The Kenyan shilling was barely moved against the dollar on Friday as traders squared positions but they said high oil prices were likely to stoke dollar demand and weigh on the local currency next week.
China reiterated its commitment to a more flexible yuan and stronger enforcement of intellectual property rights during President Hu Jintao's visit to Washington, a top Treasury official said on Friday.
While states and cities across the country are slashing spending in an effort to tackle mountainous budget deficits, at least one major American city can brag of a budget surplus.
India's largest listed company, Reliance Industries Ltd , posted its highest ever quarterly profit on higher refining and petrochemical margins, but lagged market estimates.
Chinese media praised President Hu Jintao's visit to the United States on Friday as a diplomatic masterstroke in easing tensions, but reports largely ignored thornier questions of currency and human rights.
The U.S. national debt is growing fast and will require massive tax hikes if Congress doesn't act to cut federal spending, Republican lawmakers warned on Thursday.
By lunchtime in London – and compared with New Year 2011's record highs – the Gold Price in Dollars stood 6% lower, in Euros 7.5% down, and in British Pounds nearly 9% lower.
US gasoline stocks rose 4.443 million barrels during the last week as demand languished at seasonal levels while the output from refineries rose, Platts said in a release.
Gold touched a two-month low in Europe on Friday, pressured by a firmer appetite for assets seen as higher risk on expectations the economic recovery was gaining traction, but a retreat in the dollar prevented a steeper drop.
Shares of Washington Post Co. (NYSE: WPO) suffered a brief sell-off yesterday afternoon when it was revealed that renowned billionaire investor Warren Buffett was resigning from the company’s board after three decades of service.
The U.S. Secretary of State Hillary Clinton called Myanmar's Aung San Suu Kyi, supporting her fight for democracy.
US stocks advanced in early trade on Friday as upbeat quarterly results from General Electric and Google and strong German IFO business sentiment data boosted investor sentiment.
President Barack Obama will name General Electric Co. Chief Executive Jeffrey Immelt to head a new advisory panel focused on promoting economic growth by investing in business, the White House said on Friday.
Donald Trump, billionaire real estate mogul and outspoken critic of China, has been on a freewheeling China-baiting spree of late. The Chinese are not friends, but enemies, and that they do not understand niceness, Trump said in CNN’s Situation Room with Wolf Blitzer.
Bank of America Corp, the largest U.S. bank by assets, reported a second straight quarterly loss, driven by writedowns in the value of its mortgage business.
Stocks rose on Friday after two days of declines as strong earnings General Electric and Google boosted investor optimism.
Duke research suggests offshoring is more a result of the shortage of adequately skilled domestic employees, rather than the economic motive to cut costs.
Wall Street was set for a higher open on Friday after two days of declines as strong earnings from General Electric and Google boosted investor optimism.
The Japanese cabinet office said on Friday the economy is showing signs of growth momentum and that the exports sector has been helped by China's growth and strong recovery in the U.S.
Futures on major U.S. indices point to a higher opening on Friday with futures on the S&P 500 up 0.15 percent, futures on the Dow Jones Industrial Average up 0.11 percent and Nasdaq100 futures up 0.15 percent.
Stock index futures rose on Friday after two days of declines as strong earnings from General Electric and Google boosted investor optimism.
New GDP figures at purchasing power parity (PPP) seem to suggest that China may have already overtaken the U.S. as the world's largest economy.
