Asian stocks rallied for a second day and the euro held near two-month highs on Friday, supported on positive U.S. data and after the European Central Bank's offered upbeat view of the euro zone's recovery.
Google Inc Chief Executive Eric Schmidt expressed confidence the company will secure a license to operate a website in China, confounding speculation Beijing may shut down its flagship site there.
The Obama administration is preparing to unveil a revised deepwater oil drilling moratorium after a federal court refused on Thursday to reinstate an earlier ban imposed after BP Plc's massive oil spill.
The Obama administration is preparing to unveil a revised deepwater oil drilling moratorium after a federal court refused on Thursday to reinstate an earlier ban imposed after BP Plc's massive oil spill.
A U.S. appeals court dealt the Obama administration a setback on Thursday when it refused to halt deepwater oil drilling, but analysts said they did not expect companies to begin operations soon.
The Obama administration declined to label China a currency manipulator in a long-delayed report on Thursday, spurring fresh calls from U.S. lawmakers for tough new steps to pressure Beijing.
The U.S. Treasury Department said on Thursday that China's yuan remains undervalued, but it declined to say that China or any other country manipulates their currencies for trade advantage.
A U.S. appeals court on Thursday rejected the Obama administration's request to put on hold a ruling that lifted a temporary moratorium on deepwater drilling in the wake of the BP Plc oil spill in the Gulf of Mexico.
High unemployment and a moribund housing market have increased risks to the U.S. economic recovery, while the public debt looms large and needs to be cut, the International Monetary Fund said on Thursday.
A U.S. appeals court said on Thursday it would rule by early next week on whether to stay a lower court decision to lift a six-month ban on deepwater oil drilling imposed by the Obama administration.
The U.S. Treasury Department said on Thursday that China's yuan remains undervalued, but it declined to say that China or any other country manipulates their currencies for trade advantage.
New U.S. claims for jobless benefits fell last week to their lowest level in two months, offering cautious hope for an economic recovery that had shown signs of fatigue.
New U.S. claims for jobless benefits fell more than expected last week to their lowest level in two months, offering cautious hope for an economic recovery that had shown signs of fatigue.
U.S. retailers relied heavily on promotions to boost sales in June, helping teen clothing chains and department stores, but the trend may hit margins as they head into the key back-to-school shopping season.
Cable operators and entertainment companies are talking about selling cheaper cable TV packages with fewer channels to attract and keep customers trying to save money in a weak economy.
The Dow and the S&P 500 rose modestly on Thursday on strong June sales at several retailers and stronger-than-expected jobs sector data, but losses in the technology sector eased the market off its highs.
BP Plc is ready to switch caps at the wellhead of the gushing Gulf of Mexico leak to create a hurricane-ready system that can capture more oil, the top official overseeing the spill response said on Thursday.
High unemployment and a moribund housing market have increased risks to the U.S. economic recovery, while the public debt looms large and needs to be cut, the International Monetary Fund said on Thursday.
Russian gas giant Gazprom was the world's most profitable company in 2009 despite ranking 50th in revenue, Fortune magazine said on Thursday with the publication of the Fortune Global 500.
U.S. stocks rose slightly on Thursday on gains by some retail stores and stronger job sector data, but declines in chipmakers eased the market off its highs.
European supervisors won tentative support for impending bank stress tests on Thursday, while markets sought more detail about the process before delivering a final verdict.
Banks lifted Britain's top shares on Thursday, with Royal Bank of Scotland and Lloyds Banking Group top performers on reports that a new bid vehicle will seek to buy British banking assets.
The FTSE 100 .FTSE index was up 90.63 points, or 1.8 percent, at 5,105.45, rising for a third consecutive day. It closed up 49.82 points, or 1 percent, on Wednesday.
