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Retail sales rise less than expected in January

Sales at U.S. retailers increased less than expected in January amid weak receipts at building material and restaurant outlets, a government report showed on Tuesday, likely reflecting the drag from snow storms that slammed large parts of the country during the month.
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SBI to launch retail bond issue on Monday - sources

State Bank of India, the country's largest lender, is expected to launch the first tranche of its 100 billion rupees ($2.2 billion) retail bond issue on Monday, according to a term sheet obtained by Reuters and a source with direct knowledge of the matter.
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Stocks yawn at Obama budget proposal

Stocks finished narrowly mixed as investors appeared to be underwhelmed by President Obama’s budget proposal, while unrest in the Middle East has spread to Iran and even Bahrain.
Fuel

Kenya increases pump prices for fuel

Kenya has raised retail fuel prices to 98.08 shillings per litre of petrol sold in the capital for the next 30 days, from 95.60 shillings, the Daily Nation reported on Monday.
View of the French BNP Paribas bank headquarters in Paris

International banks suspend Ivorian operations

Two large international banks suspended operations in Ivory Coast on Monday as a power struggle following a disputed presidential election tightened its grip on the economy of the world's top cocoa grower.
A shopper leaves a branch of Game supermarket chain in South Africa

S.Africa commission recommends Wal-Mart deal approval

South Africa's Competition Commission has recommended that retail group Wal-Mart's proposed acquisition of 51 percent of equity in Massmart be approved without conditions, the two companies said in a statement on Saturday.
East Timorese sit at a port during sunset in Dili

Travel Postcard: 48 Hours in Dili, East Timor

Dili is the capital of East Timor or Timor Leste, one of the world's newest nations, and is slowly beginning to attract tourists nearly nine years after gaining independence. Reuters correspondents with local knowledge help you get the most out of a short stay.
De Beers

De Beers returns to profit, remains cautious

De Beers, the world's largest diamond producer, returned to a profit in 2010 as production rose 34 percent and diamond prices recovered to pre-crisis levels, although it remains cautious about the market this year.

AT&T counters Verizon iPhone with unlimited calling

AT&T, which is losing its hold on the iPhone to Verizon, has introduced a new feature to its customers that offers unlimited calling to any mobile number in the United States. AT&T's new offer is an attempt to counter an impending switch of iPhone customers to Verizon, which will be debuting iPhone 4 starting today.
Retail Stocks

Inflation - Retail Friend or Foe?

Robert W. Baird forecasts inflation to upswing during the course of 2011, while inflation overall is expected to remain rather benign by historical standards. The brokerage said food and gasoline are among the items poised to see upward price pressure this year.
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ID theft down 28 percent in U.S. in 2010: Survey

The number of victims of identity theft dropped by more than a quarter in the U.S. last year, the largest annual fall on record, but individual victims lost more money on average than ever before.
Winter drought may hit China wheat output- FAO

Winter drought may hit China wheat output- FAO

Wheat output in China, the world's largest producer and consumer of the grain, may be at risk after severe winter drought in its main northern producing regions, the United Nation's Food and Agriculture Organisation said.
An interior of Big Lots store

Big Lots Sale Appears Possible: Analyst

Benchmark Capital said the sale of retailer Big Lots (NYSE: BIG) appears possible and private equity buyers could target the company, after Bloomberg reported that Big Lots is exploring strategic options.

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