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Fri Aug 22, 1:14 PM ET LONDON (AFP) - The FTSE 100 index finished near its session high Friday as investors took heart from signs of more merger and acquisition activity in the banking sector.
"Speculation that a Korean bank may look to buy troubled Le..
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Fri Aug 15, 3:44 AM ET (Reuters) - Google Inc's (GOOG.O) India subsidiary is being sued for alleged defamation in the Bombay High Court by an Indian construction equipment company, The Wall Street Journal said.
Mumbai-based Gremach Infrastructure Equip..
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By JEANNINE AVERSA, AP Economics Writer 10 minutes ago WASHINGTON - The nation's unemployment rate climbed to a four-year high of 5.7 percent in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work...
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by Ben Perry 12 minutes ago LONDON (AFP) - The Bank of England held its key short-term interest rate at 5 percent on Thursday in the face of high inflation, sliding economic growth and a housing market downturn.
Analysts said Britain's economy needed a..
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Wed Jul 2, 11:02 AM ET LONDON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Wednesday that high oil prices, further home price declines and capital markets turmoil will prolong the American economy's slowdown, while Europe and the UK were al..
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By Walker Simon 44 minutes ago NEW YORK (Reuters) - Stock futures on Monday pointed to a lower open on Wall Street as oil climbed to a new high, threatening to push the Dow average again into bear market territory.
Oil rose nearly 2 percent, hitting a..
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By Jane Merriman and Santosh Menon 46 minutes ago LONDON (Reuters) - Oil leapt to a new record high above $142 a barrel on Friday, extending gains after surging nearly 4 percent in the previous session, as tumbling global stock markets helped to trigger..
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20 minutes ago NEW YORK (Reuters) - Stock index futures hit a session high on Thursday after weekly jobless claims showed a decline in the number of people seeking initial unemployment benefits.
S&P 500 futures were up 4.4 points, above fair value, a m..
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By Jennifer Coogan 12 minutes ago NEW YORK (Reuters) - Wall Street looked set for a weaker market open on Wednesday after FedEx Corp (FDX.N) reported quarterly results and gave a dismal outlook due to high fuel prices and a weak U.S. economy.
Adding to..
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By Nigel Hunt Mon Jun 16, 7:32 AM ET LONDON (Reuters) - Corn prices surged to a record high on Monday and looked set to climb further as widespread flooding in a key producing region, the U.S. Midwest, helped to heighten concern about tight supplies, de..
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By Alex Lawler 2 hours, 17 minutes ago LONDON (Reuters) - Oil prices, which last month hit a record high above $135 a barrel, will probably rise to $140 soon, the head of Libya's National Oil Corporation (NOC) said on Friday.
Investment bank Morgan Sta..
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Sun Jun 1, 2:36 PM ET BERLIN (AFP) - The head of the German employers' federation Dieter Hundt warned that long-term high inflation would have a devastating impact on Europe's biggest economy, in an interview published Sunday.
"If inflation remains hig..
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By Julie Steenhuysen 1 hour, 17 minutes ago CHICAGO (Reuters) - A high dose of the arthritis drug Celebrex showed early signs that it may help prevent lung cancer in heavy smokers, U.S. researchers said on Sunday.
The Pfizer Inc (PFE.N) drug, also know..
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1 hour, 25 minutes ago NEW YORK (Reuters) - A gauge of future U.S. economic growth slipped in the latest week but its annualized growth rate, while still in recessionary territory, was at a 22-week high, indicating improvement in short-term growth prosp..
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40 minutes ago MAPUTO (AFP) - Africa's economy will grow by 6.0 percent this year and next, an acceleration from 2007, owing to high oil prices and demand for commodities, research from the African Development Bank (AfDB) showed Monday.
The joint resea..
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By Santosh Menon 8 minutes ago LONDON (Reuters) - Oil hit a new peak above $126 on Friday, the fifth straight session of record gains, in a market given an additional spur by tight supplies of diesel.
U.S. crude for June delivery rose $1.32 to $125.01..
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1 hour, 43 minutes ago LONDON (Reuters) - U.S. crude oil futures rose to a fresh record high of $125.98 a barrel on Friday.
They were trading $2.11 higher at $125.80 by 7:09 a.m. EDT.
(Reporting by Ikuko Kao)..
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By Jane Merriman 1 hour, 34 minutes ago LONDON (Reuters) - Oil set a new record high of $122 a barrel on Tuesday, the latest spurt in an advance that has seen prices double over the past 12 months.
Supply disruptions in Nigeria, where a strike and atta..
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By Santosh Menon 5 minutes ago LONDON (Reuters) - Oil fell more than $2 a barrel on Tuesday, retreating further from a record high hit a day before, as the dollar firmed and a strike ended at Britain's Grangemouth refinery.
U.S. light crude for June de..
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Mon Apr 21, 6:34 PM ET CAMERON, Louisiana (Reuters) - U.S. Energy Secretary Sam Bodman on Monday said he did not favor releasing the nation's strategic oil reserves to help bring down record high crude prices.
"You could affect things for a week or a m..
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