Credit Card Interest Rates Remain Unchanged
Interest rates on new credit card offers stayed put for the second straight week.
SURVEY: Argentina June Trade Surplus Seen Sliding to $995 Million
Trade Balance: June May Apr Mar June/11 FY/2011 Forecast: +995M +$1.65B +$1.44B +$1.60B +$1.1B - Actual: - +$1.52B +$1.83B +$1.08B +$1.0B +$10.0B By Taos Turner BUENOS AIRES--Argentina's trade surplus likely fell notably last month as lower export volumes crimped the benefits of higher commodities
Credit Pact Lays New Charges on Consumers
Consumers should not get too excited about the $7 billion settlement between the big credit-card companies and retailers.
Brazil Mobile Phone Operators Scramble Over Investment Plans
Mobile phone operators in Brazil scrambled to pull together investment plans to present to the government after providers representing close to 70% of the market were banned from selling new lines due to the poor quality of service, while one company turned to the courts.
Regulators Close 2 Banks In Georgia, 1 In Florida
Financial regulators on Friday closed two banks in Georgia and one in Florida to bring the number of failed banks for 2012 to 36, the Federal Deposit Insurance Corporation said.
Mexico Stocks Close Higher on Cemex Earnings; IPC Gains 0.1%
Mexican stocks climbed higher Friday, led by gains in cement maker Cemex SAB (CEMEX.MX, CX) after the company reported a rise in quarterly cash flow in the U.S. for the first time in two years.
Rift Widens Over Visa, Mastercard Settlement
The lead lawyers who negotiated a $7.25 billion settlement with Visa Inc. (V) and MasterCard Inc. (MA) want to drop as a client a key trade group that opposes the pending deal.
More Choppiness to Come for Wall Street
We’ve entered the ‘summer doldrums,’ which may mean more volatility is on the way for stocks.