Business News Headlines

U.S. jobs to add heat to Fed lift-off debate


BRUSSELS - The state of the U.S. labor market in March will consume economists and investors in the week leading up to Easter, adding to the seesaw debate over when the Federal Reserve will spring its first interest rate hike.

8:45am EDT

Stanchart says committed to Islamic banking after head of unit exits


DUBAI - Standard Chartered remains committed to Islamic banking and expects growth in its core markets, a spokesman for the lender said on Sunday, after the head of its Islamic arm departed.

12:22pm EDT

China central bank governor calls for vigilance on deflation


BOAO, China - China's central bank governor Zhou Xiaochuan warned on Sunday that the country needs to be vigilant for signs of deflation and said policymakers were closely watching slowing global economic growth and declining commodity prices.

1:58am EDT

British Airways says some frequent flyer accounts hacked


LONDON - British Airways said on Sunday tens of thousands of its frequent flyer accounts had been hacked and that it had frozen those affected to sort the problem out.

ABN Amro managers give up salary hikes that delayed IPO


AMSTERDAM - ABN Amro [ABRGPA.UL] managers will give up pay rises after a dispute over executive salaries delayed the privatization of the bank, the bank said on Sunday.

11:49am EDT

ChemChina chairman says hopes to re-list Pirelli in Italy


BEIJING - The chairman of China National Chemical Corp (ChemChina) said on Sunday he hopes to re-list Italy's Pirelli on the Italian stock exchange after his firm agreed earlier this month to acquire the world's fifth-largest tire maker.

Deals, China, Italy 4:44am EDT

Fri, Mar 27 2015

Stocks likely to drift as investors await Fed, earnings


NEW YORK - Wall Street investors may find little reason to make big moves next week as they await monthly U.S. jobs data and any news that could change expectations for the first interest rate hike in almost a decade.

27 Mar 2015

Sat, Mar 28 2015

Best Buy warns of profit hit as it consolidates Canadian stores


CHICAGO - Best Buy Co Inc plans to close some stores and consolidate its operations in Canada, the U.S. electronics retailer's second-largest market, in a move that will hurt earnings this year, the company said on Saturday.

28 Mar 2015

Denmark applies to join China-backed AIIB investment bank


BEIJING - Denmark has applied to join the Beijing-led Asian Infrastructure Bank (AIIB), China's Ministry of Finance said on Sunday, becoming the latest European power to join the institution despite misgivings of the United States.

4:07am EDT

Investment banks eye potential trading boost from ECB stimulus


LONDON - Investment banks feeling the pinch from increased regulation since the financial crisis could reap an earnings reward from a boost in trading activity under the European Central Bank's (ECB) trillion-euro quantitative easing (QE) program.

5:59am EDT

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.