U.S. retailers likely to just meet holiday sales forecasts: experts

CHICAGO - U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from online rivals led by Inc .

Recent Business News

Wall St. ends flat in short session, Dow ekes out record close

NEW YORK - U.S. stocks closed flat in a short session on Wednesday as investors found few reasons to push major indexes to their sixth straight day of gains despite strength in biotechs and bullish labor market data. | Video

24 Dec 2014

Ruble stable, but S&P downgrade warning weighs

MOSCOW - Russia's ruble stabilised on Wednesday, as exporters selling foreign currency countered the effect of a ratings agency saying it could downgrade Russia's sovereign debt to 'junk' status as soon as next month. | Video

24 Dec 2014

Japan $29 billion stimulus seeks quick boost for regional economies: draft

TOKYO - Japan aims to give a quick boost to lagging regional economies and low-income households with subsidies, merchandise vouchers and other schemes in a $29 billion stimulus package aimed at rejuvenating a two-year reflationary effort, a draft of the plan showed.

24 Dec 2014

China offers fresh support for outbound investment

BEIJING - China will simplify currency rules and step up credit support for firms investing overseas, the cabinet said on Wednesday.

24 Dec 2014

South Korea indicts Uber CEO, local unit for transport law breach

SEOUL - South Korea has indicted the chief executive officer and local subsidiary of Uber Technologies Inc for violating a law governing public transport, becoming the latest jurisdiction to challenge the U.S. taxi service provider.

Tech, South Korea 24 Dec 2014


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