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Economic Buzz: US Leading Economic Index Climbs In March

US leading economic index climbed by 0.4 percent in March after inching up by a revised 0.1 percent in February, a report released by the Conference Board on Thursday showed. The slightly bigger than expected increase by the leading economic index reflected positive contributions from eight of the ten indicators that make up the index. […]

Economic Buzz: US Retail Sales Spikes In March

US retail sales soared by 1.6 percent in March after dipping by 0.2 percent in February, the Commerce Department revealed in a report released on Thursday. The stronger than expected retail sales growth was partly due to a jump in sales by motor vehicle and parts dealers, which skyrocketed by 3.1 percent in March after […]

Economic Buzz: US Business Inventories Up 0.3% In February

US business inventories rose by 0.3 percent in February after jumping by an upwardly revised 0.9 percent in January, according to a report released by the Commerce Department on Thursday. Manufacturing and retail inventories both rose by 0.3 percent during the month, while wholesale inventories edged up by 0.2 percent in February after surging up […]

Economic Buzz: Japan Overall Inflation Up 0.5% On Year In March

Japan overall nationwide consumer prices were up 0.5 percent on year in March, the ministry of Internal Affairs and Communications said on Friday, up from 0.2 percent in February. Core consumer prices were up 0.8 percent on year, which would have been unchanged from the previous month. Individually, prices for fuel, furniture, medical care and […]

Oil rally stalls as growth worries vex markets

LONDON: Oil’s rally stalled after six straight weekly gains as unnerving economic reports from Europe stoked investor concerns. Futures hovered just below $ 64 a barrel in New York on Thursday and were down 0.4% for the holiday-shortened week. A surprise drop in a key gauge of private-sector activity in the euro-area fanned economic growth […]