growth
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Hope for euro deal, China growth spur stocks
AppId is over the quota AppId is over the quota LONDON (Reuters) – World stocks put in solid gains on Monday as investors bet on a positive outcome to the euro zone crisis talks and took comfort from signs that China’s economy may not be in as much danger as feared.The euro was flat to [...]
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Italian Cabinet to meet on growth measures
AppId is over the quota AppId is over the quota MILAN (AP) — Premier Silvio Berlusconi has summoned his Cabinet to discuss growth measures demanded by the European Union to help save the eurozone from its debt crisis.The EU pressed Italy over the weekend to present measures by Wednesday on how it plans to revive [...]
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InterContinental Hotels’ Americas growth picks up
AppId is over the quota AppId is over the quota LONDON (Reuters) – InterContinental Hotels Group , the world’s biggest hotelier, is enjoying higher revenue growth at its American operations, highlighting industry resilience in the face of a global economic slowdown.“The U.S. industry experienced record levels of room night demand in the third quarter as [...]
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Visa revenue growth slows, shares dip
IP is over the quota IP is over the quota (Reuters) – Visa Inc said its revenues grew at a slower pace in the latest quarter and it paid more in client incentives, sending its shares lower even though the payment processing company posted better-than-expected net income.The San Francisco-based card processor on Wednesday reported fiscal [...]
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China growth slows to 2-year low
AppId is over the quota AppId is over the quota BEIJING (Reuters) – China’s economic expansion slowed in the third quarter to its weakest pace in more than two years as euro-debt strains and a sluggish U.S. economy took a toll, but healthy domestic drivers suggest little room to relax monetary policy near term.GDP grew [...]
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BofA Merrill ups IBM price target on growth prospects
AppId is over the quota AppId is over the quota (Reuters) – BofA Merrill Lynch raised its price target on shares of IBM following the company’s third-quarter beat, and said it expected the blue chip to cut costs further, given the slowdown in IT spending.On Tuesday, IBM increased its 2011 profit outlook but fell short [...]
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China’s economic growth slows amid cooling efforts
AppId is over the quota AppId is over the quota BEIJING (AP) — China’s rapid growth eased last quarter to a still-robust 9.1 percent — enough to ease concerns of an abrupt slowdown in the world’s second-largest economy but too little to buoy the troubled West.Growth in the three months through September was down from [...]