Eurozone indicators and US trends point to a recovery in the global economy. Positive results from business surveys conducted in the Euro Zone as well as encouraging trends in the US all point to better prospects for the global economy.
Research
Moody's post positive review on Oman's Islamic banking sector
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.
Property expert calls out possible property market bubble burst in Dubai
propertyfinder.ae CEO and founder said that another property price bubble is in the making in Dubai.
Columnist ponders on the cause of joblessness in the US
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.
August sees increase of US Consumer Confidence- survey
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.
Latest News
The German private sector showed robust growth in August, according to Markit's PMI survey. The private sector in Germany showed signs of growth. A new survey conducted by financial information services company Markit revealed that the Purchasing Managers' Index (PMI) of Germany's private sector increased to 53.
Recent survey results conducted by Chinese economists feared that the local government loans will amount to future problems for the state.
Market research firm eMarketer projected mobile payments will top USD1 billion in the US for this year, and by 2017 would reach USD58 billion.
Forrester Research Inc said concerns regarding the Prism spy project of the US National Security Agency could cost US companies USD180 million worth of business in the IT service market.
Studies by financial analysts indicated that the banking sector is recovering and may regain top spot on S & P.
Retail company Macy's blamed shoppers' current spending habits for its second quarter sales.
Gartner confirmed the latest report from the International Data Corporation and said Android-based devices made up 79% of all the smartphones sold during 2013's second quarter.
MannKind Corp revealed that Afrezza proved to be effective in two late stage studies. MannKind Corp announced a major breakthrough in its diabetes therapy drug Afrezza.
Elon Musk recently announced a radical transport system on solar energy that will reduce travel time from San Francisco to Los Angeles to 30 minutes.
