Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.
Industry
CBS reaches agreement with Time Warner to end blackout
CBS Corp and Time Warner Cable had reached an agreement to end a month long cable blackout of some shows in New York, Dallas and Los Angeles.
Vodafone to return USD84 billion to investors after completed deal
After completion of the Vodafone-Verizon USD130 billion deal, Vodafone would return a hefty USD84 billion in cash and shares to its investors.
Mining and industry would suffer unless structural changes are undertaken
The mining industry would suffer further degrowth without changes in policy and structure. Many experts have called out to the government that the mining and quarrying industry would most likely suffer more as it contracts by 2.
Haj pilgrims and airlines meet new guidelines for travel to Saudi Arabia
The Saudi Arabian government has cut down the number of pilgrims allowed to Mecca by requiring bonds for ferrying airlines because of ongoing expansion and construction at Islam's holiest mosque.
Latest News
Survey indicates a drop in US consumer sentiment after a six month high. After a six year high, consumer sentiment in the United States fell in August despite being upbeat in their outlook in the early part of the month.
The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.
Moody's the ratings agency said that the Islamic banking sector of Oman would grow between six and eight percent in the next five years.
An increasing number of GCC firms have relied on their lawyers for expertise in undertaking IPO transactions.
The Japanese government got the approval of a special panel to raise the national sales tax by 2014.
Proposals to overhaul the US tax system could eliminate the billions of dollars in tax breaks enjoyed by corporations.
propertyfinder.ae CEO and founder said that another property price bubble is in the making in Dubai.
Reuters columnist Allison Schrager dissects the cause of unemployment in the US. Is the cause of unemployment in the US structural or cyclical? This was the question that Reuters columnist Allison Schrager attempted to answer in her column.
The Consumer Confidence Index of the US in August increased. The Conference Board, an independent business membership and research group, revealed that consumer confidence in the US increased in August.
