Express second-quarter profit rises 7 percent
(Reuters) – Apparel and accessories retailer Express Inc reported a 7 percent increase in quarterly profit as it attracted more customers.
Nestle chairman says wants to keep all options open on L’Oreal
ZURICH (Reuters) – Nestle wants to keep its options open for its stake in cosmetics firm L’Oreal and will not extend a purchase contract with France’s Bettencourt family, the food group’s chairman told a Swiss newspaper.
LGI Homes files for $125 million IPO as U.S. housing market recovers
(Reuters) – Homebuilder LGI Homes Inc filed with U.S. regulators on Wednesday to raise up to $125 million in an initial public offering, at a time when the recovery in the U.S. housing market picks up pace.
Chinese shoppers set to become world leaders online
SHANGHAI (Reuters) – China’s e-commerce market is expected to leapfrog that of the United States this year to become the world’s largest by total customer spending, management consultancy firm Bain & Company says, and could account for half of all Chinese retail spending within a decade.
Chinese shoppers set to become world leaders online
SHANGHAI (Reuters) – China’s e-commerce market is expected to leapfrog that of the United States this year to become the world’s largest by total customer spending, management consultancy firm Bain & Company says, and could account for half of all Chinese retail spending within a decade.
Mortgage applications fall as rates hit 2013 high: MBA
NEW YORK (Reuters) – Applications for U.S. home loans fell for a third straight week as average mortgage rates hit their highest level this year, although demand for purchase loans increased, data from an industry group showed on Wednesday.
New G4S boss seeks over $900 million for turnaround drive
LONDON (Reuters) – G4S , the world’s largest security services firm, plans to raise about 600 million pounds ($932 million) by selling shares and assets as its new boss seeks to restore its battered reputation by cutting debt and focusing on emerging m…
Indian rupee hurtles lower as foreign investors flee
MUMBAI (Reuters) – The Indian rupee slumped to a record low of more than 68 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
Oil hits six-month high, shares fall on anticipated Middle East upheaval
LONDON (Reuters) – Concerns that probable military strikes by Western powers against Syria could cause upheaval in the Middle East pushed oil up by over $2 a barrel on Wednesday, sent world shares lower for a second day and extended a rout in emerging …
Euro zone loan slump puts onus on ECB to keep rates low
FRANKFURT (Reuters) – Lending to the euro zone’s private sector contracted further in July, dragging on the euro zone’s nascent economic recovery and keeping up pressure on the European Central Bank to maintain its expansive monetary policy.
