U.S. business lobby urges action on fast-track trade power
WASHINGTON (Reuters) – The U.S. Chamber of Commerce on Wednesday urged Congress to give the White House authority to fast-track international trade agreements and said major deals in the pipeline could stumble without the measure.
Analysis: Emerging market investors face year mined with political risks
LONDON (Reuters) – As the tidal wave of global central bank liquidity recedes in 2014, emerging market investors are growing more anxious about local political risks – and how to spot them early on.
Discounts drive U.S. holiday retail growth: ShopperTrak
(Reuters) – Promotions and discounts offered by U.S. retailers drove a 2.7 percent rise in holiday season sales despite six fewer days and a cold snap that kept shoppers from stores, retail industry tracker ShopperTrak said.
Exclusive: Raiffeisen Bank halts sale of Hungarian unit
VIENNA/FRANKFURT (Reuters) – Austrian lender Raiffeisen Bank International has decided not to sell its Hungarian unit for now, two sources familiar with the situation told Reuters on Wednesday, after media reports that such a deal could be imminent.
Bank of America ramps up credit card loans
(Reuters) – Bank of America Corp’s credit card unit did something surprising in the third quarter: it grew.
Adidas names brand chief to take up battle with Nike
FRANKFURT (Reuters) – Sportswear maker Adidas named Eric Liedtke as its global head of brands on Wednesday, bringing a younger manager to its executive board as it battles to regain ground lost to Nike last year.
Private sector adds more jobs than expected in December
NEW YORK (Reuters) – U.S. private employers hired staff at the fastest pace in 13 months in December, data from a payrolls processor showed Wednesday, burnishing expectations that similar figures due later in the week from the government will confirm t…
Analysis: Data triggers questions about alleged Wall St. legal bias
(Reuters) – New figures about a watershed change to Wall Street’s securities arbitration system are raising questions about a widely-held belief among consumer lawyers that arbitrators with ties to the industry can have bias against investors.
Alibaba to set up mobile gaming platform in China
BEIJING (Reuters) – E-commerce giant Alibaba Group Holding Ltd said on Wednesday it would set up a mobile gaming platform in China, venturing into a fast growing sector dominated by tech rival Tencent Holdings Ltd.
Diageo joins with Diddy for a second drink, DeLeon tequila
LONDON (Reuters) – Diageo PLC and celebrity rapper turned business mogul Sean “Diddy” Combs have jointly bought luxury U.S. tequila brand DeLeon, hoping to repeat the success they have had with the company’s fast-growing Ciroc vodka.
