Equities buoyed by Nikkei high, dollar edges up
LONDON (Reuters) – Japan’s benchmark stock index hit a six-year closing high on Tuesday, helping prop up global equities, while the U.S. dollar inched higher, and some traders saw world stock markets extending their 2013 rally into next year.
Banks pay for past sins as U.S., Europe levy record fines
LONDON (Reuters) – U.S. and European regulators fined banks record amounts this year, imposing penalties and settlements of more than $43 billion as authorities work more closely across borders to clean up the financial sector.
Target meets with state attorneys as lawsuits pile up
BOSTON/NEW YORK (Reuters) – Target Corp’s general counsel, Timothy Baer, spoke with top state prosecutors on Monday to address their concerns about a massive data breach, as consumer lawsuits piled up against the retailer and two U.S. senators called f…
Retailers blend stores, e-commerce to snag holiday stragglers
NEW YORK (Reuters) – Retailers are trying new ways to win over Christmas procrastinators.
China to aim for 7.5 percent growth in 2014 as exports recover
BEIJING (Reuters) – China will likely stick with this year’s growth target of 7.5 percent for 2014 as top leaders balance the need to keep the economy on an even keel while pushing through necessary structural reforms, sources at top government think t…
Carrefour seen eyeing Brazil listing to help fund expansion
PARIS (Reuters) – The appointment of a financial and IPO expert to head its Brazilian operations signals Carrefour may list a stake in that business, as Europe’s largest retailer looks to accelerate growth in a key market without adding to its debt.
Japan’s record budget spending highlights balancing act
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe on Tuesday secured cabinet approval for a draft budget for the next fiscal year that aims to split the benefits of higher tax revenue between trimming fresh borrowing and stimulating the economy with…
Japan’s 7-Eleven kingpin looks to U.S. to inspire online revolution
TOKYO (Reuters) – The 81-year-old Japanese executive who built 7-Eleven into the world’s biggest convenience store chain has a new mission: turning more than 50,000 bricks and mortar stores in Japan into portals to a new online retail empire.
W.R. Grace settles last remaining appeal to help exit bankruptcy
(Reuters) – W.R. Grace & Co said it has settled the only remaining appeal for its Chapter 11 plan with a group of bank lenders, paving the way for the U.S. chemicals maker to emerge out of bankruptcy protection after 12 years.
BlackBerry deal bolsters Foxconn’s makeover gambit
TAIPEI/SAN FRANCISCO (Reuters) – Foxconn’s BlackBerry Ltd deal marks the Taiwanese firm’s biggest step up the value chain – a chance to not just assemble smartphones, but help design them, too.
