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- Saudi Aramco's Jafurah Gas Plant Begins Output with 450 Million Cubic Feet Per Day
- Bahrain Marina seals partnership deal with Batelco by Beyon
- Investcorp Capital acquires $400m industrial assets across US
- The British Embassy honors Gulf Bank for empowering people with disabilities
- Saudi flour company MC4 starts work on new production facility
- Alba celebrates major contributions of its female workforce
- H&H unveils new ultra-luxury destination in Jumeirah
- Top architect Frida Escobedo lands contract to design Qatar ministry HQ
- QSE edges lower on selling pressure in banks, consumer goods & insurance; M-cap adds QR2.13bn
- US, UAE Central Banks on track for final interest rate cut of 2025 next week
17/10/2010 00:00 AST
U.S. business inventories rose slightly more than expected in August, representing an eight consecutive monthly increase, official data revealed Friday.
The Commerce Department said that merchant stockpiles rose 0.6% in August, compared to expectations of a 0.4% increase. Still, the pace of the increase in inventories slowed from a revised gain of 1.1% in July.
A 3.0% gain in motor vehicles inventories showed new car lots were getting fresh arrivals.
Overall inventories were up 4.6% compared to August of last year.
Business sales posted only a modest gain of 0.1% in August, having lost momentum over the past few months. Still, sales were up 9.5% from the same month a year ago.
While dealers boosted their inventories of cars, sales were down 0.5%.
RTT News
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
04/12/2025
US President Donald Trump with Crown Prince Mohammed bin Salman of Saudi Arabia during an arrival ceremony at the White House in Washington, Nov. 18, 2025. So far, the president's energy strategy has
Khaleej Times
04/12/2025
Turkish inflation eased to 31.07% annually and 0.87% month-on-month in November, both below expectations due to food prices, official data showed on Monday, reinforcing expectations of another intere
Asharq Al Awsat
04/12/2025
Bitcoin's plunge below $85,000 this week has sent a shudder through global cryptocurrency markets, erasing billions in value and reigniting concerns over the sector's fragility.
The world's
Khaleej Times
03/12/2025
The Prada Group announced Tuesday that it has officially purchased Versace in a $1.37 billion deal. The move takes the fashion house known for bold, sensual silhouettes into a new ownership structure
Gulfnews
02/12/2025
Manufacturing was weak in Europe and Asia's biggest economies in November, business surveys showed on Monday, as subdued domestic demand and tariff uncertainties weighed. The eurozone, China and Jap
Reuters
Financial Information Co.
Saudi Arabia