WASHINGTON U.S. consumer spending in June advanced at its slowest pace in four months as demand for automobiles softened, suggesting the economy lost some momentum at the end of the second quarter.
ATHENS Greece's stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears that the country was about to be dumped from the euro zone.
Aug 3 Struggling retailer Sears Holdings Corp said on Monday comparable store sales in the United States fell sharply in the second quarter, sending its shares down 8 percent to a more than three-year low.
A Puerto Rico agency is poised to default on bonds for the first time Monday, initiating a clash with creditors as the struggling commonwealth seeks to renegotiate its $72 billion debt load.
HSBC 581.3p +1.6p. Questor says Hold. The sale of HSBC's [LON:HSBA] Brazilian arm is the latest step in a retrenchment that could eventually see the banking giant up sticks and move its headquarters back to Hong Kong.