Royal Bank of Scotland announced thousands of new job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability.
The euro edged up on Thursday supported by healthy results at Spanish and French bond auctions and stable global equities, but investors remained cautious ahead of a key reading on the U.S. labor market on Friday.
Pakistan tightened security in the eastern city of Lahore on Thursday after three bomb attacks killed 33 people and wounded 171 and pressured the U.S.-backed government already overwhelmed by floods.
Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping dampen fears the economy could face a double dip recession.
Stocks rose and U.S. Treasuries fell on Thursday as U.S. data showed strength in the economy, but investors were mainly focused on Friday's closely followed U.S. unemployment report for economic clues.
A buyout deal for Burger King Holdings Inc <BKC.N> by investment firm 3G Capital is being valued at $24 per share, or about $4 billion (2 billion pounds), cable business channel CNBC reported on Thursday.
The S&P 500 and Nasdaq advanced on Thursday, building on their best day in eight weeks in the previous session as data showed an improvement in pending home sales and a drop in initial jobless claims.
A buyout deal for Burger King Holdings Inc by investment firm 3G Capital is being valued at $24 per share, or about $4 billion (2 billion pounds), cable business channel CNBC reported on Thursday.
The following are highlights from Federal Reserve Chairman Ben Bernanke's testimony on Thursday to the Financial Crisis Inquiry Commission on the problem of financial institutions that are too big too fail.
The following are highlights from Federal Reserve Chairman Ben Bernanke's testimony on Thursday to the Financial Crisis Inquiry Commission on the problem of financial institutions that are too big too fail.
Powerful Hurricane Earl bore down on the U.S. East Coast on Thursday on a path towards North Carolina's barrier islands, which it was expected to lash with dangerous winds and pounding surf.
The European Central Bank held interest rates at a record low on Thursday and extended its liquidity safety-net in response to a lopsided recovery and worries about vulnerable banks.
A buyout deal for Burger King Holdings Inc by investment firm 3G Capital is being valued at $24 per share, or about $4 billion (2 billion pounds), cable business channel CNBC reported on Thursday.
The S&P 500 and Nasdaq gained on Thursday, building on their best day in eight weeks in the previous session as data showed an improvement in pending home sales and a drop in initial jobless claims.
Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.
World stocks hit a two-week high on Thursday as optimism from strong U.S. and Chinese manufacturing data extended into a second day while the euro gained, drawing support from solid French and Spanish bond auctions.
U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
Royal Bank of Scotland announced thousands of new job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability.
The European Central Bank held interest rates at a record low on Thursday and is expected to keep its liquidity safety-net for banks in place as well amid a lopsided recovery and worries about vulnerable banks.
House prices fell much faster than expected last month and construction activity slowed, industry surveys showed on Thursday, reinforcing concerns that economic growth will fall off sharply.
New claims for U.S. unemployment benefits fell last week, but were still too high to signal a change in fortune for the troubled labor market.
India has expunged the ban on export of coconut oil and allowed exporters to ship coconut oil in 5 kg packets from 13 ports in India.
Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, hopeful signs for the sputtering economic recovery.
Contrary to popular belief, small diesel vehicles are more environmentally friendly than their lithium-ion battery counterparts, a study suggests.
A buyout deal for Burger King Holdings Inc by investment firm 3G Capital is being valued at $24 per share, or about $4 billion, cable business channel CNBC reported on Thursday.
Stocks rose on Thursday, building on their best day in eight weeks in the previous session, as data showed pending home sales improved and initial jobless claims declined.
The European Union said it remained concerned over a gas deal between Russia and Poland.
The EU said terms for access to a gas pipeline under a deal between Russia's Gazprom and Poland's PGNiG may breach European competition law.
Ruling party powerbroker Ichiro Ozawa pledged bold steps on Thursday to fix Japan's flagging economy if he becomes premier, floating tax cuts and threatening to intervene in currency markets to curb the yen's rapid rise.
Oil fell further below $74 a barrel on Thursday, weighed by record high inventories in top consumer the United States and investor caution ahead of U.S. employment reports.
AOL Inc said on Thursday it has renewed a search agreement with Google Inc, further cementing a decade-long partnership as AOL tries to turn around its business.
