WASHINGTON (Reuters) - U.S. consumer spending recorded its biggest increase in more than eight years in September, likely as households in Texas and Florida replaced flood-damaged motor vehicles, but underlying inflation remained muted. Households, however, dipped into their savings to...
NEW YORK (Reuters) - A gauge of global equities hit an intraday record, as a bounce in Spain helped buoy European stocks, while Wall Street edged lower after a technology-led rally last week and a report the U.S. House of Representatives was discussing a gradual tax cut. Bloomberg...
PARIS (Reuters) - Hermes (HRMS.PA), the French label known for its $10,000-plus Birkin and Kelly bags, plans to add two leather goods workshops in France by 2020 to meet a recovery in demand for luxury goods. Like LVMH (LVMH.PA) and Kering (PRTP.PA), Hermes has reported a sales bounce...
Qatar’s central bank is easing its banking rules for expats, as it grapples with a regional economic boycott about to enter its sixth month. The regulator ordered lenders to allow foreign workers to conduct normal banking transactions for 90 days after the expiry date of their visa, according...
Iraq managed to boost oil export capacity from its southern ports to 4.6 million barrels per day (bpd) after adding a new floating terminal in the Gulf, Oil Minister Jabar al-Luaibi said in a ministry statement.
WASHINGTON (Reuters) - Sales of new U.S. single-family homes unexpectedly rose in September, hitting their highest level in nearly 10 years, offering hope that the housing market was regaining speed after appearing to stall recent months. The Commerce Department said on Wednesday new...
NEW YORK (Reuters) - Oil prices slipped on Wednesday from four-week highs after a surprising increase in U.S. crude inventories, even as top exporter Saudi Arabia reiterated its determination to end a three-year supply glut. The U.S. Energy Information Administration reported that crude...
TOKYO (Reuters) - Asian shares edged higher on Wednesday, while U.S. Treasury yields and the dollar got a lift following a report that Republican senators were leaning toward John Taylor to be the next Federal Reserve chief. European stock futures STXEc1 were down 0.2 percent, pointing...
PARIS (Reuters) - Airbus’s (AIR.PA) coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has raised questions over how smoothly it can implement the deal. The European...
(Zaman Al Wasl) In tandem with the destruction of all aspects of life in Sunni-majority areas opposed to the Assad regime, the latter has been working on a plan, since 2011, to create an advanced industrial base in pro-regime areas amid aims to rely on this area as a substitute for the...
LONDON (Reuters) - European shares edged down across most bourses and sectors on Thursday as a new batch of third-quarter results brought in some disappointments to investors, notably forecast misses from France’s Publicis, Dutch-British Unilever and Germany’s Kion. By 0715 GMT, the...
NEW YORK (Reuters) - Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. Jude, the Roman Catholic patron saint of desperate and lost causes. The...
NEW YORK (Reuters) - Closing arguments in the U.S. trial of former HSBC Holdings Plc (HSBA.L) executive Mark Johnson came to an end Wednesday, with a lawyer for the government urging jurors to convict Johnson of defrauding a client. Prosecutors have claimed Johnson, the former head of...
NEW YORK (Reuters) - The Dow Jones Industrial Average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth. The S&P 500 and Nasdaq Composite ticked up to record closing highs....
(Reuters) - Credit card issuer American Express Co (AXP.N) reported about 19 percent jump in quarterly profit as higher billings and loan growth helped offset a jump in costs. Net income attributable to common shareholders rose to $1.36 billion, or $1.50 per share, in the third quarter...
(Bloomberg)- Some Qatari banks are becoming less willing to sell dollars to foreign lenders amid a lingering regional standoff with a Saudi-led alliance, according to people familiar with the matter. Foreign exchange activity between local and international banks is almost at a standstill, the...
TOKYO (Reuters) - Oil prices clung to this month’s high on Tuesday after Iraqi forces seized the oil-rich city of Kirkuk from largely autonomous Kurdish fighters while Asian shares held firm on optimism about upcoming earnings. Short-term U.S. bond yields and interest rates jumped after...
Russia and Saudi Arabia are on track to sign a contract on supplies of Russia's advanced S-400 air defense missiles to Riyadh, the Interfax news agency cited an aide to Russian President Vladimir Putin as saying Friday. "The talks are ongoing now, the terms are being agreed," the agency...
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun had decided to step down from management, as it forecast record third-quarter profits on the back of soaring memory chip prices. The surprise resignation comes as Kwon was expected to take...
TOKYO (Reuters) - The dollar steadied in early Asian trading on Friday, on track for weekly losses as investors awaited U.S. inflation data to gauge the likelihood that the Federal Reserve will stick to its plan to raise interest rates again this year. The Singapore dollar SGD= slipped...
