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US consumer spending probably rose in August
Consumer spending probably rose in August for a fourth consecutive month as demand for autos reached an almost six-year high, economists said before reports this week.
Indian shares gain nearly 1%
Indian shares rose nearly one per cent on Wednesday to mark their second straight day of gains on continued foreign inflows, while stocks perceived as defensive gained ahead of the conclusion of the US Federal Reserve meeting later in the day.
UAE inflation at 1.3% in Aug
For the third month in row the UAE consumer prices remained at 1.3 per cent year-on-year in August, the National Bureau of Statistics on Tuesday.
US consumer prices muted, but rentals rise
US consumer prices barely rose in August as the cost of energy fell, but an increase in rents and medical care costs pointed to stabilization in underlying inflation that could allow the Federal Reserve to start trimming its bond purchases.
Most Indian stocks hit by 6-month high inflation
Most Indian stocks dropped after inflation unexpectedly quickened to a six-month high, stoking concern the central bank may maintain liquidity-tightening measures at its policy meeting this week.
Abu Dhabi inflation stands firm at 1%
Abu Dhabi Inflation stood firm at one per cent during the first eight months of 2013 compared with the same period in 2012, according to a report.
US jobless claims fall sharply
The number of new US jobless claims fell sharply last week but much of the decline appeared due to technical problems in claims processing, clouding the last major reading of labour market health before the Federal Reserve meets to consider reducing its stimulus for the economy.
India industrial output increases 2.6% in July
Indian industrial production unexpectedly rose in July, bolstering new central bank Governor Raghuram Rajanís fight against a slumping rupee and slowing economic growth.
Equities remain mixed, cautious on Syria
Middle East were mixed on Wednesday as some investors opted to lock in gains from the previous dayís surge due to uncertainty over what action the United States might take against Syria.
Dubai equities soar 8.5%
Dubaiís benchmark index jumped 8.5 per cent to finish at 2,522 points in its largest one-day gain since December 2009 in the wake of positive signals that a much-feared attack on Syria could be now averted.
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