PARIS - European stocks rose on Friday, reversing a big portion of the losses suffered in the past three days, helped along by comments from an ECB official that rekindled expectations of action from the central bank to fight the debt crisis.
PARIS - European stocks rose on Friday, reversing a big portion of the losses suffered in the past three days, helped along by comments from an ECB official that rekindled expectations of action from the central bank to fight the debt crisis.
Gold prices firmed on Friday ahead of a speech from Federal Reserve chief Ben Bernanke in Jackson Hole, Wyoming, at which he is expected to give clues as to the likelihood of another round of U.S. monetary stimulus.
NEW DELHI — India has quietly revised a slew of key economic data ahead of new GDP figures due out on Friday, a move economists say raises questions about the reliability of the country’s financial records.
Barclays PLC on Thursday named the head of its retail and business banking operations as its new chief executive, as shares in the crisis-hit group dropped following news of a new investigation into the bank’s deals.
PARIS — Carrefour will have to cut staff and wages but won’t retreat from its model of offering everything from vegetables to dishwashers under one roof, new CEO Georges Plassat said on Thursday, as the French retailer announced as loss of (euro) 31 million ($39 million) in the first half.
PARIS — World stock markets slid Thursday after a survey suggested the eurozone is in recession and as a modest pickup in the U.S. dashed hopes for more stimulus from the Federal Reserve.
LONDON - Gold prices edged higher in Europe on Thursday, but were kept in a narrow range by uncertainty over how far the Federal Reserve will satisfy market speculation that it will unveil another round of measures to stimulate the U.S. economy.
PARIS — The eurozone crisis tops a list of threats to the global economy followed by the risk of a “hard landing” in emerging economies, ratings agency Moody’s Investors Service said on Thursday.
HONG KONG — Asian markets fell on Thursday after Wall Street closed flat in response to a mixed bag of US economic data, with trade cautious ahead of a speech by Federal Reserve chief Ben Bernanke.
LONDON — Europe’s main stock markets fell further on Thursday, mirroring losses in Asia, with traders cautious on the eve of a speech from US Federal Reserve chairman Ben Bernanke.