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business investment

US economy grew 3% in second quarter: Commerce Dept

Washington - Arabs Today

The US economy grew at its fastest pace in more than two years in the second quarter, much faster than initially estimated, official data showed Wednesday. Hitting a White House growth target for the first time in Donald Trump's presidency, Gross Domestic Product (GDP) increased 3.0 percent in the April-June period, the Commerce Department reported. The figure was revised upRead more

US economy grows at tepid 1.2%; business spending softens

Washington - Arab Today

The US economy slowed less than initially thought in the first quarter but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending. Gross domestic product (GDP) increased at a 1.2 percent annual rate instead of the 0.7 percent pace reported last month, the Commerce Department said on FridayRead more

US business spending picking up

Washington - Arab Today

New orders for US-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. Manufacturing is recovering from a prolonged slump, driven by the energy sector, bucking a slowdown in the broader economy. The Federal Reserve last week described businessRead more

UK business investment hit by pressure for shareholder returns

London - Arab Today

Eight of every 10 publicly listed companies in Britain believe that the pressure to deliver short-term returns to shareholders has been an obstacle to their ability to invest, the Bank of England (BoE) said on Wednesday. In a survey into the country’s weak levels of business investment, the BoE also said one-third of companies felt that they had not pumpedRead more

Weak exports seen crimping US Q4 economic growth

Washington - Arab Today

US economic growth likely slowed in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but a healthy increase in consumer spending and rising business investment should underscore the economy’s underlying momentum. Gross domestic product (GDP) probably increased at a 2.2 percent annual rate after accelerating at a 3.5 percent pace in the third quarter, accordingRead more

British Chambers of Commerce nudges up 2017 growth forecast

London - Arab Today

The British Chambers of Commerce nudged up its forecast for economic growth next year but downgraded the outlook for 2018 due to inflation pressures and ongoing uncertainty as Britain prepares to leave the European Union, it said on Monday. The BCC modestly revised up its expectations for gross domestic product growth to 1.1 percent for 2017 from 1.0 percent afterRead more

UK Economy Grows by 0.5%

London - QNA

The UK economy grew by 0.5% in the third quarter, official figures have confirmed, helped by export growth and stronger consumer spending. In its second estimate of the health of the economy, the Office for National Statistics (ONS) also said business investment grew by more than expected. That was up 0.9% following the Brexit vote, against the second quarter, althoughRead more

British business investment robust after Brexit vote

London - Arab Today

British companies brushed off the uncertainty over Brexit in the three months after June’s referendum and increased their investment, helping to drive solid growth in the economy, official data showed. Business investment expanded at a quarterly rate of 0.9 percent in the three months to September, the Office for National Statistics said, beating expectations for a 0.6 percent rise inRead more

Japan's April-June Business Investment Up 3.1% on Year

Tokyo - QNA

Capital spending by Japanese companies increased 3.1% in the April to June period from a year earlier for the 13th straight quarterly rise, but a firming yen continued to hurt corporate profits, government data showed Thursday. Business investment by all non financial sectors for purposes such as building plants and introducing new equipment totaled 9.31 trillion yen about ($90Read more