Falling inequality helps boost economic growth, says OECD
The economies of countries with declining income inequality on average grow at a faster rate than those where the income gap is growing, says...
Tesco profit warning sends shares to 14-year low
Another profit warning issued by troubled British supermarket chain Tesco plc, its fourth this year, sent shares down 12% to a 14-year low. Morrisons...
November retail sales figures owe Black Friday a huge thank you
Thanks to a bumper Black Friday, November like-for-like retail sales in the UK were 0.9% higher than in November 2013, which had posted a...
Deutsche Bank accused by US government of evading taxes, lawsuit filed
Deutsche Bank AG has been accused by the US government of evading taxes through underfunded shell companies. The US government has filed a lawsuit...
Sainsbury’s activist target rumor boosts shares
Rumors that British supermarket chain J Sainsbury plc is the target of a UK activist fund along with a number of foreign investors boosted...
China has record trade surplus, imports fall and export growth slows
Chinese imports unexpectedly fell in November and export growth slowed, another sign of weakness in the second-largest economy in the world.
Data released by the...
Japanese third quarter economic contraction more than expected
The Japanese economic contraction in its third quarter (July through September) was much more than expected.
The revised data released on Monday revealed that the...
Debt-burdened Canadian seniors need to tighten their belts this holiday season
Canadian seniors’ debts have increased by 6.8% in just one year to an average of $13,380. Although they owe less than any other age...
Is China really the largest economy in the world today?
According to the International Monetary Fund, the largest economy in the world today is China, while the United States, for the first time in...
James Dimon is cancer free, internal JPMorgan memo says
Within three months of completing scheduled treatment, JPMorgan Chase & Co.’s CEO James Dimon told employees that he appears to be cancer free. Test...