In what appears to be a rapidly developing trend, Chinese visitors to the United States are being noticed more for the flash of their newly-bought designer bags than that of their Nikons. Tiffany & Co. (NYSE:TIF), Coach, Inc. (NYSE:COH) and Ralph Lauren (NYSE:RL) are just a few of the companies in the luxury retail sector that have recently noted how higher revenue at their North American operations has largely been boosted by Chinese shoppers on vacation.
Eleazar David Meléndez
Nov 17, 2011
The British government has agreed to sell Northern Rock, the failed mortgage lender it nationalized in 2008, to Virgin Money, the banking arm of Richard Branson's Virgin empire.
IBT Staff Reporter
Nov 17, 2011
Banks are shedding jobs worldwide as stricter regulations and a tough six months for trading income take their toll on investment banking units.
IBT Staff Reporter
Nov 16, 2011
HSBC's China fund venture said it would broaden its product line over the next five years to meet rising demand for cross-boarder investment, betting internationalization would be a new engine of growth for the country's stagnant mutual funds industry.
Peggy Truong
Nov 14, 2011
Gold prices rode a roller-coaster this week, topping a peak midweek when the settled at $1,799.20 before plunging 2.2 percent over the next two days on fears Italy had lost control of its finances and was threatening the Eurozone's survival.
Mike Obel
Nov 11, 2011
The banking sector, enduring rounds of deep job cuts, faces the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly all branches of finance have pulled back on hiring.
IBT Staff Reporter
Nov 11, 2011
India's industrial output growth probably slowed to an annual rate of 3.5 percent in September, weighed down by slower growth in infrastructure output and higher domestic borrowing costs.
Raymond Ronamai
Nov 11, 2011
The slowdown which began at the end of 2010 now looks more like a prolonged soft patch, the Commission said.
Palash Ghosh
Nov 10, 2011
China's imports surged in October as exports grew at their slowest rate in months, suggesting efforts to tilt the economy toward domestic demand may be offsetting the external weakness that has dragged on economic growth this year.
IBT Staff Reporter
Nov 10, 2011
Asian stocks fell around 3 percent on Thursday after soaring Italian borrowing costs stoked fears that the debt crisis in the euro zone's third biggest economy will overwhelm its financial defenses, raising the risk of a break-up of the currency area.
IBT Staff Reporter
Nov 10, 2011
HSBC gave its starkest warning to date that new regulations might force it to leave Britain and said its U.S. bad debts had jumped as more homeowners stopped payments on their mortgages.
IBT Staff Reporter
Nov 09, 2011
European stocks were lower at midday Wednesday as mounting concerns over Italy's debt kept investors on edge, following an early rally sparked by Silvio Berlusconi's pledge to step down as Italy's prime minister.
Eric Linton
Nov 09, 2011
HSBC Holdings cited a dire outlook for the global economy as it reported a larger-than-expected drop in third-quarter profits, hit by lower investment banking income and a rise in bad debts in the United States.
IBT Staff Reporter
Nov 09, 2011
Jones Lang LaSalle, one of the world's largest real estate services companies, reported revenue of $903 million in the third quarter, up 28 percent from the previous year.
Roland Li
Nov 03, 2011
Standard Chartered Plc said on Wednesday that operating profit before tax in the first nine months grew at a double-digit rate, helped by a strong showing in markets including Hong Kong and putting it in line for a ninth straight year of record earnings.
Varsha Priyadarshini
Nov 02, 2011
China's big manufacturers ran at their slowest pace in October since early 2009, purchasing managers' data shows, though signs of a bounce-back at smaller firms and a sharp fall in factory-gate prices suggest no swift change to interest rates.
Mike Obel
Nov 01, 2011
China's big manufacturers ran at their slowest pace in October since early 2009, purchasing managers' data shows, though signs of a bounce-back at smaller firms and a sharp fall in factory-gate prices suggest no swift change to interest rates.
IBT Staff Reporter
Nov 01, 2011
The China unit of investment bank JP Morgan has won approval to become a trading member of the Shanghai Gold Exchange, the eighth foreign financial institute to obtain such membership, said the exchange on its Web stie (www.sge.com.cn).
Mike Obel
Oct 31, 2011
European shares extended the previous session's rally Friday, with investors still buoyant over a deal struck by euro zone leaders early Thursday to help end the bloc's two-year-old debt crisis.
Eric Linton
Oct 28, 2011
Russian miner Polymetal will price new London-listed shares at the lower end of their indicated range, raising up to 446.2 million pounds ($710 million), as global market turmoil weakens investor sentiment, two sources close to the deal said.
Mike Obel
Oct 27, 2011
The late-night rescue package agreed by euro zone leaders to cool their dangerous debt crisis will at least allow investors to look at other things for a while.
IBT Staff Reporter
Oct 27, 2011
South African stocks closed at their highest level in nearly three months as demand for resources firms rose with hope that European Union leaders will agree on a solution to their region's debt woes later this week.
IBT Staff Reporter
Oct 24, 2011
