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Oil inches higher on recovery hopes

Oil prices rose slightly on Friday as stronger equities boosted hopes for economic recovery, outweighing U.S. jobs data showed the unemployment rate at a 26-year high.

Double-dip recession risk rising: El-Erian

Mohamed El-Erian, the chief executive of top bond fund PIMCO, said in an interview on Friday the risk of stalled economic growth in 2010 is increasing, given a still-weak labor market.

Jobless rate rises to 26-year high

U.S. job losses were the smallest in a year last month, but the unemployment rate unexpectedly jumped to a 26-year high, according to data on Friday that showed the labor market limping toward health.

PIMCO's El-Erian: Double-dip recession risk rising

Mohamed El-Erian, the chief executive of top bond fund PIMCO, on Friday said the risk of a double-dip in economic growth in 2010 is increasing given a still-weak labor market.

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Not so sunny: trade war looms in solar space

German solar firms Conergy and Solarworld have voiced strong concern about the pricing practices of Chinese panel makers -- who undercut their German peers' products by around 20 percent. Chinese modules sell in Europe at about 1.70 euros per watt, according to a UBS report.

Oil falls after U.S. jobs data

Oil prices slipped on Friday, weighed down by concerns about economic recovery after U.S. jobs data showed the unemployment rate at a 26-year high.

Unemployment rate jumps to 9.7 percent

U.S. job losses were the smallest in a year last month but the unemployment rate unexpectedly jumped to a 26-year high, according to data on Friday that showed the labor market limping toward health.

CORRECTED:Unemployment rate jumps to 9.7 percent

US says European subsidies have harmed Boeing

The United States confirmed on Friday it has received a confidential World Trade Organization ruling in its multibillion-dollar complaint against European government support for Airbus.

White House's Romer: U.S. job losses are moderating

The pace of U.S. job losses is moderating and the trend in the labor market is beginning to improve, a top White House adviser said on Friday.

U.S. job losses slow, but jobless rate at 26-year high

U.S. job losses were the smallest in a year last month but the unemployment rate unexpectedly jumped to a 26-year high, according to data on Friday that showed the labor market limping toward health.

Obama prepares to address to school children; Watch live online

President Barack Obama will deliver a national speech on education to students on September 8th at 12:00 p.m. at Wakefield High School in Arlington, VA.

Santander Brazil unit IPO could exceed $5.6 bln

Banco Santander SA, the Brazilian unit of Spain's Santander, filed on Thursday for an initial public offering in Brazil and the United States, in what could become one of the largest IPOs of the year.

Study finds potential way to make an AIDS vaccine

The discovery of immune system particles that attack the AIDS virus may finally open a way to make a vaccine

ChemChina, after Blackstone deal, seeks fresh funds

State-run chemicals company ChemChina, the little-known acquisition pioneer that won the affection of private equity firm Blackstone, is looking for yet more strategic investment as it scouts for more overseas assets, its chief executive said on Friday.

AIG may unveil Taiwan unit buyer at end-Sept.: paper

AIG will likely now announce the buyer of its Taiwan Nan Shan Life unit at the end of September instead of on Friday, a local newspaper reported, after potential buyers bid below the $2 billion the insurer had hoped for.

H1N1 has killed 2,837, virus has not mutated: WHO

H1N1 flu has killed at least 2,837 people but is not causing more severe illness than previously and the virus has not mutated, the World Health Organization (WHO) said on Friday.

Netanyahu to allow new Israeli settler homes: aide

Israeli Prime Minister Benjamin Netanyahu will approve building new settler homes before considering a freeze that could lead to a resumption of peace talks with Palestinians, an aide said on Friday.

People would rather lose wallet than cellphone

Cellphone feels like a part of your body? A global survey has found that most people can't live without their mobiles, never leave home without them and, if given a choice, would rather lose their wallet.

Daily Outlook - Sept 4

Economy Still Fragile; Crutches Still Needed; Airy Dispute

U.S. August payrolls fall 216,000, jobless rate 9.7 percent

U.S. employers cut a fewer-than-expected 216,000 jobs in August, while the unemployment rate rose to a 26-year high, the government said on Friday in a report showing a still fragile labor market.

Roubini: U-shaped recovery is possible

Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.

Wall Street edges up after mixed payrolls data

Stocks inched higher on Friday following a mixed payrolls report showing U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.

Oil steady above $68, U.S. jobs data awaited

Oil ticked up above $68 a barrel on Friday in relatively thin dealing as investors awaited jobs data from the United States to provide some insight into the health of the world's top economy.

Oil drops below $68 after U.S. jobs data

Oil dropped below $68 a barrel on Friday, weighed down by a stronger dollar after U.S. data showed the unemployment rate rose by less than expected, albeit to a 26-year high.

Gold slips below $990 after U.S. jobs data

Gold eased below $990 an ounce on Friday after a two-day rally that took the market to within a whisker of $1,000, as an uptick in the dollar index after U.S. non-farm payrolls data prompted some traders to cash in gains.

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