Spanish banking unions brace for more job cuts

MADRID: Spanish banking unions are braced for thousands more job cuts this year, starting with redundancies at Spain's largest bank Santander after its merger with subsidiary Banesto.

Retail Chains' Race for Russia

Thanks to relative political stability and strong oil and gas prices, Russia's retail turnover more than quintupled from 2001 to 2011 and now exceeds US$600 billion annually.

Deposits stable in euro zone periphery in November: ECB

FRANKFURT (Reuters) - Consumers and firms' deposits in banks in troubled euro zone member states remained mainly stable in November, European Central Bank data showed, indicating that worst fears of bank collapses or even a euro zone exit are receding.

US fiscal cliff deal to slow growth: Economists

WASHINGTON: The political deal to pull the US away from the " fiscal cliff" will still hit economic growth and efforts to generate jobs, economists said Wednesday, but the country will avoid a feared recession.

After volatile year, area investment advisers are optimistic for 2013

If you've put in a worried call to your financial adviser recently, or just felt a little motion-sick watching the markets rise and fall, you're not alone.