Strong dollar hits Tiffany's quarterly sales

- Luxury jeweler Tiffany & Co reported a 5 percent fall in quarterly sales as a strong dollar discouraged tourists from spending in its U.S. stores and reduced the value of overseas sales.

Recent Business News

G7 finance chiefs meet with growth problem to fix

DRESDEN, Germany - Little more than a gentlemen's club in recent years, G7 finance ministers and central bankers have their work cut out this week to revive stuttering global growth and defuse tensions over China's claims to economic power.

5:11am EDT

Treasury's Lew fears miscalculation over Greece could spark new crisis

LONDON - U.S. Treasury Secretary Jack Lew said on Wednesday he was worried that a miscalculation could lead to a new Greek crisis, which would be a mistake to think would have no consequence for the wider world.

6:17am EDT

Dollar retreats after its best day in two years

LONDON - A string of reversals from sharp moves the previous day marked global financial market trading on Wednesday, with stocks and oil gaining ground and the U.S. dollar falling after its biggest rally in two years.

4:42am EDT

Goldman tops 2015 City of London bank bonus charts

LONDON - Bankers at Goldman Sachs received the highest bonuses in London's banking industry this year but bonuses paid out by the top 10 banks were down overall compared to last year, a survey published on Wednesday showed.

6:47am EDT

'Brexit' would be bad for business: Lloyd's of London CEO

LUXEMBOURG - A British referendum decision to leave the European Union would damage the country's business prospects, Lloyd's of London [LOL.UL] Chief Executive Inga Beale said in Luxembourg on Wednesday.

7:26am EDT


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