Consumer Spending News
-
U.K. inflation accelerated more than economists forecast in May as a record jump in air fares for the month helped extend its persistence above the Bank of England’s 2 percent target.
-
Chow Tai Fook Jewellery Group Ltd., the world’s largest listed jewelry chain, reported a 13 percent decline in profit on higher costs and weaker consumer spending.
-
More than $500 billion wiped off the value of U.S. stocks is providing opportunities for investors who remember that equities tend to rise when the Federal Reserve begins reducing efforts to stimulate the economy.
-
Treasuries rose, breaking the longest streak of weekly losses since 2009, amid skepticism the Federal Reserve is about to slow its bond-buying program designed to hold down borrowing costs and spur the economy.
-
Guinness Nigeria Plc, the West African nation’s second-largest brewer, said consumer spending will probably improve closer to 2015 elections as the government pumps cash into the economy.
-
Indian inflation slowed to a 43- month low in May, a moderation that may fail to spur another interest-rate cut by the central bank as a plunge in the rupee threatens to fan price pressures.
-
Slumping stock markets are threatening to disrupt as much as $10 billion of initial public offerings across Asia, as companies from Suntory Holdings Ltd. to Macau Legend Development Ltd. prepare listings.
-
U.K. stocks were little changed, recovering from the lowest level in almost two months, as shares of mining companies advanced and U.S. retail sales topped economists’ forecasts.
-
Sales at U.S. retailers rose more than forecast in May, and firings waned last week, indicating consumers will help propel the world’s largest economy past a second-quarter slowdown.
-
Home Retail Group Plc said it expects consumer spending to remain “subdued” this year after sales slowed at the Argos catalog chain and higher promotions at Homebase led it to cut profitability outlook for the unit.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page