Germans Jens Weidmann and Juergen Stark led a four-man group who opposed the reactivation of the European Central Bank's bond-buying programme, central bank sources said on Friday.
U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.
U.S. stock index futures rallied more than 1 percent on Friday after a report showed job growth accelerated more than expected in July as private employers stepped up hiring.
The U.S. economy unexpectedly added 117,000 jobs in July and the unemployment rate dipped to 9.1 percent, the U.S. Labor Department announced Thursday. Equally significant, the private sector added 154,000 jobs. The report was a pleasant surprise, but the nation is still in a deep hole job-wise -- short about 14 million jobs.
Wall Street equity futures were little changed on Friday, a day after U.S. stocks suffered their worst selloff since the middle of the financial crisis in early 2009 and ahead of the critical payrolls report.
When Charles Berry started his career as a bonds trader in 1993, he used to draw point and figure charts on pieces of paper. He checked his old charts recently to remind himself how calm markets were in those days. Back then, it took three months for a price to move 200 ticks -- the measure traders use to show changes in futures or currency markets. Now the market moves 400 ticks in a week.
The leaders of Germany, France and Spain will hold crisis talks about Europe's spiraling debt crisis on Friday after China and Japan called for global policy cooperation following a market rout.
Wall Street equity futures were lower on Friday ahead of the critical payrolls report, a day after U.S. stocks suffered their worst sell off since the middle of the financial crisis in early 2009.
The leaders of Germany, France and Spain will hold crisis talks about Europe's spiraling debt crisis on Friday after China and Japan called for global policy cooperation following a market rout.
Japan's finance minister said he was closely watching yen moves on Friday, signaling a readiness to continue selling the currency after intervention on Thursday that likely totaled a record amount around 4.5 trillion yen ($56 billion).
Stock index futures pointed to a lower open on Wall Street on Friday, adding to the two-week slump as investors continued to sell, spooked by the prospect of another recession.
China and Japan called for global cooperation on Friday after a financial market rout signaled fear that Europe's debt crisis could spin out of control and the U.S. economy may slide into another recession.
Royal Bank of Scotland slid to a pretax loss of 678 million pounds ($1.1 billion) in the second quarter, bruised by writedowns on Greek government bonds and Irish customers struggling to repay loans.
ZURICH, Aug 5 - Swiss National Bank Chief Philipp Hildebrand will not put up with further appreciation in the franc without acting, a Swiss newspaper has reported him as saying.
Royal Bank of Scotland slid to a pretax loss of 678 million pounds ($1.1 billion) in the second quarter, hit by losses on Greek government bonds and Irish customers still struggling to repay loans.
The yen plunged briefly against the dollar on Friday, spurring market talk that Japan intervened again after a massive campaign the day before to tame the currency, but there was no official confirmation of government action.
China's top official newspaper on Friday dismissed as irresponsible suggestions Beijing was the state actor behind massive Internet hacking of governments and companies that security company McAfee this week said it had discovered.
A gauge of online labor demand in the United States grew in July compared to a year earlier, but dipped on a monthly basis as the need for employees slowed in the summer months, a private research group said on Friday.
China should let the yuan float as soon as possible to halt a further build-up of China's foreign exchange reserves and avoid destructive losses in its dollar investments, a former central bank adviser said in comments published on Friday.
Leaders from European powerhouses Germany and France will hold talks on Friday after a global market rout signaled fear Europe's debt crisis is spinning out of control and a U.S. recovery is stalling.
Jobs data on Friday could prove a make-or-break moment for global financial markets increasingly alarmed that the world's largest economy could skid into a fresh recession.
Bank of New York Mellon Corp is charging some of its big customers a fee for large deposits, a sign of the fear in markets as investors flee risky assets for the safety of cash.
A software security expert warned that flaws in the design of business management software from SAP AG can allow hackers to easily break into corporate computer systems via the Internet.
Former Goldman Sachs Group Inc director Rajat Gupta and the U.S. Securities and Exchange Commission are dropping litigation against each other stemming from the sprawling federal insider trading probe.
Japanese Finance Minister Yoshihiko Noda on Friday repeated that he was closely watching yen moves, signalling Tokyo's readiness to continue with its yen-weakening intervention that media said reached a record 4 trillion yen ($50.6 billion).
New York's attorney general will oppose Bank of America Corp's $8.5 billion settlement over repurchasing toxic mortgage loans, joining a growing number of unhappy mortgage bond buyers now fighting the pact reached with some of the largest institutional investors in the country.
Online travel agency Priceline.com on Thursday posted a higher quarterly profit that topped analysts' expectations as strong growth at its overseas markets boosted bookings.
Professional networking site LinkedIn's quarterly revenue more than doubled, as the company sets off to prove it can fulfill the promise of its splashy IPO and rich valuation.
Investors fled Wall Street in the worst stock-market selloff since the depths of the Great Recession in early 2009 in what has turned into a full-fledged correction.
The number of Americans claiming new unemployment benefits was steady last week and heavy discounting lifted sales at retailers in July, hopeful signs for the sputtering economy.
