IBT Staff Reporter

96691-96720 (out of 154954)

Zale in talks with Citi to renew card deal past 2011

Jeweler Zale Corp has entered into exclusive talks with Citibank to renew their private-label credit-card arrangement after it expires next year, and has won an extra month from Citibank to pay a penalty for low sales made on the cards.

Daily forex forecast - 03/5/2010

:: Australian Dollar: The Australian Dollar opens?the new week lower against a stronger greenback at 0.9225 after a steady local session last Friday.

Buffett stands by defense of Goldman transaction

Warren Buffett on Sunday stood by his feisty defense of a controversial mortgage transaction marketed by Goldman Sachs Group Inc, saying the investment bank's behavior did not warrant public opprobrium.

Stocks eye jobs, Greece and Goldman

April's jobs report and a slew of other economic indicators may bolster U.S. stocks this week, but jitters over Greece's debt and investigations into Goldman Sachs will test the market's resiliency.

Attacks on Hungary cbank can hurt economy

Hungarian central bank governor Andras Simor warned on Sunday that political attacks against the bank could hurt the economy which is still fragile, and confirmed in a statement that he would not resign.

Peace would make Israel a top global economy

Bank of Israel Governor Stanley Fischer said on Sunday Israel could become a leading economy globally if a Middle East peace deal is reached but that the key challenges for now were to accelerate growth and cut poverty.

UBS Q1 net profit seen topping forecasts: report

Switzerland's UBS , looks set to top analysts' expectations next week by posting a first-quarter net profit of between 2.2 billion Swiss francs and 2.5 billion Swiss francs ($2.0 billion to $2.3 billion), a Swiss newspaper reported without citing sources. UBS, which said last month its pretax profit would be at least 2.5 billion Swiss francs, is seen swinging to a fi...

With inflation rising, China lifts required reserves

China on Sunday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise.

Glencore eyeing Xstrata takeover: report

European trader Glencore International is studying a merger with Xstrata to create a mining and trading group worth 55 billion pounds ($84.5 billion), a source close to the deal said.

Gold coins launched with India Post Logo

India Post has launched gold coins with India Post logo for sale to the customers across India. The gold coins will be of the denomination 0.5 g, 1 g, 5 g and 8 g of 24 carat with 99.99 % purity. Apart from enhancing the revenue of the Department, this will enable India Posts to usher in a new image of India Post as a modern and relevant organization to the public in all areas of life.

Greece seals rescue deal, warns sacrifices needed

Greece has sealed a deal with the European Union and IMF that opens the door to a multi-billion euro financial bailout and will require big sacrifices from the Greek people, Prime Minister George Papandreou said on Sunday.

Greek PM says has agreed rescue deal with EU, IMF

Greece has sealed a deal with the EU and IMF that opens the door to a multi-billion euro financial bailout but will require major sacrifices from the Greek people, Prime Minister George Papandreou said on Sunday.

Australia unveils mining tax

Australia's government angered its booming resources sector on Sunday by unveiling a new tax on mining projects from July 2012 under a sweeping pre-election tax overhaul which will also boost pension savings for workers.

Greece seals rescue deal with EU and IMF: source

Greece has sealed a deal with the European Union and the IMF that opens the door to a multi-billion euro financial bailout of the heavily indebted euro zone member, a senior government official said on Sunday.

Greece poised to sign rescue deal with EU, IMF

Greece appeared set to announce a deal with the European Union and the IMF for a multi-billion euro financial bailout on Sunday, a day after thousands protested in Athens against planned state cutbacks.

Greece awaits rescue package, protesters decry cuts

Greece hopes to secure a deal with the European Union and the IMF for a multi-billion euro financial bailout to be announced on Sunday, a day after thousands protested in Athens against planned state cutbacks.

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