U.S. stocks rise, bonds fall after U.S. data
NEW YORK (Reuters) – U.S. stocks rose and Treasury prices fell on Tuesday after a gauge of U.S. consumer spending rose more than expected in December, while a measure of global equity markets was flat on unease over the corporate earnings outlook.
Monte Paschi chairman and CEO expected to stay on as board meets
MILAN (Reuters) – Monte dei Paschi di Siena’s chairman and CEO are not expected to go through with a threat to quit on Tuesday when the bank’s board meets for the first time since its largest shareholder forced the delay of a vital share issue.
U.S. top court rules for Daimler in Argentina human rights case
WASHINGTON (Reuters) – The U.S. Supreme Court ruled on Tuesday that Daimler AG cannot be sued in California over human rights allegations in a decision that is a boost for multinational companies facing lawsuits alleging misconduct abroad.
Import prices flat in December
WASHINGTON (Reuters) – U.S. import prices were unexpectedly flat in December as the cost of petroleum fell marginally, still showing no signs of imported inflation pressures.
Analysis: Greece hopeful, but any debt relief likely to be symbolic
BRUSSELS (Reuters) – Greece expects the euro zone to provide some debt relief to Athens later this year but the impact on its vast liabilities will be little more than symbolic.
U.S. safety officials upgrade probe of Chrysler sun visor fires
DETROIT (Reuters) – Federal safety regulators have upgraded an investigation of sun visor-related fires in recent-model Jeep Grand Cherokee and Dodge Durango SUVs.
GM’s global sales rise four percent in 2013
DETROIT (Reuters) – General Motors Co said on Tuesday its global sales grew 4 percent in 2013 on strong demand in the world’s two largest auto markets, China and the United States.
JPMorgan commodity risk higher in fourth-quarter
NEW YORK, Jan 14 – JPMorgan Chase & Co slightly raised its commodity trading risk for the first time since last spring in the fourth quarter, even as it exits the physical commodities trading business, its quarterly results showed on Tuesday.
UK retailer ASOS sees growth slow in U.S., Australia
LONDON (Reuters) – British online fashion retailer ASOS said growth slowed in the United States and Australia, two key markets, taking the shine off a big jump in Christmas sales.
Luxury consumer base to keep growing: study
PARIS (Reuters) – The number of luxury goods buyers reached 330 million last year and is set to rise to 400 million in 2020 and 500 million by 2030 as more people become wealthy in Asia, Latin America and Eastern Europe, a study has found.
