Global funds raise U.S. equity holdings, eye emerging markets for 2016 bounce
LONDON (Reuters) – Global investors raised allocations to U.S. and British equities in November and lifted weightings of selected emerging market assets to multi-year highs as some managers positioned for a potential rebound in the sector.
BlackBerry delays Pakistan shutdown as talks on government access continue
ISLAMABAD (Reuters) – BlackBerry Ltd will delay shutting down its operations in Pakistan until Dec. 30 as negotiations continue over government demands for access to users’ private data, the company and the telecoms authority said on Monday.
Dollar rises versus euro, oil drops before ECB, OPEC meetings
LONDON (Reuters) – The dollar hit its strongest since mid-March against its peers at the start of a week likely to highlight the divergent outlooks for U.S. and euro zone interest rates, while oil fell with OPEC ministers expected to keep the pumps on….
U.S. holiday sales on track amid online boost: NRF survey
(Reuters) – U.S. holiday shopping is on track for a modest 3.7 percent rise this year after strong turnout during the Thanksgiving and Black Friday weekend and thanks to strong online sales, the National Retail Federation said on Sunday after releasing…
IMF’s yuan inclusion signals less risk taking in China
SHANGHAI/NEW YORK (Reuters) – When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod.
Holiday shopping unlikely to cheer many investors
SAN FRANCISCO (Reuters) – The holiday shopping rush that kicked off on Friday is unlikely to bring much cheer to investors looking for a revival in retail stocks.
Baby boon: mini-vans the next big thing as China eases one-child policy
GUANGZHOU, China (Reuters) – Automakers are betting that Chinese families will embrace the mini-van, hoping the larger, unsexy sibling of the bestselling SUV will become the next big thing just as Beijing relaxes the one-child policy.
U.S. online shopping rivals store trips: NRF survey
(Reuters) – An equal number of U.S. shoppers sought to buy items online as they did in physical stores over the Thanksgiving weekend, according to a closely watched survey by the leading retail industry lobby, highlighting the growing importance of e-c…
VW knew fuel usage in some cars was too high a year ago: report
FRANKFURT (Reuters) – Volkswagen’s top executives knew a year ago that some of the company’s cars were markedly less fuel efficient than had been officially stated, Sunday paper Bild am Sonntag reported, without specifying its sources.
U.S. store sales down slightly for Thanksgiving and Black Friday
CHICAGO (Reuters) – Sales at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday were down slightly from last year, but the performance was still seen as strong in a holiday shopping season where discounts spread well beyond the weekend a…
