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Encouraging news from across the globe kept investors bullish and major markets closed on a positive note for the week ended August 28, 2009. The US jobless claims fell by 10,000 to 570,000 for the week ended August 22, signaling improvement in the economy, while US Consumer Sentiment Index dipped marginally to 65.7 in August [...]
Global economies exhibited signs of recovery in recent weeks, as evidenced in the rally in stock markets across the globe since March 2009. The positive sentiment palpable in recent months manifested during the week ended June 12, 2009, with all leading macroeconomic indicators rising. U.S. retail sales rose 0.5 percent in May, the first such [...]
London, Thursday, March 05, 2009 ARANCA News Report (www.aranca.com) : In order to prioritise expenditure and retain flexibility to for large-scale infrastructure development, the Ministry of Finance of United Arab Emirates announced that it is revamping federal budget and aims to release them every three years. The first ever three-year budget would run from 2011 [...]
The construction sector in Jordan accounted for 4.4 percent of the GDP on average over the period 2002-2007. Moving forward, investments in Jordan’s real estate sector are expected to exceed JOD50.0 billion by the end of the year 2012.
London, Wednesday, January 14, 2009 ARANCA News Report (www.aranca.com) : Home-loan approvals rose by an unexpected 1.3 percent in November, from a revised 1.4 percent in October, the Australian Bureau of Statistics (ABS) announced today. Analysts tracking the sector were expecting a rise of 1 percent. The increase in home-loan approvals comes on the back of [...]
London, Tuesday, December 02, 2008 ARANCA News Report (www.aranca.com) : If the official arbiter of US economic growth, National Bureau of Economic Research (NBER) is to be believed, then the US economy has been in a recession since December 2007. While widely followed definitions of recession signify two consecutive quarters of negative growth, the NBER follows [...]
London, Monday, November 10, 2008 ARANCA News Report (www.aranca.com) :Dwindling exports and falling local demand forced China to announce a US$586 billion fiscal stimulus package to bolster a slowing economy. The Chinese government announced Sunday that it would ease credit conditions, slash taxes and invest in national infrastructure projects to boost demand in the home market. [...]
London, Monday, November 10, 2008 ARANCA News Report (www.aranca.com): The Reserve Bank of Australia cut its economic growth forecast for 2008 to 1.5% from 2% even as it hinted rate cuts to prop up domestic demand and to ease back inflation. The targets for 2009 and 2010 are 1.75% and 2.5%, respectively. The Bank hopes [...]
In 2006, Canada spent an estimated CAD148bn on health services. Health care spending accounted for 10.3% of the country’s GDP. Spending on hospitals was highest which amounted to CAD44bn followed by retail sales of drugs (CAD25bn) and physician services (CAD19bn). Source: Canada Institute for Health Information
London, Tuesday, February 19, 2008 ARANCA News Report (www.aranca.com) :Indonesia’s economy continued to grow at a healthy rate during the fourth quarter, government statistics reveal. The largest economy in South East Asia posted GDP growth of 6.25 per cent during the period from October to December, despite slowing activity in the global economy. ———- To [...]
