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HuaweiGold fell on Friday from near six-month highs hit the previous day, with the European Central Bank’s (ECB) bond buying programme placed on the backburner as markets awaited US jobs data for clues on possible stimulus from the Federal Reserve.
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Myanmar’s parliament on Friday passed an eagerly awaited new law aimed at boosting foreign investment in the former pariah state, which is emerging from decades of military rule.
Gains in miners outstripped falls in defensive stocks as the impact of the ECB’s bond-buying plans helped push the FTSE 100 up by midday on Friday, while investors were also hoping for solid US jobs data later in the day.
Copper rose to its highest price in nearly four months on Friday, driven by big metals consumer China’s approval of a multi-billion dollar infrastructure programme and the European Central Bank’s plan to shore up its region’s economy.
Japanese government bond prices fell for a second day on Friday after the European Central Bank unveiled a bond-purchase scheme to help rein in soaring yields in some southern euro zone countries, sparking rallies in equities and other risk assets.
FRANKFURT — The European Central Bank agreed on Thursday to launch a new and potentially unlimited bond-buying programme to lower struggling eurozone countries’ borrowing costs and draw a line under the debt crisis.
SAN FRANCISCO — Facebook Chief Executive Officer Mark Zuckerberg, faced with a plummeting stock price and deluge of shares hitting the market, said he won’t start selling his holdings in the company for at least a year.
NEW YORK - US.stocks rallied on Thursday on positive US economic data and the European Central Bank’s agreement to launch a new and potentially unlimited bond-buying program to lower struggling euro zone countries’ borrowing costs.
The number of planned layoffs at US companies dropped for a third straight month in August and hit a 20-month low, a report showed on Thursday.
PARIS — The French economy will probably grow by less than expected next year, the OECD’s chief economist said Thursday, making it harder for the new government to reduce an excessive public deficit.