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- Closing Bell: Saudi main index closes in green at 12,025
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17/10/2010 00:00 AST
U.S. business inventories rose slightly more than expected in August, representing an eight consecutive monthly increase, official data revealed Friday.
The Commerce Department said that merchant stockpiles rose 0.6% in August, compared to expectations of a 0.4% increase. Still, the pace of the increase in inventories slowed from a revised gain of 1.1% in July.
A 3.0% gain in motor vehicles inventories showed new car lots were getting fresh arrivals.
Overall inventories were up 4.6% compared to August of last year.
Business sales posted only a modest gain of 0.1% in August, having lost momentum over the past few months. Still, sales were up 9.5% from the same month a year ago.
While dealers boosted their inventories of cars, sales were down 0.5%.
RTT News
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
27/03/2025
President Donald Trump signed a proclamation to implement a 25 per cent tariff on auto imports, expanding a trade war designed to bring more manufacturing jobs to the US and setting the stage for an
Bloomberg
26/03/2025
Oil prices were little changed on Tuesday as markets weighed the impact of newly announced US tariffs on countries that buy Venezuelan oil and the uncertain outlook for global demand.
Brent
Reuters
25/03/2025
Global energy demand saw an above-average annual rise of 2.2 percent in 2024, fueled by rising electricity consumption and growth in emerging economies, according to a new report.
Analysis b
Arab News
24/03/2025
Global economic growth is expected to average around 3.1 percent in the next five years, below the pre-pandemic level of 3.7 percent, according to an International Monetary Fund official.
Sp
Arab News
24/03/2025
Global borrowing hit a record $25 trillion in 2024, a $10 trillion surge from pre-pandemic levels, sparking concerns over sustainability, a new report showed.
The Organization for Economic C
Arab News
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