Gold hit record highs near $1,250 an ounce in Europe on Friday as investors bought the metal to protect against sovereign risk in the euro zone and instability in the foreign exchange
Beijing could have another window of opportunity over the next few days to make its long-awaited move on the yuan, in the wake of strong Chinese data and ahead of a Sino-U.S.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.2 to 0.3 percent at 4:54 a.m. ET, pointing to a weaker start on Wall Street on
Britain's top shares fell sharply on Friday as investors turned to safe havens such as the dollar and gold and out of banks, miners and commodity-linked stocks, fearing euro-zone debt problems will
The number of U.S. workers filing for jobless benefits fell only slightly last week, suggesting the unemployment rate will remain elevated even as recovery in the labor market becomes entrenched. Initial claims
Portugal will raise taxes and cut wages of top public servants, it said on Thursday, following on the heels of similar austerity moves in Spain and a $1 trillion European safety net
A trillion-dollar financial safety net and plans for government spending cuts have dramatically reduced the risk that Greece, Portugal and Spain will run into funding problems over the next 18 months. But
Money market funds saw net inflows for the first time since January on uncertainty about euro zone stability, while global bond funds had net outflows for the first time in more than
The beleaguered euro was hovering just above a major price support level of $1.25 on Friday as worries about Europe's debt problems plagued markets, pressuring Asian stocks and supporting gold near record
German Chancellor Angela Merkel said on Thursday the euro's troubles offered a chance for the EU to strengthen its economic and political union, not just its common currency. Speaking at a ceremony
