DIRS.INFO The most relevant business & tech news

☆ Forget traveling to Europe. I get my fill of Spanish architecture, culture, and cuisine by visiting an excellent city in northeast Florida.
▼ + stars: | 2024-06-03 | by ( Megan Dubois | ) www.businessinsider.com time to read: +5 min

AdvertisementI made a point to visit the Villa Zorayda MuseumThe Villa Zorayda Museum was modeled after the Alhambra Palace in Spain. Megan duBoisI've passed by the Villa Zorayda Museum many times while exploring St. Augustine, but I'd never ventured inside until this visit. The Spanish influence is visible all over the city's architectureMore showcases of Spanish architecture can be found around the city. For a Spanish-inspired drink, I went straight to Columbia RestaurantI love the white sangria at Columbia Restaurant. I shared a pitcher of white sangria with two other people, and it was loaded with fresh citrus and a splash of Torres 10 brandy.

Persons: —, I've, Megan duBois I've, Augustine, I'd, Megan duBois, Ponce de Leon Hall, Leon Hall, Ponce de Leon, George Street, Castillo, San, Castillo de San, San Marcos — Organizations: Service, Business, Villa Zorayda, Villa Zorayda Museum, Ponce de, Leon, Ponce, Lightner, Museum, Spanish, Columbia, Historic District, San Marcos Locations: Spain, Barcelona, St, Augustine , Florida, Jacksonville, Granada, Moroccan, Ponce, Flagler, Ponce de, Spanish, Penedes, San Marcos, Castillo de San Marcos

☆ Australia Sept retail sales climb at fastest pace in 8 months
▼ + stars: | 2023-10-30 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

REUTERS/Daniel Munoz/file photo Acquire Licensing RightsSYDNEY, Oct 30 (Reuters) - Australian retail sales rose at the fastest pace in eight months in September, suggesting some resilience in consumer spending which would add to the case for an interest rate hike as soon as next week. The Australian dollar rose 0.4% to $0.6360, while three-year government bond yield hit a fresh 12-year high of 4.388%. "Downside risks to household consumption have been a key focus of the RBA, but those do not look to have been realised so far." The broad softening in consumer spending has been one major reason that the RBA has left interest rates unchanged for four straight months now. However, a sustained rebound in housing prices could lend some support to household consumption.

Persons: Daniel Munoz, Ben Dorber, Taylor Nugent, Downside, Stella Qiu, Tom Hogue, Edwina Gibbs, Miral Organizations: REUTERS, Rights, Reserve Bank of, Australian Bureau of Statistics, National Australia Bank, Thomson Locations: Sydney's, Australia, Reserve Bank of Australia, Queensland

Coles and Woolworths sell two-thirds of Australian groceries by dollar value, and are seen as bellwethers of consumer behaviour. Full-year NPAT of Woolworths is seen rising to A$1.74 billion from A$1.51 billion, and for Wesfarmers to A$2.47 billion from A$2.35 billion last year. Woolworths and Wesfarmers report annual results on Aug. 23 and Aug. 25, respectively. They added that rising operating costs are a headwind for retail companies, but focus will be on how these costs are managed. Reporting by Himanshi Akhand and John Biju in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Munoz, Jefferies, Coles, Tim Waterer, Himanshi Akhand, John Biju, Rashmi Organizations: REUTERS, Coles Group, Woolworths, KCM Trade, Kmart, Coles, UBS, Thomson Locations: Sydney's, Australia, Bengaluru

☆ Australia retail sales extend losing stretch to a third quarter
▼ + stars: | 2023-08-03 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

REUTERS/Daniel Munoz/file photoSYDNEY, Aug 3 (Reuters) - Australian retail sales volumes fell again in the June quarter as cost of living pressures and rising borrowing costs ate into consumer spending power, hampering economic growth and weakening the case for further interest rate hikes. Data from the Australian Bureau of Statistics on Thursday showed real retail sales fell 0.5% in the second quarter to A$35.2 billion ($23.02 billion), matching analyst forecasts. "The widespread fall in sales volumes reflects what retailers have been telling us about consumers focusing on essentials, buying less or switching to cheaper brands," said Ben Dorber, ABS head of retail statistics. Since sales account for around 17% of gross domestic product, the drop will weigh on economic activity and analysts expect barely any growth in the quarter. Thursday's data showed retail prices rose 0.9% in the second quarter, up from 0.7% the previous quarter.

Persons: Daniel Munoz, Ben Dorber, Alan Oster, Oster, Wayne Cole, Muralikumar Anantharaman, Simon Cameron, Moore Organizations: REUTERS, Australian Bureau, Statistics, Reserve Bank of Australia, NAB, Thomson Locations: Sydney's, Australia

Search resuls for: "George Street"

4 mentions found