Consumer mood up but future outlook at 31-year low
Consumer sentiment inched up in early September but Americans remained gloomy about the future with their expectations falling to the lowest level since 1980, a survey released on Friday showed. The Thomson Reuters/University of Michigan’s preliminary reading on the overall index on consumer sentiment edged up to 57.8 from 55.7 the month before, More...
EU’s Barroso: Will present options on euro bonds
STRASBOURG, France (Reuters) – The European Commission will soon present options on how the euro zone might issue bonds jointly, its President Jose Manuel Barroso said on Wednesday, but warned there was no More...
Bank analysts slash Goldman estimates hardest
NEW YORK (Reuters) – Analysts have been slashing earnings estimates for big Wall Street banks recently, particularly for Goldman Sachs, as unpredictable trading markets and weak merger and underwriting volumes More...
Dell and Baidu team up for tablets, mobiles
SHANGHAI (Reuters) – Dell Inc and China’s top search engine Baidu Inc plan to jointly develop tablet computers and mobile phones, targeting the Chinese market dominated by Apple Inc and Lenovo. China More...
Income of Rs300,000 to stay non-taxable
In the upcoming federal budget income up to Rs300,000 will remain exempted from tax while the proposal for increasing rate of tax on withdrawal of more than Rs25,000 from banks has been turned down, Geo News More...