KAMPALA (Reuters) - The Ugandan shilling was unchanged against the dollar on Friday but traders said they expected it to weaken once more active trading resumed next year.
At 1238 GMT commercial banks in Kampala quoted the currency of east Africa's third-largest economy at 2,645/2,655, unchanged from Thursday's close.
"The market is pretty flat because (dollar) demand is not there but going into 2013...
Instant View: November personal income, durable goods up
Labels: BusinessNEW YORK (Reuters) - Consumer spending rose in November by the most in three years as incomes climbed, suggesting fourth-quarter economic growth might be stronger than currently expected.
The Commerce Department said on Friday inflation-adjusted consumer spending rose 0.6 percent, and after-tax income climbed 0.8 percent when adjusting for inflation.
A gauge of planned U.S. business spending rose...
US durable goods orders up 0.7 percent
Labels: BusinessWASHINGTON (AP) — U.S. companies boosted their orders in November for long-lasting manufactured goods that reflect investment plans. It was the second straight such increase, an encouraging sign for the economy.
The Commerce Department said Friday that overall orders for durable goods rose a seasonally adjusted 0.7 percent in November over October.
But a more closely watched category of orders that...
Boehner says Congress, Obama must keep working on fiscal deal
Labels: BusinessWASHINGTON (Reuters) - House of Representatives Speaker John Boehner said on Friday that congressional leaders and President Barack Obama must try to move on from House Republicans' failed tax plan and work together to resolve the looming U.S. "fiscal cliff."
Boehner said he was not concerned that Thursday's withdrawn vote threatened his position as speaker, but did not outline a clear path forward.
Boehner...
Canada economy ekes out 0.1 percent growth in October
Labels: BusinessOTTAWA (Reuters) - The Canadian economy grew by just 0.1 percent in October from September, indicating a very slow start to the fourth quarter amid foreign and domestic economic woes, Statistics Canada data indicated on Friday.
The figure matched analysts' expectations. The Bank of Canada says fourth quarter growth will be 2.5 percent annualized but the October data confirm market suspicions the real...
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Clippers beat Hornets 93-77 for 11th straight win
Labels: SportsLOS ANGELES (AP) — The Los Angeles Clippers' franchise record-tying 11th consecutive victory had owner Donald Sterling leading a "hip, hip hooray" chant in the locker room.Sterling grabbed the hand of coach Vinny Del Negro and held it up, exhorting his team, "Let's hear it for the coach." Then he told Del Negro, "Vinny, give me a hug" and the two men embraced."Eleven in a row. Not bad, is it?" Sterling...
Durant scores 41 as streaking Thunder top Hawks
Labels: SportsATLANTA (AP) — Oklahoma City's biggest stars displayed a unique version of balanced scoring against Atlanta: Russell Westbrook led the Thunder in the first half and Kevin Durant dominated the Hawks over the final two quarters.Durant set a season high with 41 points and Oklahoma City held off Atlanta 100-92 on Wednesday night for its 12th straight win.Westbrook had 27 points — 21 in the first half...
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