The U.S. economy contracted at a slower-than-expected pace in the second quarter as the slump in business and residential investment moderated sharply, according to government data on Friday that backed views the
Euro zone unemployment rose to a 10-year high of 9.4 percent in June, though the level was less than expected, while July inflation moved much further into negative territory than forecast, data
World stocks hit fresh 9-1/2 month peaks on Friday after favourable corporate earnings fuelled recovery hopes, while oil fell as investors turned cautious ahead of key U.S. growth data. Investors have bought
Oil slipped below $67 on Friday as investors turned their attention back to weak fundamentals after the previous day's sharp equities-led gains. Oil analysts said the dip in prices also reflected caution
Britain's top share index was 0.1 percent lower around midsession on Friday with weakness in oils and miner more than offsetting strength in banks, ahead of the release of second-quarter U.S. GDP
British Airways said on Friday it saw no improvement in bleak trading conditions and vowed to continue to cut costs, rounding off another miserable week for Europe's airlines. "Trading conditions continue to
The U.S. economy probably contracted again in the second quarter, pressured by a huge inventory liquidation, but the pace of decline likely slowed from previous periods, according to a Reuters survey. While
With the once-resilient videogame industry mired in a slump, investors are looking to big-name titles and potential price cuts for game consoles in the second half of the year to help spur
Security experts have uncovered flaws in Apple Inc's iPhone that they said hackers can exploit to take control of the popular device, using the tactic for identity theft and other crimes. Users
European Union trade regulators accused China on Friday of distorting raw materials prices, leading to unfair dumping of certain carbon steel fasteners in EU markets, the EU's executive Commission said. "The (EU's)
