Spain said on Monday that foreign banks were refusing to lend to some of its banks in the latest twist to the euro zone debt crisis, but denied it was on the brink of seeking a Greek-style European financial rescue.
Britain's newly created budget watchdog downgraded economic growth forecasts on Monday but did not radically alter the scale of austerity measures required from the country's coalition government.
Stocks were set to open higher on Monday, building on last week's gains and tracking a rise in global equities, after strong euro zone industrial data reassured investors the global economic rebound is on track.
Good morning dear traders, welcome in a new trading week. There was not much action last Friday in EURUSD. In comparison to EURUSD the Cable had a real moving down after bad news of UK.
European Union leaders will make a new attempt this week to convince financial markets they can contain a debt crisis by agreeing how to tighten economic policy coordination and strengthen budget discipline.
BP Plc is unlikely to decide to cancel its dividend, a person familiar with the British energy giant said on Sunday, as the company faced pressure in the United States to suspend the payment to help pay for damage caused by a huge oil spill.
Britain's industry mediator has put forward confidential proposals to try to end a long-running dispute between British Airways and its cabin crew.
The Dow and the S&P 500 declined on Friday as May retail sales unexpectedly fell, though a better-than-expected read on June consumer sentiment and strength in tech lifted the Nasdaq.
Stocks were little changed on Friday as May sales at U.S. retailers fell unexpectedly, while a consumer sentiment index topped forecasts, offering a mixed picture of the health of the U.S. economy.
Stocks were set for a lower open on Friday after sales at U.S. retailers unexpectedly fell in May, stirring fears the economic recovery was losing some steam.
Stock index futures were little changed on Friday, with the benchmark S&P 500 on track for its best weekly performance in a month ahead of data on retail sales and consumer sentiment.
Stock index futures were little changed on Friday, with the benchmark S&P 500 on track for its best weekly performance in a month ahead of data on retail sales and consumer sentiment.
One of the best ways to get inside the head of British private equity boss Guy Hands is to study what gift he gives for Christmas. For years, Hands has sent friends and business associates a book he has recently read along with a letter discussing the work. The gift is designed to be both thoughtful and thought provoking.
Asian stocks rose for a fourth day on Friday on optimism that the world economic recovery was on track despite Europe's debt woes, while the euro was steady after a rally the previous day.
The Australian Dollar opens sharply higher today at 0.8490. During local trade on Thursday, the Aussie rallied above US83.50 cents after stronger-than-expected jobs data which provided further evidence of strength in the domestic economy.
The euro rose on Thursday for a third straight day as strong demand for Spanish bonds eased concern about the country's ability to finance its debt and a spike in Chinese exports boosted confidence on global growth.
U.S. shares of oil company BP Plc rebounded more than 10 percent in early trade on Thursday, a day after plunging nearly 16 percent on mounting fears about how the company will cope with the massive costs of the oil spill in the Gulf of Mexico.
The Bank of England made no change to interest rates or its bond purchase program on Thursday, as it waits for Britain's new government to reveal the extent of its fiscal austerity measures in a June 22 budget.
The Bank of England kept interest rates at a record low of 0.5 percent on Thursday, as widely expected, ahead of the new government's June 22 budget which will detail the extent of fiscal tightening Britain faces.
Shares in oil giant BP continued to fall heavily on Thursday, hitting their lowest level since 1997, even as the company said it saw no justification for such a move.
The Bank of England looks set to keep interest rates at a record low on Thursday -- and probably for the rest of this year -- as it seeks to bolster Britain's fragile recovery and offset painful government spending cuts.
Asian stocks rose on Thursday on higher-than-expected Chinese exports and assurances from Federal Reserve Chairman Ben Bernanke that the U.S. economic recovery was on solid footing, but European stocks were expected to open lower, tracking Wall Street's fall overnight.
