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Abu Dhabi is taking over management of the city’s port from neighboring Dubai’s port firm DP World, which manages similar facilities around the world.
DP World and Abu Dhabi Terminals said Thursday that ADT will assume management control of Mina Zayed in the new year, when an existing management services agreement expires. The move won’t have […]

U.S. retailers’ 2010 holiday sales jumped 5.5 percent for the best performance in five years as shoppers snapped up clothing and jewelry at Macy’s Inc., Tiffany & Co. and other stores.
Retail sales, excluding autos, rose to $584 billion from Nov. 5 through Dec. 24, said MasterCard Advisors’ SpendingPulse, which measures retail sales by all […]

Wall Street’s biggest bond-trading firms say investors in U.S. government debt will barely break even next year as yields climb from the lowest levels since the 1950s and the Federal Reserve boosts economic growth.
Investors buying benchmark 10-year notes will gain about 1 percent in 2011 once interest payments are re-invested, as the yield rises […]

John Lewis Partnership Plc said weekly sales at its U.K. department stores rose 30.6 percent to 97.1 million pounds in the period ending Dec. 25 compared with last year.
Online sales on Christmas Day increased by 45 percent, the company said in an e-mailed statement today bad credit payday advance.
Source

South Korea may face the risks of a foreign capital influx and asset bubbles if interest rates are increased further to curb inflation, the Ministry of Strategy and Finance said.
“Raising interest rates to contain inflation could easily cause a herd behavior in foreign capital inflow and create asset bubbles,” the ministry said in an […]

Investors retreated from bond mutual funds last week at the highest level in two years, pulling out $8.62 billion in the week ended Dec. 15, the Investment Company Institute said Wednesday.
That’s the largest single-week pullback from bonds since the week ending Oct. 15, 2008, when investors took out $17.60 billion.
The trend is driven mostly by […]

(Corrects first paragraph to say Italy is euro region’s third-biggest economy.)
Italy’s unemployment rate declined in the three months through September from near the highest since 2003 as the euro region’s third-biggest economy expanded for a third quarter.
Joblessness fell to a seasonally adjusted 8.3 percent, from a revised 8.4 percent, statistics institute Istat said […]

Tommaso Padoa-Schioppa, architect of the euro currency and founding member of the European Central Bank’s executive board, has died, according to a person close to his family who asked not to be identified by name. He was 70.
Padoa-Schioppa died after suffering a heart attack in Rome last night while at a dinner with about […]

Canadians will be paying more for store bought coffee in the New Year, as a shrinking global supply and increasing demand continues to push up the price.
A recent spate of extreme weather in Colombia paired with a growing taste for higher quality beans and a diminished global stockpile could result in a 30 to 50 […]

Protesters clashed with riot police across Athens on Wednesday, torching cars, hurling gasoline bombs and sending Christmas shoppers fleeing in panic during a general strike against the government’s latest austerity measures.
Police fired tear gas and flash grenades as the violence escalated outside parliament and spread to other parts of the capital.
Angry unions triggered the 24-hour […]