World stocks dipped towards a 1-1/2 week low on Friday after the previous day's disappointing U.S. jobs report boosted expectations that the process of recovery in the world's biggest economy would be
Heavy job losses in the United States and Europe soured market sentiment, pointing to a long, slow recovery from the world's deepest recession in eight decades. Friday's euro zone service sector surveys
U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays
Asian stocks retreated on Friday and the dollar edged up after a disappointingly big drop in U.S. employment prompted investors to pull back from commodities, resource-linked shares and higher-yielding currencies. But the
The annual inflation rate fell for a fourth straight month in June, as the consumer price index rose by just 0.2% compared with June 2008. The main decline was in prices of
Capital Intelligence, the international credit rating agency, has raised Lebanon’s long-term foreign and local currency ratings to ‘B’ from ‘B-’ (B minus). The outlook is stable. The long-term foreign currency ratings of
Moody's Investors Service has published an in-depth Banking System Outlook on Finland in which the rating agency reiterates that its fundamental credit outlook for the banking system is negative, having changed the
Moody's has restated that its view on the fundamental credit outlook for the Italian banking system remains negative, having been changed to negative from stable in May, reflecting the impact of the
Moody's stripped Ireland of its last AAA credit rating on Thursday and warned Prime Minister Brian Cowen he needed to inflict more fiscal pain on his recession-wracked country or risk a further
European shares fell further in afternoon trade on Thursday after new data showed U.S. employers cut 467,000 jobs in June, far more than expected and increasing the U.S. unemployment rate to 9.5
