US Retail Sales Beat Expectations in December

WASHINGTON, Jan 17 Reuters U.S. retail sales increased more than expected in December as consumers stepped up purchases of motor vehicles and retailers offered discounts, keeping the economy on solid ground heading into the new year. Retail sales rose 0.6 last month, the Commerce Department39;s Census Bureau said on Wednesday. Data for November was unrevised […]
Read More

Three of Big Six US Banks Tap Bond Market PostEarnings

Reuters Three of the six largest U.S. banks raised 23.25 billion in new bonds on Tuesday, kicking off an expected heavy week for new bank debt. Wells Fargo, tapped the bond market on Tuesday for 8 billion in fixed and floatingrate notes, in addition to senior unsecured fixedtofloating rate paper. Meanwhile, JPMorgan, sold 8.5 billion in […]
Read More

Aramco Boosts Venture Arms Capital by 4 Billion

Jan 17 Reuters Saudi Aramco said on Wednesday it has boosted its Aramco Ventures unit by 4 billion, more than doubling the oil giant39;s overall venture capital funding. The additional funding, 4 billion over four years, boosts Aramco Ventures39; capital to 7 billion. Aramco also has a 500 million venture capital fund Wa39;ed Ventures, which invests […]
Read More