Gold rose to a 1-1/2 week high on Friday, benefiting from caution about the euro zone debt crisis and ahead of the key U.S. non-farm payrolls data which is likely to underscore the frail state of the world's largest economy.
EU and IMF inspectors will resume their inspection of Greece's finances on Sept 14, Financ e Minister Evangelos Venizelos said on Friday, after talks with the
Stock index futures fell on Friday ahead of labor market data expected to underscore fears the economy is headed for another recession and as concerns about the euro zone debt crisis resurfaced.
Gold prices held steady on Friday as investors stood on the sidelines ahead of a key U.S. payrolls report due later in the day, after recent data sent mixed signals about the status of the world's largest economy.
Europe's most indebted nations are under heavy pressure from their richer neighbors to sort out their finances, but they are unlikely to mimic the impoverished gentlefolk of old by selling off the family silver -- or in their case, gold -- to do so.
Some of the world's richest families are cutting their holdings in gold to take profits on the run-up in prices and are buying high-end art to preserve their wealth during market turmoil, an executive advising these families.
The agency that oversees mortgage markets is preparing to file suit against more than a dozen big banks, accusing them of misrepresenting the quality of mortgages they packaged and sold during the housing bubble, The New York Times reported on Thursday.
Talks between Greece and EU/IMF/ECB inspectors on whether it has met conditions for a new aid tranche have been put on hold, a Greek official said on Friday, a day after Athens admitted it would miss its budget deficit targets this year.
Stock index futures pointed to a lower open on Wall Street on Friday, with futures for the S&P 500, Dow Jones and Nasdaq 100 all down 0.7 percent at 5:18 a.m. EDT on fears the U.S. non-farm payrolls could be weaker than expected.
China's top search engine Baidu Inc offered a glimpse of its upcoming mobile operating system and launched a new mobile application platform on Friday aimed at bolstering its presence in the increasingly competitive mobile web market.
The Federal Reserve has asked Bank of America Corp to show what measures it could take if business conditions worsen, the Wall Street Journal said, citing people familiar with the situation.
China's top search engine Baidu Inc launched a new mobile application system on Friday, seeking to bolster its presence in the mobile web as competitors including Alibaba Group increase their mobile offerings.
Gold prices held steady Friday as investors stood on the sidelines ahead of a key U.S. payrolls report due later in the day
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Citigroup Inc has hired Deutsche Bank AG's David Murphy as head of its prime finance unit in Asia-Pacific, according to an internal memo seen by Reuters, as part of an plan to gain market share in the fiercely competitive industry.
Brent crude hovered at $114 a barrel Friday, on track for its second consecutive weekly gain, as investors eyed U.S. jobs data for clues on whether the world's largest oil consumer will be able to dodge a recession.
The problems of liquidity and confidence in Europe are not as severe as during post-Lehman crash, but are heading in that direction, ECB Governing Council member Luc Coene said in an interview published on Friday.
China's top search engine Baidu Inc on Friday launched its new mobile application system, Baidu Yi, it said in a statement.
New Japanese Prime Minister Yoshihiko Noda picked a relatively lightweight lawmaker as finance minister on Friday, signaling the fiscally conservative leader intends to call the shots on key economic policies himself.
Sagging consumer confidence probably discouraged already skittish U.S. businesses from stepping up hiring in August, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.
Sagging consumer confidence probably discouraged already skittish U.S. businesses from stepping up hiring in August, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.
New Japanese Prime Minister Yoshihiko Noda picked a relatively inexperienced lawmaker as finance minister on Friday, signaling the fiscally conservative leader will call the shots on key economic policies.
Jun Azumi, a former parliamentary affairs chief for the ruling Democratic Party, will become Japan's new finance minister, local media said, after new Prime Minister Yoshihiko Noda's first choice for the job reportedly turned it down.
Italian employers' group Confindustria slammed the government's austerity plan as weak and inadequate on Thursday and expressed concern about how Italy's economic problems are being handled.
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Greece will miss its budget deficit target this year, the government and its international lenders said on Thursday, but they disagreed on how big the fiscal derailment will be and what is to blame.
Jun Azumi, a former parliamentary affairs chief for the ruling Democratic Party, will become Japan's new finance minister, Fuji TV reported, after new Prime Minister Yoshihiko Noda's first choice for the job reportedly turned it down.
Amazon.com Inc has proposed a hiring spree of 7,000 jobs in California if state leaders put a recently enacted online sales tax on hold for two years.
August was a rotten month for stocks and it wasn't much kinder to some of the world's most successful hedge fund managers, early returns show.
