Posts Tagged ‘growth’

Portugal revises growth forecast

LISBON: Portugal’s prime minister said Saturday he anticipated better-than-expected economic performance in 2011, but that the outlook for 2012 was gloomier than previously forecast, Dow Jones Newswires reported. View full post on Business Stories

British Chamber Of Commerce Forecasts 1.9 Percent Economic Expansion In 2011

AHN News Staff London, England, United Kingdom (AHN) – The British Chamber of Commerce forecast over the weekend a 1.9 percent economic expansion for the country in 2011. It is actually a downgrade from the chamber’s September prediction of a 2.2 percent gross domestic product growth rate. The BCC explained the less rosy outlook to [...]

Britain’s Budget Office Forecasts Inflation To Outpace Income Growth

AHN News Staff London, England, United Kingdom (AHN) – Britain’s Office for Budget Responsibility warned Monday that the country’s inflation rate would likely outpace income growth over the next two years. The OBR forecasts 2011 inflation rate at 2.8 percent, while average earnings will rise by only 2.2 percent. The higher Consumer Price Index outlook [...]

Car, Cigarette Sales Spur Surprise Economic Growth In Japan

Lawrence Mijares – AHN News Contributor Tokyo, Japan (AHN) – Japan has posted a surprising 0.9 percent in its gross domestic product for the third quarter of July to September, up from the previous 0.4 percent in the second quarter. The surge, reported Monday, was mainly attributable to consumer spending on “green” cars before the [...]

Obama Hails GDP Growth But Says More Yet To Be Done

President Barack Obama Friday said that the news that the U.S. economy grew by 2 percent over the past three months was encouraging. However, despite continued growth and slow gains in job creation, Obama, speaking at a small business in Maryland, said more is yet to be done. View full post on Business Stories

British PM launches growth and jobs strategy

LONDON: British Prime Minister David Cameron, fresh from unleashing the biggest public spending cuts in decades, vowed on Monday to help deliver private sector jobs and growth in a key speech to business chiefs. View full post on Business Stories

Nestle Reports Strong Nine-Month Sales

Kris Alingod – AHN News Contributor Vevey, Switzerland (AHN) – Nestle reported better-than-expected sales in the first nine months of the year on Friday and maintained its forecast for the full year. Sales from January through September grew to 82.8 billion Swiss francs ($85.2 billion), up 4.1 percent from 79.5 billion Swiss francs ($81.8 billion) [...]

Interest boosts Yes Bank profit by 58% to R176 cr

Led by robust growth in interest income, Yes Bank today reported a 58 per cent rise in net profit at R176 crore during the second quarter ended September 2010, against Rs 112 crore in the year-ago period. View full post on Business Stories

U.S. Retail Sales Rise 0.6 Percent In September

Linda Young – AHN News Writer Washington, DC, United States (AHN) – Retail sales rose 0.6 percent, to $367.7 billion, in September with motor vehicle sales accounting for much of the increase, according to the Commerce Department’s U.S. Census Bureau. In a statement released Friday, U.S. Commerce Secretary Gary Locke said that sales excluding motor [...]

‘Resilient’ Ackman back again

Hedge fund founder takes on General Growth and Fortune Brands When activist investor Bill Ackman makes his case, he unleashes facts so rapidly that a New York Times columnist calculated he once plowed through 145 PowerPoint slides in an hour. View full post on Business Stories