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.
Sectors
Oil consortium questions planned rescission of granted rights by Indian government
The oil consortium led by Essar oil is questioning a planned move to rescind an award over oil fields made seventeen years ago.
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.
Gulf markets hunker down as threat of military action against Syria becomes imminent
Many Gulf markets registered losses as the region prepares for the possible military action to punish the Syrian chemical attack on civilians.
Verizon and Vodafone's boards to study buyout proposal
The boards of Verizon and Vodafone would vote over the weekend on the proposed USD130 billion buyout.
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 secondary market for earlier smartphone models is growing at an exponential rate. In an announcement last Friday, Apple Inc had launched a trade-in program in its US retail stores for earlier models of its iconic iPhone.
Ironridge Global Partners LLC establishes China fund to invest in Chinese midcap companies or US firms doing business in China.
To better achieve business goals for their partners, the InfoTrust Group utilizes the goodwill and leverage the Flatirons Solutions name provides.
Russian Aviation companies signed deals amounting to more than USD 12 billion in the 2013 International Aviation and Space Salon (MAKS).
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.
Investment One Financial Services Ltd purchased the Nigeria International Growth Fund for an undisclosed amount.
