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October, 26, 2016

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Business > Global Markets
World Bank President Kim heads for 2nd term, as no other nominees surface
World Bank President Jim Yong Kim effectively won a second five-year term after nominations to lead the global development bank closed Wednesday with no other candidates proposed.
Retail sales in Britain fell 0.2 percent in August from July, official data showed Thursday, with no real indication that the Brexit vote outcome was hurting spending.
Retail sales in the United States fell in August, ending the summer on a weak note after having plateaued in July, according to Commerce Department data released Thursday.
Asian markets mostly fell on Wednesday as uncertainty over the future of central bank monetary policy weighed on buying interest while warnings of an extended oil glut sank energy firms.
Hermes said Wednesday its net profit shot up 13 percent in the first half of the year, defying stagnating sales in much of the luxury sector, and scoring a record profit margin.
Europe's main stock markets struggled higher Tuesday as investors contemplated the U.S. interest rate outlook, after a mixed session in Asia and gains on Wall Street.
World oil prices slumped on Tuesday as the International Energy Agency (IEA) warned that a global supply glut would last six months longer than thought.
The U.S. dollar retreated Tuesday as traders rowed back their bets on a September U.S. interest rate hike after a top Federal Reserve official cautioned against moving too early.
Global stocks decline on   prospect of US rate hike
European stock markets slumped on Monday, mirroring a slide across Asia caused by the prospect of a U.S. interest rate hike as early as this month.
Oil prices dived again Monday on a pick-up in drilling and a strong U.S. dollar, as speculation swirled that the Federal Reserve could hike interest rates as soon as this month.
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