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Asian stocks gain on US retail data

Last Updated: Wednesday, January 15, 2014, 09:36

Asian shares made guarded gains on Wednesday as surprising strength in U.S. consumer spending reassured investors the recovery in the world`s largest economy had not been derailed, lifting the dollar and Wall Street.

US economy grew at robust 4.1% pace in third quarter

Last Updated: Saturday, December 21, 2013, 12:06

It was the strongest growth in the world's largest economy since the fourth quarter of 2011, when the pace hit 4.9 percent.

Gold prices hold ground ahead of Fed decision on stimulus

Last Updated: Wednesday, December 18, 2013, 09:57

Gold edged higher on Wednesday after the previous day`s slide, ahead of a key U.S. Federal Reserve decision on when to begin rolling back its massive monetary stimulus.

Gold edges lower for sixth session on Fed stimulus worries

Last Updated: Monday, November 04, 2013, 09:18

Gold eased for a sixth straight session on Monday to trade near two-week lows as renewed uncertainty over when the U.S. Federal Reserve will scale back its stimulus measures weighed on sentiment.

Gold eases despite Fed as investors take profits

Last Updated: Thursday, October 31, 2013, 09:47

Gold slipped on Thursday despite the U.S. Federal Reserve vowing to maintain its economic stimulus measures, with investors taking profits from a recent run-up in prices.

Gold falls on dollar rise, awaits Fed statement

Last Updated: Wednesday, October 30, 2013, 09:21

Gold fell on Tuesday, retreating from the previous session`s five-week high, as a dollar rise and encouraging U.S. consumer spending data prompted investors to take profits ahead of a policy decision by the U.S. Federal Reserve.

US consumer spending goes up

Last Updated: Saturday, September 28, 2013, 15:13

US personal consumption expenditure rose 0.3 percent in August, higher than the 0.2 percent growth pace in July, reported Xinhua citing the report issued Friday.

US economy grows slowly on consumer spending

Last Updated: Thursday, March 07, 2013, 13:09

Five districts reported that economic growth was moderate in January and early February, and five other districts reported that activity expanded at a modest pace, the Fed noted in its latest survey report, also known as the Beige Book, reported Xinhua.

Incomes in US up strong 0.5%, consumer spending flat

Last Updated: Monday, January 30, 2012, 22:52

Americans' income rose last month by the most in nine months, a hopeful sign for the US economy after a year of weak wage gains, though consumer spending was unchanged.

Consumer spending data allays recession worries

Last Updated: Tuesday, August 30, 2011, 09:25

Consumer spending rose at its fastest pace in five months in July, a further sign the economy is not falling back into recession, although manufacturing activity in Texas almost stalled this month.

US consumer spending down for first time in 2 years

Last Updated: Wednesday, August 03, 2011, 09:15

US consumer spending dropped in June for the first time in nearly two years and incomes barely rose, signs the economy lacked momentum as the second quarter drew to a close.