Gold prices slipped Friday to a two-week low as a surging dollar offset support from rising equities, higher crude oil prices and strong investor demand for gold.
The Italian government was forced to pay out a record 6.5 percent in interest rate at an auction on Friday, thereby putting even more pressure on the nascent government of Prime Minister Mario Monti.
Italy paid a record 6.5 percent to borrow money over six months on Friday and its longer-term funding costs soared far above levels seen as sustainable for public finances, raising the pressure on Rome's new emergency government.
German patent firm IPCom said on Friday it plans to ban as quickly as possible the sale and distribution of all HTC 3G devices in Germany following an earlier ruling against the Taiwanese firm.
Stocks rose in thin trade on Friday, rebounding from six days of losses as a buoyant start to the holiday shopping season offset some concerns about the euro zone's debt crisis.
Europe has still not found a solution to its sovereign debt crisis that would restore investor confidence, European Commission President Jose Manuel Barroso said on Friday, advocating greater integration as the way to move forward.
Stocks rose on Friday, on course to snap a six-session losing streak, as a buoyant start to the holiday shopping season helped offset fears about the euro zone's debt crisis after another leap in Italian bond yields.
Euro zone member states are discussing dropping private sector involvement from the permanent bailout mechanism that is due to come into force in 2013, four EU officials said on Friday.
Stock index futures pointed to a seventh straight session of losses on Friday, their longest losing streak in four months, as fears about the euro zone's debt crisis overshadowed what appeared to be a buoyant start to the holiday shopping season.
A global accounting rule that was rehashed under pressure from policymakers in the financial crisis has to be revised, sparking industry fears it could make standard setters vulnerable again to political influence.
Gold prices fell Friday in what appeared to be their second straight weekly retreat in the face of a Eurozone crisis, which after two years has yet to be contained, let alone solved, and now threatens Europe's financial liquidity.
European shares fell and the euro hit a seven-week low on Friday, as a spiraling debt crisis and the lack of a comprehensive policy to contain the damage sapped investor confidence.
Mark Pearson, head of the OECD health division attributes the higher prices to lack of ‘an effective government mechanism that acts to keep prices down.’ That's simply not there in the U.S. system. So it's a structural defect, he said.
Crude oil prices edge higher in Asian trade Friday, but remained rangebound as renewed concerns over the eurozone debt crisis offset fears over an escalation of violence in Saudi Arabia may threaten crude supply from the Middle East.
Apple is well ahead of rivals in building brand loyalty among its users in a mobile market where the key brands are rushing to build as large a foothold as possible, a study by research firm GfK showed.
Weak demand at a German debt auction suggests investors are starting to shun even the euro zone's strongest economy, which could trigger more losses in the shared currency as many shift from euro-denominated assets to safe havens outside the region.
European shares fell for the sixth consecutive session in low volume on Thursday after German Chancellor Angela Merkel restated her position against changing the role of the European Central Bank to ease the euro zone debt crisis.
Toronto's main stock index hit a seven-week low on Thursday morning, as materials and financial issues retreated in response to euro zone debt fears, sparked by rising German government bond yields.
On Thanksgiving Thursday, people working in Europe's financial sector are struggling to find much to be thankful for.
German government bond yields hit their highest in nearly a month and world stocks held near 7-week lows Thursday, a day after a weak debt sale in Berlin fanned fears the euro zone debt crisis is starting to threaten its biggest > falling 115 ticks on the day to 134.66, the lowest since October 31.
Exports of Swiss luxury watches, particularly in Asia have reached an all-time high with China emerging as a major market for high-end products.
German government bond yields hit their highest in nearly a month on Thursday and world stocks held near 7-week lows as a weak debt sale the previous day fanned fears the euro zone debt crisis may finally begin to threaten its biggest economy.