US consumer sentiment unexpectedly fell in February from an 11-year high amid worries over slowing economic growth, suggesting a recent weakness in spending might last for a while.
The ebb in sentiment came despite strong job gain
Low-cost carriers are flying high in Southeast Asia on the back of sharp growth in air travel, but as hundreds of new jets swarm into the region concerns are rising about its ability to absorb the record numbers of planes on order.
Price increases of up to 70 per cent on some food items could be resolved through bulk purchases by GCC states, according to a top government official.
The move is cost-effective as food prices are skyrocketing in world markets, said Indu
Jewellers across Asia rushed to buy gold on Thursday after prices tumbled more than $100 an ounce since spiking to a record above $1,000 an ounce this week, pushing up premiums in key bullion trading centres.
Gold fell more than two per ce
A survey of US consumers shows satisfaction with the products and services they buy improving just a little, but it also suggests their spending may remain weak.
The American Customer Satisfaction Index, the result of a quarterly survey by