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International Business News


Consumer spending continues to improve: BEA report

Consumer spending rose for the fifth consecutive month as the U.S. struggles to add new jobs.

29/03/2010 01:35 PM

RIM results focus to be on price, profit margin

Research In Motion <RIM.TO> is expected to report this week it sold a whopping 11 million BlackBerries in its latest quarter, which may offset the impact of falling prices and narrower profit margins.

29/03/2010 01:32 PM

Wall St gains with energy, quarter-end buys

Wall Street advanced on Monday as major energy companies shares jumped with the price of oil and investors snapped up top performers ahead of the first quarter's end.

29/03/2010 01:16 PM

Major UK banks face refinancing challenge: report

Major UK banks face a challenge to refinance more than 300 billion pounds ($448.4 billion) of government-backed funding over the next two to three years, Fitch Ratings said in a report published on Monday.

29/03/2010 01:08 PM

iPad to hit stores Saturday as consumer test begins

After months of hype, speculation and secrecy, Apple Inc will finally put the iPad tablet to the test that truly matters: the buying public.

29/03/2010 12:56 PM

Consumer spending up, supports recovery picture

U.S. consumers tapped their savings in February to keep spending on an upward path for a fifth straight month, implying that consumption may be strong enough in coming months to keep a recovery going.

29/03/2010 12:48 PM

Geely-Volvo deal financing totals $2.7 billion: sources

China's Zhejiang Geely Holding Group has lined up total financing of $2.7 billion to back its purchase of Ford Motor's <F.N> Volvo car unit, sources said on Monday.

29/03/2010 12:48 PM

Treasury to sell Citi common shares in 2010

The U.S. Treasury said on Monday it would sell all of the 7.7 billion Citigroup common shares it owns over the course of 2010 under a prearranged written trading plan.

29/03/2010 12:24 PM

Greece to sell 5 billion euros bond, demand softer

Greece looked set to sell 5 billion euros ($6.7 billion) in the first test of investor appetite since a European-IMF debt support deal last week but demand was less than half that of an issue earlier this month.

29/03/2010 12:08 PM

Bank of America continues Asia hiring push

Bank of America Corp <BAC.N> has hired four new executives in its global banking business, including three hires in Asia, as part of its continued push into international banking.

29/03/2010 12:00 PM

Consumer spending rises, incomes flat in February

U.S. consumer spending rose as expected in February for a fifth straight month, while stagnant incomes pushed savings to their lowest level since October 2008, a government report showed on Monday.

29/03/2010 11:40 AM

Wall St rises after Greece launches bond

Socks gained on Monday as debt-stricken Greece launched a sovereign bond issue, easing worries about its problems, while investors were hopeful about key jobs data later this week.

29/03/2010 11:32 AM
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