week intraday highs. Declines in commodities pressured European stocks to turn lower Monday, remaining more than 15 percent below their 52-week highs.
Helping U.S. stocks stabilize overnight was news the People's Bank of China raised the midpoint (...)
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Shahd Alhamdan
Saudi Gazette
General Motors succeeded in grabbing the attention of people by showcasing a total of nine new Cadillac's car models for the public at the Dubai (...)
spending component of gross domestic product (GDP).
Economists closely watch the retail-sales report because it provides the first indication each month on consumer spending, which accounts for 70 percent of U.S. economic activity. Retail sales (...)
term growth," Conference Board economist Ataman Ozyildirim said in a statement.
"However, easing in the LEI's six-month change suggests that we may be entering a period of more moderate expansion. With the February increase, the LEI remains in (...)
oil GDP is estimated to grow by (8.21) percent, whereas the non-oil public and private sectors are estimated to grow by (6.06) and (9,11) percent, respectively, and the oil sector is estimated to decline by (7.17) percent.
He added that In FY (...)
20 economies in recent years, and has supported the global economy through its stabilizing role in the global oil market.
The executives hailed the strong economic performance of the kingdom, which is based on strong basics. Positive growth (...)
oil sectors are estimated to grow by (3.66) and (5.7) percent, respectively. All components of non-oil GDP recorded positive and healthy growth in FY 1435/1436 (2014(. Non-oil industrial sector is estimated to grow by (6.54) percent; construction by (...)
quarter profit. Both income and revenue beat Wall Street's expectations. The lender got a boost from improving results in its Citi Holdings unit, which is selling off assets such as mortgages that soured in the financial crisis. Citi's shares surged (...)
city roads, bridges, and rain drainage and control systems. It also includes other environment-related projects.
The budget also includes appropriations for studies and design of public transport projects in Makkah and Riyadh.
Infrastructure and (...)
based companies intend to hire more local talents, the latest poll conducted by a leading Middle East job site Bayt.com revealed Monday.
However, 47.5 percent said the search for local talent is surprisingly proving to be difficult
Across the (...)
buyback program. Boeing shares rose nearly 1 percent after the aerospace giant reported a 13 percent increase in first-quarter profit. The broader S&P 500 index rose 8.42, or 0.6 percent, to 1,355.66.
The technology-heavy Nasdaq composite index (...)
quarter earnings and raised its quarterly dividend.
The U.S. dollar fell versus the euro and the yen. Light sweet crude oil for June delivery rose 84 cents to $112.29 a barrel on the New York Mercantile Exchange. Gold futures rose $4.90 to (...)
Laborers install steel beams at a new high-rise apartment building under construction in Taguig, Metro Manila, Thursday. The Philippine economy grew 7.3 percent last year, its fastest rate in more than three decades, supported by strong consumption (...)
month U.S. government investigation found no electronic flaws in the automaker's safety systems. The company also issued an optimistic financial forecast with three months remaining in its fiscal year.
The Dow Jones industrial average rose 71.52, (...)
than-expected quarterly profit and sales.
The technology-heavy Nasdaq composite index rose 4.32, or 0.2 percent, to 2,753.88, helped by strength in retail stocks. Sears Holdings and Ross Stores were among the index's big gainers, with shares rising (...)
quarter income of $6.6 billion on sales of $20 billion. The technology giant reported financial results that beat analysts' estimates while shares ended flat.
The U.S. dollar fell against the euro but gained against the yen. Light sweet crude oil (...)
quarter profits to $4.8 billion, beating analyst expectations. However, the investment bank also increased its reserve for mortgage-related legal expenses for the second straight quarter.
The Dow Jones industrial average rose 55.48, or 0.5 percent, (...)
city roads, bridges, and road lights, which should help ease traffic bottlenecks. It also includes other environment-related projects.
Transportation and telecommunication:
a.Total expenditure amounts to SR 25.2 (US $6.7) billions, an increase (...)
than-expected profits and revenue. The broader S&P 500 index rose 1.04, or 0.1 percent, to 1,243.91.
The technology-heavy Nasdaq composite index rose 5.66, or 0.2 percent, to 2,642.97. Shares of Research In Motion (RIM) rose 2 percent after the (...)
a larger increase than the 0.2 expected.
The U.S. dollar gained against the euro and the yen. Light sweet crude oil for January delivery fell 33 cents to $88.28 a barrel on the New York Mercantile Exchange. Gold futures rose $6.30 to $1,404.30 an (...)
Jasser noted that it is important to refer to some significant international reports, including the Executive Council of the World Bank's evaluation of economic developments in the Kingdom, which said the Saudi economy was prepared to deal with the (...)
now in its seventh week-failed. BP stock has lost more than one-third of its value since the spill, the worst such disaster in U.S. history.
The U.S. dollar gained 0.5 percent versus the euro, after earlier rising to a four-year high, and fell 0.3 (...)
Stocks are set to resume their slide Monday as investors remain jittery about the strength of Europe's financial stability. Futures are sharply lower.
The expected drop at the open comes after a tumultuous week that saw major US indexes post their (...)
to get someone into trouble - introduced in the episode called “I'm With Cupid” where Kent Brockman reads a story about how Apu is giving his wife extravagant presents for Valentine's Day, and the rest of the town's wives are annoyed at their (...)
Saudi government's recent announcement of increased spending in the country's health care is attracting growing number of international exhibitors to participate in the Saudi Medicare 2010 to be held at Riyadh International Exhibition Center from (...)