Wednesday, March 13, 2013

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US retail sales up solid 1.1% in February
Economic Times
WASHINGTON: Americans spent at the fastest pace in five months in February, boosting retail spending 1.1 percent compared with January. About half the jump reflected higher gas prices, but even excluding gas purchases, retail sales rose 0.6 percent.
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Economic Times
Wall Street little changed, retail sales support
Moneycontrol.com
Wall Street little changed, retail sales support. Wall Street started Wednesday little changed after enthusiasim over surprisingly strong retail sales was tempered somewhat by investors taking a pause after the recent rally. Source: Reuters. Share ...
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Moneycontrol.com
Govt enforces KYC norms on retail purchase of gold
Moneycontrol.com
The government, in a masterstroke to curb gold imports, has made an amendment to extend the purview of the Prevention of Money Laundering (PML) Act to enforce Know Your Customer norms for retail purchases of gold and precious stones. CNBC-TV18's ...
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Food prices push retail inflation
Times of India
This is the third consecutive month when retail inflation has remained in double digits. The data showed that cereal prices rose an annual 17.04% in February, while pulses and products shot up 12.39% year-on-year. Eggs, meat and fish rose 15.72%, while ...
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TREASURIES-US prices fall on stronger retail sales
Reuters
February U.S. retail sales show largest rise since September * Fed buys longer-dated Treasuries as part of latest stimulus * U.S. Treasury to auction $21 bln of reopened 10-year notes By Chris Reese NEW YORK, March 13 (Reuters) - U.S. Treasury debt ...
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Forrester: Europe's online retail sales to grow 70% to €191bn by 2017, with ...
The Next Web
European online retail sales are expected to hit €191 billion ($249 billion USD) in 2017, up from €112 billion ($146 billion USD) in 2012, according to new data published today by Forrester. The forecast, which looks at 17 countries across Europe ...
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The Next Web
US stocks lose steam despite strong retail sales
GlobalPost
US stocks traded lower Wednesday despite a strong report on retail sales in February, as buying pressure eased after an historic eight-day winning streak for the Dow. About 35 minutes into trade, the Dow Jones Industrial Average was down 34.08 points ...
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Solid retail sales bolster economic outlook
Reuters
WASHINGTON (Reuters) - Retail sales expanded at their fastest clip in five months in February, the latest sign of momentum for an economy facing headwinds from higher taxes and pricier gasoline. The solid sales last month comes on the heels of strong ...
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Wall St dips despite upbeat retail data
Financial Times
Wall Street stocks edged lower in early activity on Wednesday even as retail sales data showed the US economy was gaining momentum. S&P 500 fell 0.1 per cent to 1,549.59 in the first 30 minutes of trading in New York. All 10 main industry groups on the ...
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Stocks Trade Flat, Despite Upbeat Retail Sales; SSNI Soars in Debut
CNBC.com
On the economic front, retail sales jumped 1.1 percent in February, according to the Commerce Department, after a revised 0.2 percent gain in January. Economists had expected to rise 0.5 percent, according to a Reuters survey. (Read More: Retail Stocks ...
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US STOCKS-Futures dip after Italy auction; retail sales due
Reuters UK
Retail sales, import-export data due. * Coach climbs after upgrade. * Futures off: Dow 26 pts, S&P 2.9 pts, Nasdaq 5.25 pts. By Chuck Mikolajczak. NEW YORK, March 13 (Reuters) - U.S. stock index futures dipped on Wednesday after an Italian debt auction ...
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Stocks tally limited gains as retail sales rise
MarketWatch
NEW YORK (MarketWatch) -- U.S. stocks tallied mild gains after a neutral start Wednesday after the government reported retail sales jumped in February, enhancing the view of an ongoing economic recovery. Figures from the Commerce Department had ...
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BOND REPORT: Treasurys Erase Gains After February Retail Sales
NASDAQ
"Retail sales in addition to nonfarm payrolls legitimized that the economy is doing better," said Richard Gilhooly, an interest-rate strategist at TD Securities. "It's significant, and the market is treating it as such, but the referendum is in the ...
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Reliance to beef up retail and 4G arms
Financial Times
Reliance Industries is planning a further increase in capital investment, potentially spending as much as $27bn by 2017 as India's largest company by revenues beefs up its retail business and expands into 4G telecoms later this year. Billionaire Mukesh ...
