Corporate corner

21 August, 2019 12:00 AM printer

Corporate corner

Boxes of shoes are stacked high for shoppers at a Costco store in Alhambra, California recently. American consumers spent far more than expected in July, as retail sales jumped on strong online purchases, according to government data released recently. The report gave a reassuring picture of the US consumer, a bedrock that has enabled the US economy to outperform other leading economies even as American manufacturing has weakened.

Container ships (bottom L and top R) are seen docked at the Kwai Tsing Container Terminals port facility in Hong Kong recently. Hong Kong shares edged lower after a choppy trading day on Tuesday, with investor sentiment buffeted by worries over global growth and concerns over political unrest in the city.

A woman buys food from a street vendor in Bangkok on Monday. Thailand's finance ministry cut its 2019 economic growth forecast to 3.0 percent from the 3.8 percent it projected in April, due to falling exports.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, US recently.

Janata Bank CEO and Managing Director Md Abdus Salam Azad speaks at a discussion on the occasion of the National Mourning Day at its head office in the capital recently.