FACTBOX-U.S. holiday sales data and forecasts Nov 28- The United States holiday shopping season started in earnest with the Thanksgiving weekend, which runs from Thursday, Nov. 26 to Sunday, Nov. 30 and includes Black Friday, which often ranks as the busiest shopping day of the year. On Saturday, retail analytics firm ShopperTrak projected that combined sales in physical stores stood at $12.1 billion over...
FOREX-Dollar rises on ECB, SNB rate-cut expectations NEW YORK, Nov 27- The dollar rose across the board on Friday, hitting an eight-month high against a basket of currencies as speculation the Swiss National Bank would follow the European Central Bank in cutting deposit rates further pushed major competitors lower. The euro rebounded in afternoon U.S. trading to move back above $1.06 after falling near...
| By: Dion Rabouin
How the Dow Jones industrial average fared on Friday Stocks finished mostly higher Friday at the end of a quiet, holiday-shortened week of trading. Telecommunications and financial stocks rose, while oil prices slumped, dragging down energy stocks. The Dow Jones industrial average gave up 14.90 points, or 0.1 percent, to 17,798.49.
Source: The Associated Press
| By: By The Associated Press
US STOCKS-Wall St ends flat; Disney, retailers dip on sales worries *U.S. markets close early day after Thanksgiving holiday. U.S. stock markets closed three hours earlier following the Thanksgiving holiday on Thursday, with many traders taking the day off. "We're going to get today over with and hit the ground running next week," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago.
| By: Sinead Carew
European shares retreat from three-month high as China wobbles *Mining shares lead declines after China profits miss. *Altice bounces after winning EPL rights. China, the world's biggest consumer of metals, saw stocks slide over 5 percent after a regulatory crackdown and deteriorating industrial profits data.
| By: Alistair Smout
UPDATE 3-India's Modi meets Sonia Gandhi to discuss new indirect tax *Modi hosts Congress leaders Friday evening. *Congress demands rate of below 20 percent. NEW DELHI, Nov 27- Indian Prime Minister Narendra Modi hosted opposition Congress party leader Sonia Gandhi for talks on Friday to try and break a deadlock over launching a new indirect tax, in a bid to put his economic recovery agenda back on track.
| By: Rupam Jain Nair