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HuaweiLONDON - British firms built less in May than a year earlier even with an extra working day, official data showed on Friday, further denting hopes that the struggling economy emerged from recession in the second quarter.
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LONDON - Strength in heavyweight commodity stocks lifted Britain’s top share index on Friday after growth rates in China slowed, fuelling expectations of more moves to stimulate the world’s second largest economy.
MADRID — Spain’s battered banks, struggling to raise money as they await a vast eurozone rescue, pushed borrowing from the European Central Bank (ECB) to a record high in June, data showed Friday.
Global stock markets were higher Friday after China said its economy grew in the second quarter at its slowest pace since 2009, numbers in line with analyst expectations.
GENEVA — Eurozone nations must act now to prevent creating a further 4.5 million unemployed workers in the next four years, the head of the UN’s labour agency warned on Wednesday.
MILAN/LONDON - Italian fashion house Valentino has been snapped up by the Qatari royal family for 700 million euros ($857.5 million), the latest purchase of a top European luxury brand by an emerging market investor.
BANGALORE/MUMBAI - Indian IT heavyweight Infosys has cut its sales forecast more deeply than expected after global economic uncertainty eroded tech spending, hitting both its shares and hopes for a second-half recovery.
LONDON - Gold fell 1 percent on Thursday after the minutes of the Federal Reserve’s most recent meeting gave no indication that US policymakers were gearing for additional action to stimulate growth, lessening the chances of a boost for the bullion price.
LONDON - European shares weakened on Thursday in a broad-based sell-off after minutes of the US Federal Reserve’s June meeting dampened hopes for more risk-asset-boosting stimulus in the near term.
HONG KONG — Asian markets plunged Thursday on growing fears of a regional slowdown after South Korea unexpectedly cut interest rates and Japan’s central bank failed to announce major new stimulus measures.
