McDonald's Corp. ( NYSE : MCD), the world's largest restaurant company, said Friday that sales in locations open 13 months or more increased by 3.3 percent, but sales declines in Japan and China . The result missed forecasts by analysts polled by Consensus Metrix had expected an increase of 5.3 percent.
The Federal Reserve is proposing that U.S. banks, large and small, abide by a rigorous interpretation of an international capital standards agreement known as Basel III.
Depositors from eurozone nations find the German banks as a safe haven for their money as the banking crisis gripped more nations in the region along with lack of any tangible solution to the sovereign debt crisis, so far. Deposits in the German banks recorded a 4.4 percent increase and reached 2.17 trillion euros ($2.73 trillion) as of 30 April, according to European Central Bank (ECB) statistics.
(Reuters) -- Asian shares and growth-linked currencies were under pressure on Tuesday as slowing economies in China and Europe and tension over Iran dampened sentiment, prompting investors to take profits from recent rallies that had been driven by ample liquidity. China 's move to lower its growth target and data pointing to Europe possibly slipping back into recession eroded the optimism that had been setting the tone since late in December, after the European Central Bank's first massive liquidity injection.
The Financial Services Union (FSU) claimed on Tuesday that Westpac Bank will axe 119 technology jobs and send them overseas as the lender cuts cost. The union said the bulk of the jobs to be lost would come from the Sydney Central Business District and Kogarah units and smaller numbers from Queensland, South Australia and Victoria
The pick up in the Australia n jobs market seems to be accelerating, judging by the latest ANZ job ads survey for February.