The United States and the NATO allies are preparing to disengage and soon withdraw from Afghanistan and even the most vocal advocates of the long-term commitment do not anticipate more than five years of active US and NATO involvement. All the local key players - in Kabul, Islamabad, and countless tribal and localized foci of power - are cognizant and are already maneuvering and posturing to deal with the new reality.
Seventeen big banks getting bailouts from taxpayers made ill-advised overpayments to executives in late 2008 and early 2009, but they can't be forced to pay them back, U.S. pay czar Kenneth Feinberg said on Friday.
Sterling is poised to build on its broad rally as investors speculate that fiscal and economic conditions in Britain will improve faster than in the euro zone or the United States.
Technical factors are also working in the pound's favour, while lower implied volatility will help the UK currency higher.
U.S. President Barack Obama pledged on Friday to redouble efforts to fight HIV and AIDS through his global health initiative, despite dealing with economic hard times in the wake of a global recession.
McDonald's Corp reported weaker-than expected sales at established restaurants, overshadowing a profit beat for the second quarter, and shares dropped 2 percent.
Galleon Group hedge fund founder Raj Rajaratnam is making an all-out legal assault to get the first wiretaps used in a widespread probe of insider trading on Wall Street thrown out, but legal experts doubt the defendant will succeed.
The recent news that Euro zone economy is slowly gaining strength has helped platinum and palladium prices show signs of recovery.
According to reports platinum prices may rise as gradual economic recovery will lead to increased demand for the auto-catalyst metal, but some of the euphoria that lifted forecasts earlier this year has evaporated after a hefty correction in May.
Gold fell on Friday, giving up earlier gains, as caution hit financial markets ahead of the results of European bank stress tests, with renewed strength in the dollar helping pull the metal back from $1,200 an ounce.
The results of stress tests are due at 1600 GMT.
Diversified U.S. manufacturer Honeywell International Inc reported a 4 percent rise in quarterly profit and boosted its full-year forecast, citing rebounding demand for its industrial and automotive products.
Diversified U.S. manufacturer Honeywell International Inc reported a 4 percent rise in quarterly profit and boosted its full-year forecast, citing rebounding demand for its industrial and automotive products.
Schlumberger Ltd , the world's largest oilfield services company, posted a 33 percent jump in quarterly profit on brisk activity in North America land markets, but said it did not expect drilling to resume in the Gulf of Mexico this year.
Diversified U.S. manufacturer Honeywell International Inc reported a 4 percent rise in quarterly profit and boosted its full-year forecast, citing rebounding demand for its industrial and automotive products.
Investors are finding themselves with a new kind of balancing act -- one in which they have to juggle with three major regions posing three significantly different circumstances.
Europe's bank stress testing, the focus of much of the past week's market focus, is but one ball in the air.
Diversified U.S. manufacturer Honeywell International Inc reported a 4 percent rise in quarterly profit and boosted its full-year forecast, citing recovering demand for its industrial products.
ARM announced a new licensing agreement with Microsoft, lifting shares in the British chip designer on Friday.
Surat, the diamond capital of India, heaved a sigh of relief on Friday when credit rating agency CRISIL said India's diamond industry is expected to remain stable this fiscal, on the back of steady demand and improved prices, although the Eurozone crisis may have some impact on gems and jewellery exports.
Gold this week received a blow from some unexpected quarters. During the past few weeks, the driving force behind gold has been the Euro zone economic crisis. First it came from Greece then Portugal crisis helped the yellow metal gain and cross $1,200 per ounce mark and in a latest development, the Ireland financial woes boosted the gold prices.
Jeff Wilcox, a middle-aged, clean-cut man who dresses in the Bay Area casual business attire of clean jeans, collared shirt and running shoes, may be the face of Marijuana, Inc, the corporatization of cannabis.
Ford Motor Co posted stronger-than-expected quarterly earnings and said it was on track to be profitable in 2010 with second half profits lower than the first half.
Goldman Sachs Group Inc told U.S. investigators which counterparties it used to hedge the risk that American International Group Inc would fail, Bloomberg said, citing three people with knowledge of the matter.
Gold rose toward $1,200 an ounce in Europe on Friday, supported by dollar weakness, as a retreat in risk aversion led to a return of the two assets' usual inverse relationship.
All eyes are on the results of European bank stress tests, due at 1600 GMT. Signs of distress in the sector could lead to fresh interest in gold as a haven from risk, analysts said.
Crude drifted lower after hitting a three-month high near $80 on Friday, supported by a storm threat to U.S. Gulf oil installations but pressured by uncertainty over the result of bank stress tests in Europe.
By 0943 GMT (5:43 a.m. EDT), U.S. crude for September was trading 26 cents lower at $79.04 a barrel. ICE Brent crude futures were 28 cents down at $77.54.