US GDP growth figures falls short of predictions, raises tensions for economic recovery


  Economic growth in US got back into some speed lately in the first quarter, but it was not as expected. This elevated tensions as an already weakening economy is showing positive signals to cope-up with deep government spending cuts and higher taxes. The Gross domestic product figures expanded at a 2.5 percent annual rate,Continue reading “US GDP growth figures falls short of predictions, raises tensions for economic recovery”

US Unemployment rate fell in March but Jobs creation figures dismal


The unemployment rate in US fell to 7.6 percent in the month of March. However just 88,000 jobs were added. This is causing concern as experts are of the view that the economy is beginning to cool after witnessing some strong months in the past. Although, the Friday’s jobs report is due, economists are expectingContinue reading “US Unemployment rate fell in March but Jobs creation figures dismal”

Bond Purchases to be raised by Bank of Japan as Kuroda takes over control


The newly appointed Governor Haruhiko Kuroda has begun initiatives to end 15 years of deflation by doubling the quantity of monthly bond purchases to reach 2 percent inflation within two years. As Kuroda presided over his first meeting since swearing in the office last month, the board today rationalized its asset purchase programs and temporarilyContinue reading “Bond Purchases to be raised by Bank of Japan as Kuroda takes over control”

Wholesale prices in US increases 0.2% due to higher food prices


  Wholesale prices in US have risen after a period of four months making food and pharmaceuticals dearer. The increase of 0.2 percent in producer-price index was reported by the report of Labor Department in Washington. In the median estimate survey conducted by Bloomberg assigned 74 economists projected 0.3 percent increase. Core producer costs excludingContinue reading “Wholesale prices in US increases 0.2% due to higher food prices”

S&P 500 index continues to fall as US Congress working up the agreement to deal with fiscal cliff


The cues given by US stock futures suggest that Standard & Poor’s index will continue falling on straight sixth day in a row at a time when Congress is busy arriving at a budget agreement before the fiscal cliff comes into effect.   The S&P futures for March have risen 0.3 percent at 8:11 a.m.,Continue reading “S&P 500 index continues to fall as US Congress working up the agreement to deal with fiscal cliff”

Pakistan’s foreign exchange reserves drop to $13.5Bn


-The central bank of Pakistan has reported a fall in Pakistan’s foreign exchange reserves on Thursday which now stands at $13.50Bn on the week ending Nov 30 as against the $13.58Bn of reserves held by Pakistan in its preceding week. – Remittances from Pakistanis abroad have rose 15.04 per cent to $4.964 billion in fourContinue reading “Pakistan’s foreign exchange reserves drop to $13.5Bn”

Black Friday deals for which you don’t leave your home or wait in crowd


Nothing compares to Shopping if you are looking for an activity to do. Just think about the prospect that how would a buyer react if he is told that whatever he is picking off from the shelf is going to cost the least. Such is the enthusiasm behind a Black Friday Shopping Spree, it’s justContinue reading “Black Friday deals for which you don’t leave your home or wait in crowd”