Germany denied suggestions on Friday that Britain, France and the European Commission had snubbed Chancellor Angela Merkel by holding a high-profile meeting on the global economy next week without her....

U.S. stock futures and oil fell on Friday and major government bonds and the yen rallied after data showed the world's biggest economy lost a bigger-than-expected 533,000 non-farm payrolls in Nov....

Employers axed payrolls by a shocking 533,000 in November for the weakest performance in 34 years, government data on Friday showed, as the recession inflicted a mounting toll on the U.S. labor market....

FTSE down as oils weigh; U.S. jobs report eyed

Britain's top share index fell 1.1 percent by midday on Friday, with oils and miners leading the fall on weakening global demand for commodities while investors focused their attention a key U.S.....

Asian shares edge up; caution before US

Asian shares edged higher on Friday following record rate cuts by central banks in Europe, though plenty of caution remained, lifting the dollar ahead of what is expected to be dismal U.S. employment ....

German upper house approves economic package

Germany's upper house of parliament approved on Friday the government's planned package of measures to boost Europe's biggest economy. Approval from the Bundesrat clears the way for....

Morgan Stanley widens Goldman Sachs loss view

Morgan Stanley widened its fourth-quarter loss estimate on Goldman Sachs Group Inc, citing a fall in equity, credit and real-estate asset values in November, and rising negative marks on the firm'....

European shares seen sharply lower

European stocks are set to open sharply lower on Friday, tracking weakness in the U.S. markets on disappointing profit outlooks from large companies and as low oil prices sent the energy sector tumbli....

Asian shares gain after central banks slash rates

Asian shares rose on Friday following record rate cuts by central banks in Europe, though risk aversion remained, lifting the dollar ahead of what is expected to be dismal U.S. employment data. Oi....

World's central banks march towards zero rates

A slew of sharp interest rate cuts on Thursday showed the world's central banks have redoubled their willingness to ease policy as far as it takes in their ongoing battle with the worst financial....

Theo Paphitis pulls out of Woolworths talks

British entrepreneur Theo Paphitis said on Thursday he had pulled out of the running to buy Woolworths' sweets-to-DVDs retail business, but talks between the administrators, Deloitte, and other s....

Wall Street set to open flat

Stock futures pointed to a broadly unchanged start on Wall Street on Thursday, breaking a two-day rally. Futures for the S&P 500, the Dow Jones industrial average and Nasdaq were virtually flat at....

Euro zone recession confirmed as ECB mulls cut size

Falling investment and a weaker trade performance made the euro zone economy contract in the third quarter, data showed, confirming the bloc's first recession as the European Central Bank meets t....

BoE statement after 100 bps cut in rates to 2.0 pct

The Bank of England released the following statement on Thursday after the bank cut rates by 100 basis points to 2.0 pct. THE STATEMENT The Bank of England's Monetary Policy Committee today v....

Asian shares retreat; global econ fears nag

 Asian shares fell on Thursday as more bad news piled up for the global economy, while the dollar and yen steadied as central banks in the UK and Europe were set to cut interest rates to their lo....

Liechtenstein lifts bank secrecy in U.S. deal

Offshore haven Liechtenstein has agreed a landmark deal with the U.S. to drop bank secrecy in cases of tax evasion and could make similar concessions in the European Union, a diplomat from the Alpine ....