U.S. retail sales jumped in September

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Source: Bloomberg
© Scanpix/AP
U.S. retailers posted an increase in their sales in September of this year, as they added 0.4% against 0.1% a month earlier. Moreover, the indicator matched economists' forecasts. Including car sales, the total sales slipped 0.1% amid weak September auto sales in the country. Still, analysts forecast the October sales to decrease more, as this month includes U.S. government and debt ceiling crisis.
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Tue, 29 Oct 2013 14:50:05 GMT

Goldman: OPEC oil production to decline in 2013

According to the new outlook of Goldman Sachs, one of the largest U.S. banks, oil production in OPEC countries in 2013 will fall more than previously forecasted, as instability in Libya may cut supply. Goldman predicts the daily production to slump 760,000 barrels in 2013, while previously the bank waited for a 560,000 barrels decline. The announcement can positively influence

Tue, 29 Oct 2013 14:28:10 GMT

UBS profit increases, future outlook remains negative

The largest bank in Switzerland, UBS AG, reported its Q3 financial results, as the net profit stood at 577 million francs, while analysts expected the indicator to reach 561 million francs. At the same time, the bank will not be able to have its return on equity ratio at 15% by 2015 due to change in regulatory conditions. Today, UBS

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