Commodities, banks drive FTSE up 0.8 percent

Britain's top shares were 0.8 percent higher at midday on Friday, supported by strength in heavyweight miners and oils after upbeat industrial data from China, with investors' awaiting U.S retail sales numbers.

EU pressures IMF over financial transaction tax

The European Union increased pressure on the International Monetary Fund on Friday to consider a global tax on financial transactions to limit the risk of another economic crisis. Responding to public outrage

Scientists find way to block fearful memories

 U.S. researchers have found a drug-free way to block fearful memories, opening up the possibility of new treatment approaches for problems such as post traumatic stress disorder, they reported on Wednesday. The

Stocks and oil firmer as data reasssures

World stocks extended gains and oil rebounded on Friday as upbeat data from China and the United States underscored an economic recovery, weighing on safe-haven government bonds and the low-yielding yen. China's

Moody’s downgrades three Dubai-based banks

Moody's Investors Service has downgraded the ratings of three Dubai-based banks — Emirates NBD, Mashreqbank PSC and Dubai Islamic Bank PJSC – that were already under review in August in response to