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Warm weather, early Easter help March retail sales

Top retail chains are set to report a jump in March sales, lifted by an early Easter, an improving job market and warm weather, in what may be the strongest sign yet that consumers are shopping again.

Major UK banks face refinancing challenge: report

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Major UK banks face a challenge to refinance more than 300 billion pounds ($448.4 billion) of government-backed funding over the next two to three years, Fitch Ratings said in a report published on Monday.
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Best Buy eyes May UK launch; Carphone demerger

U.S. electrical goods retailer Best Buy will open its first British store in May, it said on Monday, as partner Carphone Warehouse completed its demerger from telecoms arm TalkTalk .
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Barnes & Noble names new CEO in e-books push

Barnes & Noble Inc promoted the executive who spearheaded the development and launch of its Nook electronic reader to be its new chief executive, as the largest specialty U.S. bookseller accelerates its push into digital books.
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Indian commexes bet big on retail gold contracts

Retail participation in gold investment is steadily rising, prompting the commodity exchanges to innovate products as well as delivery mechanisms with significant volumes being generated from retail products like gold guinea. Ahmedabad-based National Multi-commodity Exchange (NMCE) is steadily going ahead with its unique investment product, gold guinea. A guinea, weighing 8 grams each has created a separate class of gold investors.
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Retail sales unexpectedly rise 0.3 percent

Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report on Friday that bolstered hopes of a sustainable economic recovery.
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Stock futures rise ahead of retail sales data

U.S. stock index futures were higher on Friday, a day after the S&P hit a 17-month closing high and ahead of reports that could give clues about the strength of the American consumer.
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Stock futures higher ahead of retail sales data

U.S. stock index futures were modestly higher on Friday, a day after the S&P hit a 17-month closing high and ahead of reports that could give clues into the strength of the American consumer.
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Opening up India retail? Don't hold your breath

Plans by Carrefour, the world's No.2 retailer, to open its first cash-and-carry outlets in India are a sign of optimism in the country's $450 billion retail sector, but foreign investors and some officials want more -- an easing of the country's tough investment rules.
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Stock futures mixed ahead of retail sales data

Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures down 0.01 percent and Nasdaq 100 futures up 0.01 percent.
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Barclays looking for U.S. retail bank to buy: report

British bank Barclays Plc is looking to buy a retail bank in the United States to extend its presence after buying Lehman Brothers North American operations in 2008, the Wall Street Journal reported on Tuesday, citing people close to the matter.
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Regulators close banks in four states

U.S. bank regulators closed four banks in as many states on Friday, bringing the number of failures so far this year to 26 as deteriorating loans continued taking a toll on financial institutions.
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Wall Street rallies late on retail sales

Stocks rose on Thursday as better-than-expected monthly sales from retailers and a drop in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy.
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Snow may have slowed retail sales

Record snow along the U.S. East Coast and other regions likely muted retail sales in February, limiting increases in what was expected to be an easy month for retailers to show big gains over last year.

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