICT by IANS
Beijing, March 2 (IANS) Chinese authorities are drafting new policies to spur domestic consumption, an official said Friday.
Former assistant minister of commerce Huang Hai didn't reveal any detailed policies, ... Read more...
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US stocks higher on positive economic data
March 2nd, 2012 - 12:40 am ICT by IANS
New York, March 1 (IANS) US stocks traded higher Thursday after the latest economic data affirmed the US economy is picking up, Xinhua reported.The labor department said the number of ... Read more...
Posted in Uncategorized |
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 |
`South Korean economic indicators weakening’
February 7th, 2012 - 3:03 pm ICT by IANS
Seoul, Feb 7 (IANS) The employment scenario in South Kore continues to improve, but other economic indicators have weakened amid persistent inflation, the finance ministry said Tuesday."Our economy saw employment ... Read more...
Posted in Business |
Britain’s retail sales fall in January
January 27th, 2012 - 2:06 pm ICT by IANS
London, Jan 27 (IANS) Britain's retail sales fell in January as shoppers reined in spending, a survey showed.
According to the latest monthly survey report issued Thursday by the Confederation ... Read more...
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South Korea’s central bank leaves key rate unchanged
January 13th, 2012 - 3:33 pm ICT by IANS
Seoul, Jan 13 (IANS) The Bank of Korea (BOK) left its benchmark interest rate unchanged at 3.25 percent Friday, keeping its rate freeze stance for a seventh straight month due ... Read more...
Posted in Business |
US retail sales up in December
January 13th, 2012 - 6:46 am ICT by IANS
Washington, Jan 13 (IANS) US retail and food sales rose slightly in December, marking the weakest monthly increase in seven months, the Commerce Department said Thursday.It said the combined retail ... Read more...
Posted in Business |
US stocks end higher amid European optimism (Lead)
January 13th, 2012 - 6:03 am ICT by IANS
New York, Jan 13 (IANS) US stocks ended higher Thursday as news from the Europe helped lift the market despite weak US economic data, reports Xinhua.The Dow Jones industrial average ... Read more...
Posted in Business |
US stocks mixed amid tepid data
January 13th, 2012 - 2:42 am ICT by IANS
New York, Jan 13 (IANS) US stocks traded mixed Thursday as US economic data worried investors, but news from Europe provided support.The US Commerce Department said total retail sales increased ... Read more...
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China’s foreign trade to top $4.8 trillion in 2015
January 4th, 2012 - 9:48 pm ICT by IANS
Beijing, Jan 4 (IANS) China's foreign trade will expand at an annual rate of 10 percent to reach $4.8 trillion by 2015, the commerce ministry said Wednesday.The volume of China's ... 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 |
South Korea’s economic growth revised up in Q3
December 6th, 2011 - 2:25 pm ICT by IANS
Seoul, Dec 6 (IANS) South Korea's economic growth was revised up to 0.8 percent in the third quarter due to brisk exports and rising government expenditures, the central bank said ... Read more...
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Hero MotoCorp’s November sales up 27.4 percent
December 1st, 2011 - 7:21 pm ICT by IANS
New Delhi, Dec 1 (IANS) Two-wheeler major Hero MotoCorp Thursday reported a sales growth of 27.4 percent in November which stood at 536,772 units as against 421,366 units sold in ... Read more...
Posted in Business |
South Korea’s industrial output shrinks in October
November 30th, 2011 - 2:10 pm ICT by IANS
Seoul, Nov 30 (IANS) South Korea's industrial output contracted last month amid lingering uncertainties surrounding Europe's debt crisis and the possible global economic slowdown, a government report showed Wednesday.Output in ... Read more...
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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...
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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...
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China’s retail sales up in October
November 9th, 2011 - 1:58 pm ICT by IANS
Beijing, Nov 9 (IANS) China's retail sales jumped 17.2 percent year-on-year to reach 1.65 trillion yuan (about $260 billion) in October, the National Bureau of Statistics (NBS) said Wednesday.After deducting ... Read more...
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Hero MotoCorp’s October sales up 1.32 percent
November 1st, 2011 - 7:24 pm ICT by IANS
New Delhi, Nov 1 (IANS) Two-wheeler major Hero MotoCorp Tuesday reported a marginal increase of 1.32 percent in its sales for October at 512,238 units from 505,553 units sold in ... Read more...
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China’s Q3 GDP grows at slowest pace in two years
October 18th, 2011 - 2:09 pm ICT by IANS
Beijing, Oct 18 (IANS) China's GDP expanded 9.1 percent year-on-year in the third quarter of the year, the slowest pace since the third quarter of 2009.
The growth rate was down ... 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...
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