Major data releases aplenty are on the economic calendar next week. In the U.S., investors will focus on July retail sales, industrial production, and consumer prices. In the euro zone, second-quarter gross domestic product figures across the major economies and the German ZEW index are the main highlights.
Each week, the International Business Times money team picks three winners and three losers. Our choices are made based upon the amount of money involved and how compelling, dramatic, or just generally interesting the story behind the money is.
Nintendo may not be able to release its Wii U console in time for the holiday season. Sources connected to the matter have exclusively told CVG that manufacturing issues may stop the gaming company for launching its Wii successor overseas.
BlackBerry investor Victor Alboini said he welcomed a bid for Research in Motion's enterprise business by IBM, saying it would greatly enhance value of an undervalued asset.
The Renault-Nissan Alliance headed by superstar CEO Carlos Ghosn is hoping to beat the crowds in the nascent African automotive market with the largest assembly plant on the continent.
Moody's analytics cut India's growth forecast to 5.5 percent for this year, citing the policy inaction from the government and the Reserve Bank of India's decision to keep key rates unchanged, despite an economic slowdown.
India's industrial output growth fell in June to 1.8 percent against the analysts' expectation of a 1 percent growth, as compared to the same period a year ago.
The Chinese government has taken an important step towards breaking the Boeing Co. (NYSE: BA) and EADS N.V. (Paris: EAD)'s Airbus SAS's duopoly in aerospace manufacturing by successfully testing a new regional plane, the Financial Times reported.
Europe's strongest economies are being dragged down by the recessions in other European countries, some of which are expected to join beleaguered Greece in seeking a bailout.
The release date for Apple’s iPhone 5 may be drawing near, as rumors and speculations about the smartphone have been at an all-time high in the past couple of weeks. Yet another bit of evidence has surfaced, which indicates that Apple may be testing its next-generation smartphone, the iPhone 5.
Most of the Asian markets advanced but pared the weekly gains as the U.S. Federal Reserve and the European Central Bank did not announce any stimulus measures to revive the weakening economic growth.
Adam Smith, a chief financial officer for a Tucson medical manufacturing company, recently posted a controversial YouTube video of himself going through a Chick-fil-A drive-thru and belittling a patient restaurant worker.
Smartphone supply, component and repair sites like Gotta Be Mobile and iFixyouri have previously posted images and videos of alleged iPhone 5 prototypes, but never did those sites fully compare the new model to the iPhone 4S. On Friday, ETrade Supply posted a highly-detailed photo and video comparison between the iPhone 5 prototype and iPhone 4S components from Apple, which just may be the most convincing photo evidence of the iPhone 5 we have to-date.
The peak weeks are now behind us and the number of earnings reports we get each week will now drift lower.
India's service sector continued its growth for the ninth consecutive month in July, based on a slow but steady growth in new orders, according to the latest HSBC PMI data released Friday.
China's services activity growth recovered in July to the fastest pace in nine months after the slowdown in June, according to the HSBC Purchasing Managers' Index (PMI) released Friday.
Apple’s iPhone 5 is expected for a release date this fall, and another indication that production is in full swing has surfaced. Japan’s Sharp Corp. will begin shipping screens that will be used for the upcoming iPhone 5, according to Reuters.
Software Giant Microsoft announced Wednesday that it had released its much-awaited touch-based Windows 8 operating system to manufacturers.
Asian shares eased Thursday as investors turned increasingly cautious with hopes of stimulus action by central banks fading ahead of a European Central Bank's meeting later in the day and after the U.S. Federal Reserve took no action a day earlier.
Thalia Paraskeva, 24, was getting increasingly desperate. Equipped with a degree in graphic design from Athens, she had no luck finding a job in Greece.
One day, she booked a ticket to Berlin and swiftly packed some dresses, a jacket, a pair of snug boots and a Greek-German dictionary before boarding the plane.
Euro zone Purchasing Managers Index (PMI) numbers continued their 11-month straight contraction, with manufacturing in Italy, Spain and Greece continuing their alarming downward trends.
The ADP employment report out Wednesday morning seemed to have a bit for everyone, with both optimists and pessimists claiming the data release supported their views. A slightly more nuanced view of the data seems to hand the case to the bears