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Greeks fail to agree on debt measures amid aid threat

Greece's prime minister failed to convince opposition leaders on Friday to support tougher austerity measures to free up EU/IMF aid needed to avert a debt default.

Wall Street gains in light volume on weaker dollar

U.S. stocks rose in light volume on Friday, with basic materials shares leading the way as commodity prices kept rising on the back of a weaker U.S. dollar.

Fitch cuts Japan credit rating outlook to negative

Ratings agency Fitch on Friday cut its outlook on Japan's sovereign debt, warning that the vast cost of a March earthquake and tsunami and the still-unknown bill for the clean-up after the nuclear disaster would further strain the country's already shaky public finances.

Gold Price Up On Week As German Anger Grows With Cheating Greece

The Dollar Gold Price traded in a $3 range around $1526 per ounce on Friday morning in London, while stocks and commodities were up and the Euro rallied despite concerns the IMF may halt the latest payment of Greece's €110 billion bailout.

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Consumer spending tepid, inflation accelerates

The U.S. economy stayed on a sluggish growth path early in the second quarter, with high gasoline prices constraining consumer spending and helping to push pending home resales to a seven-month low in April.

Wall St gains on energy, materials; trading light

Wall Street rose on Friday, led by energy and materials stocks as commodity prices firmed in light trading before the long Memorial Day holiday weekend.

Hopes of softer capital rules lift European banks

European bank shares rose Friday on hopes that new international capital rules for lenders would be applied with a lighter touch in the European Union as Germany and France demand more leeway.

California may review of AT&T/T-Mobile USA deal

California regulators may open a formal examination of AT&T Inc's proposed $39 billion purchase of T-Mobile USA, a move that could delay or add conditions to approval of the deal.

Instant view: Consumer spending tepid in April

Consumer spending rose less than expected in April as high gasoline prices continued to squeeze household budgets, in government data on Friday which also showed annual inflation at its fastest pace in a year.

HSBC shareholders vent anger over pay plan

HSBC <0005.HK> faced a fresh backlash from investors on Friday over high executive pay and mediocre returns, echoing the stinging attacks of a year ago that it had tried to duck by revamping its remuneration package.

Morgan Stanley loses bid to toss MBIA lawsuit

A New York judge rejected Morgan Stanley's bid to throw out a lawsuit accusing the bank of fraudulently inducing bond insurer MBIA Inc to insure $223.2 million of risky mortgage debt.

Consumer spending tepid as inflation accelerates

Consumer spending rose modestly in April, starting the second quarter on a soft note as high gasoline prices continued to squeeze household finances and keep inflation pressures simmering.

Pending home sales plunge in April

Pending sales of existing U.S. homes dropped far more than expected in April to touch a seven-month low, a trade group said on Friday, dealing a blow to hopes of a recovery in the housing market.

Wall Street gains on commodities but home sales off

Stocks were higher on Friday as bullish comments about Greece caused the dollar to fall, resulting in strength in commodity prices.

HSBC faces shareholder trial over costs, pay

HSBC Holdings Plc <0005.HK> faces scrutiny from investors over its ambitious plans to cut costs and lift waning profits, as well as a revamped pay format for managers through which it hopes to placate critics.

Wall Street higher as dollar lifts commodities

Stocks were higher on Friday as bullish comments about Greece caused the dollar to fall, resulting in strength in commodity prices.

HSBC in shareholder trial over pay, returns

HSBC Holdings Plc executives faced investor anger on Friday over lackluster returns and high executive pay, prompting Chairman Douglas Flint to admit performance had been disappointing.

Consumer spending tepid

Consumer spending rose less than expected in April as high gasoline prices continued to squeeze household budgets, according to government data on Friday which also showed annual inflation accelerating at its fastest pace in a year .

Higher open seen as dollar lifts commodities

Stock index futures pointed to a slightly higher open on Friday as the dollar fell, giving a boost to commodities, and personal income rose in April.

Consumer spending tepid in April

Yandex over-allotment option takes IPO to $1.43 billion

Yandex said on Friday the underwriters of its recent blockbuster Nasdaq IPO had exercised an over-allotment option in full, bringing the total raised to $1.43 billion.

Deutsche Bank banker nabbed for carrying gun at HK airport

Hong Kong police have arrested a senior banker at Deutsche Bank for allegedly possessing a firearm, sources said on Friday.

Stock futures flat ahead of housing, sentiment data

U.S. stock index futures were little changed on Friday, with investors cautious before a long holiday weekend and economic data on pending home sales and consumer sentiment that could give the market direction.

Greeks hold crunch austerity talks amid aid threat

Greece's prime minister held talks with opposition leaders on Friday in a last-ditch attempt to win their support for more austerity and free up EU/IMF aid needed to avert a debt default.

Stock futures flat with sentiment, home sales data on tap

Stock index futures were little changed on Friday, with investors cautious before a long holiday weekend and economic data on pending home sales and consumer sentiment that could give the market direction.

Stock futures flat, consumer sentiment data on tap

Stock index futures were little changed on Friday after the Group of Eight leaders of rich nations said the world's economic recovery was more self-sustained but faced headwinds.

Eircom to speed up talks as covenant breach looms

Struggling Irish telecoms group Eircom said on Friday it must accelerate talks on restructuring its debt with shareholders and lenders ahead of a likely breach in its financial covenants within the next three months.

Senior Deutsche Bank banker nabbed for carrying gun at HK

Hong Kong police have arrested a senior banker at Deutsche Bank for allegedly possessing a firearm, sources said on Friday.

G8 says world economy gaining strength, eyes debt

The Group of Eight leaders agreed on Friday that the global economy recovery was becoming more self-sustained, although higher commodity prices were hampering further growth.

Spyker's Saab to restart production as Pangda visits

Struggling carmaker Saab said it would restart production by noon on Friday after an idle of almost two months due to a cash crunch, in time for a first visit by would-be Chinese partner Pangda <601258.SS>.

Fitch cuts outlook on Japan sovereign debt to negative

Ratings agency Fitch on Friday cut its outlook on Japan's sovereign debt to negative from stable, warning that the massive cost of a March earthquake and tsunami would put added strain on the country's already shaky public finances.

Toyota and Honda global output halves in April after quake

Production at Toyota Motor Corp <7203.T> and Honda Motor Co <7267.T> is likely to recover more quickly than initially feared after Japan's massive earthquake wreaked havoc with their supply chains and halved output in April.

Stocks rise for fourth day, dollar tumbles

Europe's shares advanced on Friday, led higher by banks after a media report that stringent capital requirements for European banks could be relaxed, and helping power world stocks up for the fourth straight day.

Euro gains though investors wary, Asian stocks rise

Asian stocks posted solid gains for a second consecutive day on Friday as market players scooped up bargains while the euro pushed higher, though the currency's gains may be limited for now as fears of a Greek default weighed on sentiment.

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