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Data show US pulse still strong
Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 264,000, the lowest level since 2000, the Labour Department said on Thursday.
Modi names Arvind Subramanian as economic adviser
The presence of Subramanian, a senior fellow at the Peterson Institute for International Economics in Washington, will add intellectual heft to Modiís nationalist cabinet.
EU inflation hits 5-year low
With such a minimal cushion against deflation, calls on the European Central Bank to consider US-style bond-buying, or quantitative easing, are likely to intensify.
US retail sales, producer prices give cautionary signs on economy
US retail sales declined in September and prices paid by businesses also fell, worrisome signs that consumer demand may be faltering while inflation is failing to gain traction.
NBK net profit falls 15.6% in third quarter
National Bank of Kuwait (NBK), the Gulf Arab stateís largest commercial lender, reported a 15.6 per cent drop in third-quarter net profit on Wednesday.
Bank Dhofar posts 18% rise in earning
Omanís Bank Dhofar, which is talking with smaller rival Bank Sohar over a possible merger, reported an 18 per cent increase in third-quarter net profit on Wednesday that missed two analystsí forecasts.
HSBC Bank Oman Q3 net profit rises 9%
HSBC Bank Oman, Omanís fourth-largest lender by assets and an affiliate of HSBC Holdings, reported a nine per cent rise in third-quarter net profit on Wednesday.
Nawras profit jumps 36% as revenue rise
Nawras, Omanís No.2 telecom operator by subscribers, reported a 35.9 per cent rise in third-quarter profit on Wednesday as margins improved and revenue and its customer base increased.
Air berlin, Alitalia sign codeshare agreement
Air berlin and Alitalia, both soon to be part-owned by Etihad Airways, have agreed to cooperate on over 400 routes from later this month, hoping to boost ticket sales.
Brent falls to lowest since í10 as IEA cuts demand forecast
Brent crude fell to the lowest level in almost four years after the International Energy Agency (IEA) said oil demand will expand this year at the slowest pace since 2009.
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