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Senior living: Will you retire as a renter?

Owning a home used to be a linchpin of a secure retirement, but more and more people heading for retirement are renting instead. Here's why.
Source: CNBC.com | By: Kelley Holland, special to CNBC
Those Valentine's Day flowers might just be from Kenya

NYAHURURU, Kenya— This Valentine's Day, there's a good chance your flowers came from Kenya. "I know the flowers are for giving on Valentine's Day," said Phanice Cherop, a worker at a flower farm in Kenya. Such conditions have helped make Kenya become the world's fourth-biggest supplier after the Netherlands, Ecuador and Colombia.
Source: The Associated Press | By: By ILYA GRIDNEFF, Associated Press
PBoC governor downplays forex fears

China's central bank governor downplayed concerns over falling foreign reserves and said he saw no basis for depreciation, the FT reports.
Source: Financial Times | By: Patti Waldmeir
China's hackles raised by EU steel dumping investigation

BEIJING, Feb 14- China's commerce ministry has expressed its concern over European Union's anti-dumping investigations into Chinese steel products and said that trade frictions should be solved through dialogue. The European Union on Friday launched investigations into whether Chinese seamless pipes, heavy plates and hot-rolled flat steel were being...
Source: Reuters
Hong Kong hosts Valentine's Day with 25,000 LED roses

The Light Rose Garden, a public art installation featuring a sea of white roses made with light-emitting diode, or LED, is also a perfect venue for Valentine's Day in Hong Kong. Originating in South Korea, the Light Rose Garden is on a world tour with its first stop in the southern Chinese city. Organizer Jung Yong Jin said he's thrilled to see people outside of Seoul...
Source: The Associated Press
Main Street holds up as Wall Street struggles, for a change

NEW YORK— Wall Street is hurting, and Main Street doesn't care. It's an about-face from the early years of the economic recovery, which began in 2009, when stocks and big banks were soaring but many on Main Street felt like they were getting left behind. The divergence underway between Main Street and Wall Street highlights the difference between the U.S. stock...
Source: The Associated Press | By: By STAN CHOE, AP Business Writer
Was that really the bottom? We'll see this week

After a rip-roaring week, Wall Street should be in better spirits when it gets back to work Tuesday.
Source: CNBC.com | By: Patti Domm
EMERGING MARKETS-Mexico, Colombia peso rebound from lows but risks linger

SAO PAULO, Feb 12- Mexico's peso clawed back gains from a record low on Friday after brutal losses during the week as a rebound in oil prices and global stocks lifted battered Latin American currencies. Solid U.S. consumer data on Friday helped stocks on Wall Street rebound while oil prices, which have driven the fortunes of oil producers like Mexico and Colombia,...
Source: Reuters | By: Bruno Federowski
How the Dow Jones industrial average fared on Friday

U.S. stocks snapped a five-day losing streak Friday as investors welcomed a surge in oil prices and an encouraging report on retail sales. Financial stocks, which have been the worst performing part of the market this year, led the rally. The Dow Jones industrial average rose 313.66 points, or 2 percent, to 15,973.84.
Source: The Associated Press | By: By The Associated Press
FOREX-Dollar rises as U.S. data revives possibility of policy divergence

January retail sales number suggests U.S. economic strength. NEW YORK, Feb 12- The dollar rose on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, supporting the possibility the Federal Reserve will continue to raise interest rates as other central banks ease policy. On Friday, the dollar rose 0.75 percent to 113.26...
Source: Reuters | By: Dion Rabouin