After the flood of Black Friday advertisements and mailings, it may be hard for Americans to imagine that there’s a place on earth where the Christmas season matters more to retailers than the U.S. There is: Britain.
Sony Corp. sold more than 1 million PlayStation 4 consoles in North America during the first 24 hours of sales, though the company said some buyers reported glitches including the device suddenly turning itself off.
Petroleos de Venezuela SA will sell $4.5 billion in bonds this week in the first issuance by a state entity since May 2012 as the government seeks to bolster shrinking reserves and curb the world’s fastest inflation.
Cathay Pacific Airways Ltd., the largest carrier of international air cargo, said it has seen only a small increase in freight ahead of the Christmas shopping season, prolonging an 18-month downturn in industry volumes.