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HuaweiBEIJING/BANGALORE - The services sectors in emerging powerhouses China and India grew in July at a healthy pace, providing vital support for the two economies as their manufacturing sectors struggle with the global downturn.
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LONDON - Britain’s leading share index rose on Friday, recovering after sharp falls in the previous session, with financial stocks bouncing back led by Royal Bank of Scotland after its H1 results offered some comfort for hard-pressed investors.
SINGAPORE - Gold traded little changed on Friday, struggling to recover from a four-day losing streak after the European Central Bank stopped short of offering any immediate aid to contain the region’s debt crisis, while caution prevailed ahead of a key U.S. jobs report.
BANGKOK — Asian stock markets fell Friday after the European Central Bank’s policy meeting failed to deliver on bold promises of action to overcome the region’s prolonged debt crisis.
TOKYO - Sharp Corp shares plummeted on Friday as investor doubts grew about whether Japan’s last major maker of television panels, which is struggling with losses that are bleeding it of cash, will survive the sunset of country’s TV industry.
SINGAPORE - London copper steadied on Friday but was still set for its biggest weekly loss in two months after European Central Bank inaction disappointed markets and as worries over global growth dragged on the outlook for metals.
The United States raised pressure on eurozone leaders to take decisive action to solve the region’s debt crisis, notably by lowering troubled members’ borrowing costs, on the eve of a crucial European Central Bank meeting.
SINGAPORE - Gold found support at $1,600 an ounce on Thursday, although it was capped by uncertainty over whether the European Central Bank will take bold action to tackle the region’s debt crisis after the U.S. central bank dashed hopes of any imminent stimulus.
BERLIN — German airline Lufthansa blamed high fuel costs and new taxes on air travel in its home and Austrian markets for a 24 percent decline in second-quarter earnings.
FRANKFURT - European Central Bank President Mario Draghi was under intense pressure from investors, European leaders and even the United States to deliver on Thursday on his pledge to do whatever it takes to save the euro.