LONDON - British retail sales bounced back this month after a weak March, helped by sales from a later-than-usual Easter, the Confederation of British Industry said on Monday.
Recent Business News
FRANKFURT - Spare cash in the euro zone banking system has fallen below the threshold of 100 billion euros for the first time since the European Central Bank flooded the system with ultra-cheap crisis loans in late 2011.
LISBON - Portugal plans bond auctions across a range of maturities in the second half of the year after a strong inaugural sale of 10-year paper that showed its debt financing programme was getting back to normal, the treasury secretary said on Thursday.
- Time Warner Cable Inc, the second-largest U.S. cable operator, reported first-quarter profit above analysts' estimates as it added more residential subscribers than expected for its high-speed data services.
ZURICH - Swiss drugmaker Novartis posted a weaker-than-expected 1 percent rise in quarterly sales, underscoring the pressures from generic competition and tighter healthcare budgets that led it to announce a radical business overhaul earlier this week.
Diversification may be helping to smooth out volatility in Goldman's FICC revenue, but it's smoothing out a decline.
- Gold: PRECIOUS-Gold around 2-1/2-mth low on risk aversion ahead of U.S. data
- Oil Report: WRAPUP 3-Ukraine forces kill up to five rebels, Putin warns of consequences
- British Pound Report: Sterling steady vs dollar, slips vs euro after Ifo; Draghi eyed
- US Dollar Report: Euro falls on ECB Draghi's comments on further monetary easing