Confidence among U.S. consumers unexpectedly declined in July to the lowest level this year as Americans grew more pessimistic about their finances.
The Thomson Reuters/University of Michigan index of consumer sentiment dropped to 72 this month from June’s 73.2 reading. The gauge was projected to rise to 73.5, according to a median forecast of 69 economists surveyed by Bloomberg News.
The weakest quarter of hiring by companies in two years along with stock market volatility tied to Europe’s debt crisis threaten to hold back the household spending that accounts for about 70 percent of the economy. Sales at retailers such as Hhgregg Inc. (HGG) may struggle as fewer consumers expect their incomes to increase.
Dolphin’s export gas compressor upgrade project commissioning
A major upgrade of Dolphin Energy’s export gas compressor at Ras Laffan will enable capacity increase to 3.2bn standard cubic feet a day (scf/d) from the current average rate of 2bn scf/d.
‘UAE’s sound economic policy pays off’
His Highness Shaikh Humaid bin Rashid Al Nuaimi, Member of Supreme Council and Ruler of Ajman, said on Wednesday that the sound economic policy adopted by the UAE, under the leadership of the Preside
KFH sponsors 12 graduation projects
Kuwait Finance House (KFH) took part in the 24th Engineering Design Expo for the College of Engineering and Petroleum at Kuwait University.
KFH sponsored several projects prepared by a gr
Emirates NBD launches $1 bn bond
Emirates NBD launched a $ 1 billion core capital-boosting bond yesterday, amid healthy
demand, allowing the Dubai lender to tighten earlier price guidance.
The Tier 1 bond launched at a f
Flydubai begins Salalah flights
Flydubai on Wednesday began flights to Salalah, in the Sultanate of Oman, bringing its operational network to 60 destinations.
The airline also launched flights to the Sri Lankan city of