Jobless claims fall 3,000 last week
The number of workers filing new applications for unemployment insurance fell less than expected last week, government data showed on Thursday, pointing to a gradual labor market recovery.
Mortgage rates at, near record lows: Freddie Mac
U.S. mortgage rates dropped in the past week, with fixed-rate loans either reaching or nearing record lows, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
Jobless claim falls but trade gap widens
The number of workers filing new applications for unemployment insurance fell less than expected last week, while the trade deficit widened slightly in April, pointing to a moderate economic recovery.
Euro zone debt crisis
Here is a timeline of key events in the euro zone debt crisis since last November, when a new Greek government shocked markets by doubling estimates for the country's 2009 budget deficit.
BoE holds rates, asset buying ahead of UK budget
The Bank of England made no change to interest rates or its bond purchase program on Thursday, as it waits for Britain's new government to reveal the extent of its fiscal austerity measures in a June 22 budget.
Jobless claim fall slightly
The number of workers filing new applications for unemployment insurance fell less than expected last week, while the trade deficit widened slightly in April, pointing to a moderate economic recovery.
Bank of England holds rates, no change on asset-buying
The Bank of England kept interest rates at a record low of 0.5 percent on Thursday, as widely expected, ahead of the new government's June 22 budget which will detail the extent of fiscal tightening Britain faces.
Canada's Carney urges G20 move quickly on reform
Bank of Canada Governor Mark Carney urged the G20 on Thursday to push ahead quickly with radical financial reforms but signaled flexibility on when new global banking rules would be phased in.
Bank of Canada's Carney speech in Montreal
Introduction It is a pleasure to be here at this important meeting. It comes at a critical time, as we all work to repair a global financial system that has failed our citizens. Given this failure, the G-20's agenda to reshape the global financial system is comprehensive and radical. The coming weeks and months will be pivotal to its success. The time for debate and discussion is drawing to a close. Policymakers now need to decide and to implement. Recent tensions in Europe have underscored this...
SEC examining Goldman Sachs' Hudson deals: report
The U.S. Securities and Exchange Commission, which charged Goldman Sachs Group Inc with fraud in April, is investigating another mortgage-linked deal once pitched by the Wall Street firm, the Financial Times reported, citing people close to the matter.
Two big shareholders support BA stance on strikes
British Airways' top investors support the airline's refusal to bow to union pressure, despite the prospect of more strikes by cabin crew, which could scupper its hopes of breaking even in 2010/11.
Google protests Apple's iPhone developers agreement
Google Inc said on Wednesday recent changes to Apple's developers agreement would effectively cripple Google's advertising tools for the iPhone, creating artificial barriers to competition.
Apple faces U.S. antitrust scrutiny: report
U.S. antitrust regulators plan to investigate whether Apple is unfairly restricting rivals such as Google from carrying ads on the iPhone, iPad and iPod, the Financial Times said.
Stock futures up China exports and euro
Stock index futures rose on Thursday, boosted by confirmation of solid China export data and a climb in the euro as investors awaited a report on the U.S. labor market.
WJA to boost biz-women in India's jewellery market
Entrepreneurial zeal of Indian women is all set to get a boost as the US-based Women's Jewellery Association (WJA) is launching its India chapter with a view to boost networking among the professional women engaged in the jewellery, watches and related businesses.
Goldman sued by hedge fund over notorious CDO deal
An Australian hedge fund is suing Goldman Sachs Group Inc over an investment in a subprime mortgage-linked security that contributed to the fund's demise in 2007.
Dutch squad banned from Twitter after Elia howler
The Netherlands World Cup squad has been banned from using Twitter during the tournament after Eljero Elia sparked a racism row with comments on a live streaming video.
China says U.S. should not question its debt holdings
China urged the United States on Thursday not to be suspicious about its U.S. Treasury holdings, after the Senate voted to require regular reports on security risks posed by debt held by China and other nations.
Stock index futures signal gains for Wall St
Stock index futures pointed to a higher open for Wall Street on Thursday, rebounding from falls in the previous session, with futures for the Dow Jones, S&P 500 and Nasdaq up 0.9 to 1.1 percent by 0849 GMT.
FOREX-Euro up on China comment; caution before ECB
The euro rose on Thursday after the head of China's national pension fund said the currency would weather Europe's debt crisis, though caution before a European Central Bank policy decision capped gains.
BP's shares hit 13-year low
Shares in oil giant BP continued to fall heavily on Thursday, hitting their lowest level since 1997, even as the company said it saw no justification for such a move.
ECB faces grilling on euro debt storm, to hold rates
The European Central Bank faces a grilling over the euro zone's debt crisis on Thursday after a torrid month in which it has abandoned resistance to buying government debt and flung its exit strategy into reverse.
Chinese exports leap putting yuan back under microscope
China's exports jumped in May, reassuring investors about the economy's strength but putting pressure on U.S. President Barack Obama to placate critics who say Beijing is keeping the yuan unfairly undervalued.
Euro boosted by China comments, BP hits stocks
Losses in European shares offset gains in Asia on Thursday to drag down world stocks while the euro gained in part because of supportive comments from the influential head of China's national pension fund.
China labor costs won't deter investors: official
China's rising labor costs will not deter foreign investors because policies to boost domestic consumption provide a new reason for them to seek profits in the world's third-largest economy, a senior trade official said on Thursday.
BoE to freeze interest rates to numb fiscal pain
The Bank of England looks set to keep interest rates at a record low on Thursday -- and probably for the rest of this year -- as it seeks to bolster Britain's fragile recovery and offset painful government spending cuts.
Asia stocks rise, euro steady after China data
Asian stocks rose on Thursday on higher-than-expected Chinese exports and assurances from Federal Reserve Chairman Ben Bernanke that the U.S. economic recovery was on solid footing, but European stocks were expected to open lower, tracking Wall Street's fall overnight.
Russia, Ukraine eye joint oil production
Russia and Ukraine have decided to cooperate in oil and gas sector by allowing swap assets with each other. Speaking to newsmen here after meeting Russian president Vladimir Putin, Ukraine President Viktor Yanukovych said, We could swap some assets with Russia to cooperate in oil and gas production in Russia,
Oil remains lower despite positive Chinese data
Oil remained lower in Asian trade Thursday despite a positive Chinese data which shows increase in overall exports of the country. Light sweet crude for July was seen trading at $74.23 a barrel at 12.00 noon Singapore time while Brent crude was at $ 74.01 a barrel in London.
GM bans use of Chevy brand name internally
General Motors Co has banned the use of the popular Chevy nickname for its flagship Chevrolet brand internally but would more than welcome if a customer calls his or her car Chevy.