22/04/2012 10:08 AST

The biggest gain in consumer spending in a year probably helped the U.S. economy keep expanding in the first quarter even as fuel costs climbed, economists said before a report this week.

Gross domestic product, the value of all goods and services the nation produced, rose at a 2.5 percent annual rate after advancing 3 percent in the previous three months, according to the median forecast of 72 economists surveyed by Bloomberg News before the Commerce Department’s April 27 release. Consumer purchases that account for about 70 percent of the economy climbed by the most since the end of 2010, the survey showed.

For more on this Click Here


Bloomberg

Ticker Price Volume
QNBK 122.00 272,559
BURUJ 32.10 51,259
SABIC 98.30 925,069
WALAA 28.00 39,958
ALMARAI 56.30 153,483
EEC 14.00 597,899
STC 66.90 28,140
Index Closing Change
NIKKEI 225 21,696.65 239.01 (1.11%)
DAX 13,003.14 11.86 (0.09%)
S&P 500 2,564.98 -10.23 (-0.39%)
EU targets German carmakers in new antitrust raids

24/10/2017

A series of raids by EU antitrust regulators against German carmakers struck a new blow Monday to one of the most important sectors of the economy which has already been hit by a string of other sca

Gulfnews

China economy on track to hit official 2017 growth target

22/10/2017

China’s economy is on track to meet the official growth target for 2017, the head of the state planning agency said on Saturday.

“We expect to achieve the full-year growth target of about 6

Oman Daily Observer

Global IT spending to reach $3.7trn

22/10/2017

Range from technologies that enhance the digital workplace, such as workstream collaboration, workforce analytics and video message-oriented middleware (MOM), to security (endpoint detection and res

Saudi Gazette

Hong Kong stocks advance after biggest tumble this year

21/10/2017

Hong Kong stocks rose, led by a rebound in shares that had driven a slump on Thursday.

The Hang Seng Index advanced 1% as of 08:26 as Industrial & Commercial Bank of China and Ping An Insu

FIN24

Brazil stocks higher at close of trade; Bovespa up 0.14%

21/10/2017

Brazil stocks were higher after the close on Friday, as gains in the Basic Materials, Financials and Public Utilities sectors led shares higher.

At the close in Sao Paulo, the Bovespa rose 0

Reuters