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HuaweiGold gave up early gains on Friday and was heading for its biggest weekly loss since December after growing fears of a global economic slowdown hit commodities, prompting investors to seek safety in the US dollar.
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Asian markets slipped on Friday following big losses on Wall Street in the wake of weak manufacturing data from China and Europe and downgrades for 15 of the world’s biggest financial groups.
NEW YORK - Stocks on major markets fell and crude oil prices slumped $2 a barrel on Thursday after data showed Chinese, European and US manufacturing activity slowing further, just a day after the Federal Reserve extended its monetary stimulus program.
BRUSSELS - The fate of the European Union’s banks, struggling to ride out the debt crisis, will take centre stage on Friday when ministers turn to the question of forging a banking union, a crucial step to stand behind their troubled lenders and the euro.
LONDON — Global markets fell on Thursday after the Federal Reserve balked at providing major new stimulus to the US economy, while key surveys showed manufacturing activity continued to contract in both China and Europe, raising concern over the outlook for the world economy.
LONDON - Gold fell below $1,600 an ounce in Europe on Thursday after the Federal Reserve disappointed gold bulls by failing to announce more aggressive monetary stimulus, though positioning ahead of the event prevented a sharper fall.
MUMBAI - India’s anti-trust regulator imposed a $1.1 billion fine on Thursday against 11 cement companies for price-fixing, in the largest-ever penalty ordered by the increasingly assertive regulator.
LONDON - Heavyweight commodity stocks fell in London on Thursday on fresh signs of economic weakness in China and concerns over growth in the United States, driving Britain’s top share index lower.
Greece moved to end its protracted political impasse, swearing in a new prime minister to lead a largely pro-bailout coalition tasked with saving the country’s place in the eurozone and easing a European financial crisis with global repercussions.
LOS CABOS, Mexico — The leaders of the world’s major economies embarked on the final day of the G20 summit Tuesday determined to kickstart growth and pull the eurozone back from the brink of disaster.
