MARKETS / FINANCE

Around 60 percent of the $24.8 trillion credit derivatives market can rapidly move to central clearing and reduce systemic risk, but moving much beyond that could be counterproductive, according to market experts.

Good morning dear traders, how was your trading yesterday? This way I imagine a trading day: you put your orders into the trading platform and go for a walk with your dog. When you come back, the trade is completely running for you.

Thomas Cook , Europe's second-biggest travel firm, said on Friday it had raised over $1 billion through new sterling and euro bond issues with the proceeds to be used for general corporate purposes.

Stock index futures pointed to a lower open on Wall Street on Friday, with equities poised to reverse recent strong gains after Google's results, and ahead of General Electric and Bank of America earnings.

Global shares softened from 16-month highs on Friday after an unexpected jump in U.S. jobless claims tempered optimism over the global economic recovery.

European finance ministers discussed Greece's debt difficulties on Friday but said Athens was for now seeking to remove any obstacles to the rollout of emergency aid if needed, rather than requesting it officially.

by Vikram S SubhedarAsian stocks retreated from 22-month highs, and higher-yielding currencies fell, as investors booked profits after risky assets ran up in recent sessions on the back of good economic data.

Credit Suisse is hiring Vedika Bhandarkar, a veteran investment banker at rival JPMorgan , as head of investment banking for India, the Swiss investment bank said on Friday.

Top Federal Reserve officials on Thursday showed little urgency about softening the central bank's commitment to hold rates low for a long time, suggesting the Fed will repeat the pledge when it meets late this month.

A top executive at the world's largest bond fund said on Thursday that money market mutual funds should not exist in their current form.

Kyrgyzstan's mass anti-government protests last week were essentially the culmination of more than a decade of disillusionment and dissatisfaction that accumulated in the nation's political, economic and social spheres from the period of Akayev to his successor Kurmanbek Bakiyev, with virtually every Kyrgyz concerned about rising prices and falling standards of living, both issues of little concern and dimly understood in Washington.

Google Inc, its YouTube video service, and Yahoo Inc on Thursday filed counterclaims against Xerox Corp in a lawsuit accusing them of infringing the document management company's patents on Internet searches.

Google Inc posted a 23 percent jump in quarterly revenue on a rebound in Web advertising, but its stock fell 5 percent as the company disappointed some investors accustomed to blowout results.

The Australian dollar has opened relatively unchanged from yesterday following a mixed session offshore overnight.

The Australian Dollar opens steady on Friday at 0.9340 and was underpinned throughout yesterday's domestic session by stronger commodity prices and a solid start on local equities.

U.S. manufacturers were busy in April as factories ramped up production to rebuild inventories though soft labor markets still point to a relatively slow economic recovery.

In the summer of 2008, just months before giant mortgage lender Washington Mutual Bank flamed out and became the biggest bank failure in U.S. history, the thrift's regulators were squabbling over its financial condition.

Seven former wealthy U.S. clients of UBS AG were charged on Thursday with filing false tax returns, collectively hiding more than $100 million held offshore in Swiss accounts.

Credit card delinquency rates fell last month at most major U.S. lenders, with the exception of Citigroup Inc, in the latest sign that Americans are starting to climb out of the recession.

U.S. stocks posted their sixth straight day of gains on Thursday as an encouraging profit forecast from United Parcel Service lifted transportation shares, though concerns about a rise in weekly jobless claims limited the market's advance.

When Michelle Obama wore a J. Crew outfit on the Tonight Show during the presidential campaign, online sales for the clothing retailer went through the roof.

Lehman Brothers Holdings Inc , which filed the largest bankruptcy in U.S. history, won a federal bankruptcy judge's approval on Thursday to create a new asset management company.

Google Inc posted a 23 percent gain in first-quarter revenue, beating analysts' average estimate but only slightly exceeding the most bullish expectations on Wall Street.

Greece asked on Thursday for official talks with European authorities and the International Monetary Fund, a step toward Athens obtaining billions of euros in emergency loans.

Google Inc said its revenue grew 23 percent in the first quarter, beating Wall Street expectations.

Google Inc said its revenue grew 23 percent in the first quarter, beating Wall Street expectations.

The Federal Reserve's pledge to keep interest rates low for an extended period should reflect more conditionality on the state of the economy, a top official of the U.S. central bank said on Thursday.

Sluggish trading and low interest rates led to a 45 percent drop in profit at Charles Schwab Corp , matching its own worst-case-scenario forecast, but the brokerage said the worst has passed.

Private equity firm Quadrangle Group LLC settled its part of a long-running pay-to-play probe involving the state's $129.4 billion pension fund, but the accord excludes co-founder Steve Rattner, who remains under scrutiny.