Finance news

Venezuela will devalue its currency for the second time since January in a bid to pull South America’s third-biggest economy out of recession.
Venezuela will devalue its exchange rate on so-called essential goods, such as food and medicine, by 40 percent to 4.3 bolivars per dollar on Jan. 1, unifying its two fixed foreign exchange […]

Filed under: Small Business, management by Finance Boss
Comments Off

U.S. retailers’ 2010 holiday sales jumped 5.5 percent for the best performance in five years as shoppers snapped up clothing and jewelry at Macy’s Inc., Tiffany & Co. and other stores.
Retail sales, excluding autos, rose to $584 billion from Nov. 5 through Dec. 24, said MasterCard Advisors’ SpendingPulse, which measures retail sales by all […]

Filed under: business, online by Finance Boss
Comments Off

China’s government failed to draw enough demand at a bill sale for the second time in a month as seasonal demand for funds and higher reserve-requirement ratios left banks with less cash.
The finance ministry sold 16.76 billion yuan ($2.53 billion) of 91-day securities, falling short of the planned 20 billion yuan target, according to […]

Filed under: Loans, economics by Finance Boss
Comments Off

Asian stock markets fell in light trading Friday, led lower by automakers after officials in China, the world’s biggest auto market, announced plans to sharply limit new vehicle registrations in traffic-congested Beijing.
“Carmakers have had a good past year or two,” said Ben Kwong, chief operating officer at KGI Securities. But now, auto sales “have created […]

Filed under: Loans, money by Finance Boss
Comments Off

The United Nations says at least 173 people have been killed in the Ivory Coast and 90 others tortured or treated inhumanely because of post-election violence in the West African nation.
U.N. deputy human rights commissioner Kyung-wha Kang told diplomats Thursday that human rights officers documented the killings and torture cases between December 16 and 21.
She […]

Filed under: Small Business, banks by Finance Boss
Comments Off

Sales of previously owned homes edged up in November, the third increase in four months after a dismal summer for home-buying.
The National Association of Realtors says people bought previously owned homes at a seasonally adjusted annual rate of 4.68 million units last month, a gain of 5.6 percent from October.
The increases follow the worst summer […]

Filed under: Small Business, business by Finance Boss
Comments Off

Used car dealership chain CarMax Inc. said Tuesday its fiscal third-quarter net income rose more than 10 percent as an uncertain economy continued to boost sales of previously owned vehicles.
The Richmond, Va.-based company said it earned $82.4 million, or 36 cents per share, in the three months that ended Nov. 30. That’s up from $74.6 […]

Filed under: lenders, uk by Finance Boss
Comments Off

BRUSSELS

Filed under: legal, mortgage by Finance Boss
Comments Off

Led by Germany and France, EU leaders agreed Friday to work for closer economic cooperation amid market turmoil over towering debts in countries across the continent.
The leaders made progress at a summit in Brussels on a new rescue system for future debt crises but decided not to beef up the their existing bailout fund _ […]

Filed under: News, marketing by Finance Boss
Comments Off

The Cosmopolitan of Las Vegas is opening to the public on the Las Vegas Strip, giving Sin City its last major casino-resort for at least a little while.
The resort owned by German lender Deutsche Bank was expected to open Wednesday night with bettors placing their first wager about 8 p.m. Casino executives plan an unveiling […]

Filed under: Loans, uk by Finance Boss
Comments Off