Search Results for: US economy
Global Markets: Stocks end solid week on cautious note
September 11th, 2015
Stocks stay on track for best week in eight Fed rate decision next week hangs in the balance “Quite a fragile time” – equity fund manager Global stocks around the world slipped into the red on Friday but remained ...
Accounting Tops List of Most Profitable Industries
September 10th, 2015
Accounting, tax preparation, bookkeeping, and payroll services – grouped together in one category – was the most profitable industry in the United States for the 12 months ending Aug. 27, according to a new report by financial information provider Sageworks. Accounting ...
Bank of Israel to cut VAT, corporate taxes to buoy economy
September 4th, 2015
Israel will cut corporate and value-added taxes to help boost economic growth after it collected more tax than expected in recent months, Prime Minister Benjamin Netanyahu said on Thursday. In a plan initiated by Finance Minister Moshe Kahlon, VAT ...
Nerves ahead of US jobs bring down Asian stocks
September 4th, 2015
Asian stocks declined on the final trading day of the week, as investors awaited the U.S. nonfarm payrolls report for August that may play a crucial role in the Federal Reserve‘s decision about when to lift interest rates. A ...
Russian GDP Down 3.6 Percent in First Seven Months
September 1st, 2015
Russian gross domestic product dropped by 3.6 percent in the first seven months of the year, compared to the same period last year, Russia’s Economic Development Ministry said in a report issued Friday. Drops in construction and investment remain the major negative factors affecting the Russian economy, the report ...
Qatari trade surplus falls in July due to oil and gas price volatility
August 31st, 2015
Qatar’s trade surplus fell last month, largely because of tumbling oil and gas prices. It dipped 1.4 per cent from June to 14.3 billion Qatari riyals (Dh14.4bn) and plunged 55.6 per cent from July last year, according to a government report ...
Shanghai Composite widens losses as US futures tank
August 31st, 2015
Mainland equities lost as much as 3.7 percent on Monday while Dow futures tanked more than 200 points on reports that Beijing may finally halt its controversial market intervention. A report by The Financial Times over the weekend said that Beijing will abandon large-scale share ...
China’s Economic Woes Jeopardize Putin’s Pipeline, Energy Trade Between Russia, China
August 28th, 2015
For the past decade, Russian President Vladimir Putin has been putting plans in place to free Russia from energy dependency on European markets with a series of projects that aim to capitalize on the economic clout of China. But ...
Japan reports inflation, household spending soften in July
August 28th, 2015
The backdrop to the wild drama in financial markets over the past few weeks is a less dramatic but more daunting reality: the deep-seated challenges for sustaining long-term growth, especially for aging economies like Japan’s. Japan released data Friday ...
US economic growth revised up sharply to 3.7%
August 27th, 2015
The US economy grew by far more than previously thought between April and June, revised figures have shown. The economy grew by an annualised rates of 3.7%, up from the first estimate of 2.3%. Growth of 0.6% in the ...
