NEW YORK - WALL Street stocks crept higher on Tuesday as investors looked for signs of recovery from recession amid a flurry of economic reports in the final market session of the second quarter.
ASHINGTON - US CONSUMER confidence sank in June amid the prolonged recession, retreating from an eight-month high the prior month, the Conference Board said on Tuesday.
LONDON - LLOYDS Banking Group said on Tuesday it will cut a further 2,100 jobs, bringing the total number of job losses to about 7,000 since the group took over rival HBOS in January.
Lloyds said the jobs would go at its wholesale business and at a group level as it strips out duplicate roles following the HBOS takeover which was engineered by the British government at the height of last year's banking crisis.
GENEVA - MORE than 60 airlines lost more than US$3.0 billion (S$4.34 billion) during the first three months of this year in the face of a steep fall in demand, the top industry association IATA said on Tuesday.
'This deterioration was before the recent rise in fuel prices and was due mostly to the fall in revenues, as a sharp fall in yields added to the impact of weak travel and freight volumes,' said the the International Air Transport Association.
