sex hikayeleri interior desing escort fethiye escort denizli porno hikaye kredi kartı borç sorgulama sitesi yayında ziraatbank borç sorgulama
INTERNATIONAL BUSINESS NEWS
July 22, 2012 12:00:00 AM
  Follow @ Twitter

Stock markets managed to paddle aside a stream of negative news this week, riding a tidal wave of earnings to modest gains.

The Dow Jones Industrial Average finished the week up 0.4 percent to 12,822.57 points.

The week was dominated by gloomy prescriptions about the state of the US and global economy.

The International Monetary Fund trimmed its global growth forecast for the rest of the year, citing "signs of further weakness."

Federal Reserve chief Ben Bernanke gave a dark assessment of the economy but said the Fed would act if the situation gets worse, lending some support to equities.

"Despite no hint of easing, Bernanke did reiterate that the Federal Reserve was prepared to react should the economy deteriorate further," said analysts at Wells Fargo Advisors.

The data did not help improve sentiment.


US retail sales fell by 0.5 percent last month, the Commerce Department reported. Most analysts estimated they climbed 0.2 percent.

US jobless claims rose almost 10 percent from the previous week adding to fears that unemployment will remain stubbornly above eight percent for a while longer.

The National Association of Realtors reported sales of existing, or previously occupied, homes fell 5.4 percent in June from May, instead of an expected rise.

But company news, particularly the tech sector, provided a modest boost for markets.

AFP

Bad Blood


PREVIOUS STORY
Online woes spark first Microsoft loss ever
NEXT STORY
Facebook acquires mobile app maker Acrylic

Bookmark and Share
   




FIJI NEWS
Govt committed to develop Nausori furtherThe Fijian Government will continue in its efforts to develop the township of Nausori further allow the central town to play a more vital role in Fiji's socio economic development, says Local Government Minister, Parveen Kumar Bala.
BUSINESS
Fiji Airways further repays $20m to FNPFFiji's national carrier- Fiji Airways today made a further lump sum repayment of FJD $20m on its loan facility to the Fiji National Provident Fund.
TECHNOLOGY
Online registration for foreign investorsFiji will soon launch online registration and approvals system for foreign investors.
ENTERTAINMENT
Keith Richards Crosseyed Heart out Sept 18Keith Richards will release his eagerly anticipated Crosseyed Heart, his third solo album and his first in over 20 years, September 18.
SPORTS
Ba beats Nadroga, stays in huntBa had to fight tooth and nail to overcome a young and spirited Nadroga outfit 1-0 and register its first win of the 2015 INKK Mobile Battle Of Giants at Ratu Cakobau Park in Nausori today.
WORLD
Pope prays for peace in Syria, KoreaPope Francis prayed for a "political solution" in Syria and for "reconciliation" on the Korean peninsula in his first Easter Sunday message in front of a crowd in St Peter's Square.
NEWS SPORTS INFOTAINMENT MOBILE HOT TOPICS FOLLOW US ON