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MPs to launch inquiry into retail sector
Telegraph.co.uk
The all-party Business, Innovation and Skills Committee, which is chaired by Labour MP Adrian Bailey, is to examine the Government's support for the retail industry and has asked for written submissions by April 15. HMV, Blockbuster, Jessops, and ...
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Telegraph.co.uk
Stocks mixed despite strong retail sales report
Businessweek
Americans spent at the fastest pace in five months in February, boosting retail spending 1.1 percent compared with January, the Commerce Department reported Wednesday. Economists had forecast a rise of just 0.2 percent, according to data provider ...
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Treasurys erase gains as retail sales rise 1.1%
MarketWatch
Treasurys erase gains as retail sales rise 1.1%. 0 Comments. Tweet. new. Portfolio Relevance. LEARN MORE. Want to see how this story relates to your portfolio? Just add items to create a portfolio now: X Add. 10 Year Treasury Note (10_YEAR). Add ...
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CURRENCIES: Dollar Gains On Rise In U.S. Retail Sales
NASDAQ
LOS ANGELES (MarketWatch) -- The U.S. dollar advanced on Wednesday after February retail sales exceeded forecasts, underlining upbeat views on the outlook for the economy. The ICE dollar index (DXY), which measures the greenback against a basket ...
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Forex - USD/CAD little changed after US retail data
Investing.com
Investing.com - The U.S. dollar was little changed against the Canadian dollar on Wednesday after official data showed that U.S. retail sales rose more-than-expected in February. USD/CAD hit 1.0247 during early U.S. trade, the session low; the pair ...
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US STOCKS SNAPSHOT-Futures turn positive after retail sales data
Reuters UK
NEW YORK, March 13 (Reuters) - U.S. stock index futures erased earlier declines to turn positive after data showed retail sales rose more than expected in February. Investors were also perusing a separate report that showed import prices gained last ...
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U.S. Corporate Credit Swaps Hold as February Retail Sales Climb
Bloomberg
U.S. retail sales rose by 1.1 percent last month, Commerce Department figures showed today in Washington, as an improved job market and stronger household finances cushioned the effect of higher payroll taxes. The median projection of 82 economists ...
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Gold futures shrug off upbeat US retail sales data to move higher
Investing.com
Investing.com - Gold futures held on to modest gains during U.S. morning hours on Wednesday, despite data showing that U.S. retail sales rose by the most in five months in February, underlining the view the U.S. economy is gaining momentum.
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CANADA FX DEBT-C$ edges up on US retail sales and jobs boost
Reuters
C$ at C$1.0251 vs US$, or 97.55 U.S. cents * C$ seen trading between C$1.0220 and C$1.0320 on Wednesday * U.S. retail sales better than expected * Bond prices weaker across curve By Solarina Ho TORONTO, March 13 (Reuters) - The Canadian dollar ...
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Yen Erases Gain Versus Dollar After Retail Sales Top Forecast
Bloomberg
The yen erased gains against the dollar after a report showed U.S. retail sales in February exceeded forecasts. To contact the editor responsible for this story: Paul Cox at pcox16@bloomberg.net ...
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Dollar Hits 3-Month High Versus Euro as Retail Data Top Forecast
Businessweek
The South African rand fell to its weakest level versus the dollar since April 2009 after retail sales growth slowed in January as job losses, high debt levels and inflation curbed consumer spending in Africa's biggest economy. The currency depreciated ...
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South Africa Retail Sales Growth Slows as Spending Wanes
Bloomberg
South Africa Retail Sales Growth Slows as Spending Wanes. By Mike Cohen - 2013-03-13T11:54:51Z. South African retail sales growth slowed in January as job losses, high debt levels and inflation curbed consumer spending in Africa's biggest economy.
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Higher taxes could flatten online retail
Global Times
E-commerce has grown quickly in China and is now a major threat to many retailers largely because online businesses are exempt from the majority of the taxes that brick-and-mortar stores pay. Nevertheless, taxing online businesses isn't the way to ...
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US: Strong Retail Sales Gives Credence to Market View
FXstreet.com
The strong retail sales release for February is another piece of information that supports the recent upbeat market view on the economy. However, further improvement in income and/or credit is needed.
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Retail sales growth slows unexpectedly in January
BDlive
GROWTH in retail sales, which are a strong gauge of consumer spending, slowed unexpectedly to 1.9% in January compared with the same month last year, and far below the expected 3.7%, Statistics SA data released on Wednesday showed.
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BDlive


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