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HuaweiLONDON - Gold prices surrendered gains on Friday as the dollar moved into positive territory against a basket of currencies, but the metal stayed on track for its biggest quarterly gain in more than two years on the back of this month’s central bank easing measures.
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LONDON — Britain tightened the screws on troubled banks Friday, vowing to overhaul a “broken” Libor interest rate system that tainted the financial sector’s reputation, and threatening to jail those who abuse it.
LONDON — Market trading proved volatile Friday — the last working day of the quarter — as investors continued to fret over Spain.
PARIS — The French government presented a budget Friday that was heavy on taxes — including a controversial 75 percent income rate on high earners — but which critics said lacked fundamental reforms that could jumpstart economic growth.
NEW YORK - US stocks fell on Friday as investors locked in gains at the end of a strong quarter and amid uncertainty ahead of the result of stress tests on Spanish banks.
Starbucks will open its first outlet in India by the end of October in an upscale neighborhood of Mumbai and has appointed a chief executive to head its India joint venture, the company said on Friday.
Electronics giant Sony will invest 50 billion yen ($645 million) in scandal-tainted Olympus, the firms said Friday, as they both look to turn the page on disastrous chapters.
World stock markets rose on Friday after Spain announced severe budget cuts meant to show international lenders and investors that the country is taking steps toward getting its debt under control.
Violent protests in Madrid and growing talk of secession in Catalonia are piling pressure on Spanish Prime Minister Mariano Rajoy as he moves closer to asking Europe for rescue money.
Emaar Hospitality Group, the hospitality and leisure business of global property developer Emaar Properties, has further strengthened its global footprint, particularly in the fast-growing markets of Africa, with a new management contract to operate a uniquely designed resort near the world-famous Masai Mara in Kenya.
