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US retail sales, labour market data paint upbeat scenario

19 Apr 2019

US retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.

Dubai’s non-oil private sector growth accelerates

09 May 2019

Overall business conditions in Dubai’s non-oil private sector economy improved at the fastest rate in over four years in April. This mainly reflected the trend in new business, as employment was broadly unchanged during the month. Notably, business conditions in the wholesale & retail sector

‘Pak economy will be strong if operational costs at ports reduce’

09 May 2019

Well renowned personality of Maritime Sector Chairman Pakistan Ship’s Agents Association (PSAA), Vice President Pakistan Stevedores Conference Ltd (PSCL), and Former Vice President Federation of Pakistan Chambers of Commerce & amp; Industry (FPCCI) Tariq Haleem says that the Pakistani nation,

Japan’s economy shrinks on weak domestic demand, exports in Q1

10 May 2019

Japan’s economy contracted slightly in the first quarter as corporate and consumer spending weakened, a Reuters poll showed on Friday. Exports also deteriorated amid trade disputes and weaker global demand, hurting the trade-reliant economy. Gross domestic product (GDP) is expected to have fallen 0.2% in January-March on an annualised basis,

Startups target banks’ business customers in forex payment drive

15 May 2019

Revolut and TransferWise are signing up thousands of small businesses a month for foreign exchange (forex) payments, touting slicker service and lower fees as they try to take on banks in a sector with flows of $7 trillion a year.

China’s retail sales growth falls to 16-year low on trade war risks

15 May 2019

Beijing: China on Wednesday reported surprisingly weaker growth in retail sales and industrial output for April, adding pressure on Beijing to roll out more stimulus as the trade war with the United States escalates.

Egypt’s unemployment rate drops to 8.1 per cent in Q1

15 May 2019

Egypt’s unemployment rate dropped to 8.1 per cent in the first quarter of 2019 from 10.6 per cent in same period the previous year, state statistics agency CAPMAS said on Wednesday.

Global stocks’ bounce fades on grim China data, Italy woes

15 May 2019

A global equity bounce stemming from softer rhetoric by US President Donald Trump on the trade dispute with Beijing waned on Wednesday as grim China data and fresh Italian debt woes cast a shadow over global markets.

‘First ray of hope’ as German Q1 economy returns to growth

16 May 2019

Germany’s spluttering economy returned to growth in the first quarter as consumers spent more freely and construction activity picked up, but the government said the outlook remained clouded by trade disputes. Gross domestic product (GDP) rose 0.4% quarter-on-quarter,

China’s solid home price growth faces bubble, trade war risks

16 May 2019

New home prices in China grew at a solid pace in April as Beijing sought to boost economic activity in the face of an escalating trade war with the United States, though potential bubble risks may prompt some cities to tighten policies. Beijing has repeatedly called on local provincial governments to take more responsibility

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