Business

Photo

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 Amazon.com Inc .

Recent Business News

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

11:40am EST

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.

10:43am EST

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.

10:42am EST

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 3:18am EST

Takata says president stepping down to streamline air bag recall response

TOKYO - Takata Corp , the auto supplier embroiled in a global safety crisis, said Wednesday its president, Stefan Stocker, would step down and its chairman would assume the role to unify the company's response to the recall of millions of vehicles carrying defective air bags.

4:23am EST

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary