On Wednesday, HNA Tourism Group Co Ltd, a Chinese company which is a unit of HNA Group Co Ltd, the aviation and shipping conglomerate, said it has agreed to buy Carlson Hotels.

Financial troubles pushed Sport Chalet, the fifty seven year old, La Cañada Flintridge based chain to shutter forty seven of its of stores Southern & Northern California, Arizona, Nevada, and Utah, the company announced this month.

There were changes in the interest rates this time but the Federal Reserve left doors open for a hike in June when the Federal Open Market Committee meets next on June 14 and15.

The recent from FOMC remained more or less the same as the earlier one and gave no strong indications regarding the decision that will be taken during the meeting in June. The intention of the Federal Reserve will surface in three weeks as the minutes for this meeting are released.

In the first three months of the year the core inflation in Australia have probably eased further but most economists say that it will not be sufficient to power a cut in the cash rate.

According to them, the focus of the Reserve Bank of Australia on the boosting the labor market and spurring business confidence and growth means, the financial agency will look through softer consumer price data as it is expected to be published in this week on Wednesday.

US analysts predict that Costco could raise its annual membership fees next year. The action might be mainly due to slowing growth in revenue. The prediction says the retailer might spike its yearly fees by approximately ten percent in the coming year.

On Friday, Michael Lasser , an analyst with New York  based UBS said, he was not completely sure that the company will raise the fees but he was projecting firm growth for Costco next year , partially counting  the expected increase.