The outcome of the UK general elections does not directly threaten the UK government's Aaa rating, Moody's Investors Service said in a new report published Friday. "Moody's stance assumes that the incoming economic team can muster convincing parliamentary support for a fiscal adjustment that is no looser nor slower than was outlined by all three
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U.S. stocks index futures rose in volatile trade on Friday, pointing to a higher open after a steep fall in the previous session, as data showed the economy added jobs at the fastest pace in four years. Employers added 290,000 jobs in April, the Labor Department said, and revised figures for February and March to
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U.S. nonfarm payrolls grew at the fastest pace in four years in April as private sector employers ramped up hiring, raising the strong possibility that the labor market recovery may be picking up steam. Employers added 290,000 jobs in April, the Labor Department said on Friday. It revised figures for February and March to show
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The European Central Bank held a conference call with commercial banks on Friday to gather opinion on the state of money markets in the wake of the Greek debt crisis, banking sources told Reuters. The unplanned call, which lasted around 45 minutes, comes as the Greek crisis threatens to shut down money markets again. The
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U.S. stock index futures rose on Friday, with shares set to rebound after a steep fall in the previous session and ahead of a report expected to show the U.S. economy added more jobs last month. U.S. stocks tumbled 9 percent within the last two hours of trading on Thursday before clawing back some losses
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American International Group Inc (AIG.N) posted a first-quarter profit, reversing a year-earlier loss, as the bailed-out insurer's investment portfolio gained in value. AIG, nearly 80 percent-owned by the U.S. government, reported a profit to the company of $1.5 billion, or $2.16 per share, compared with a loss to the company of $4.4 billion, or $39.67
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World stocks held near a three-month low while U.S. stock futures pointed to a firmer Wall Street open on Friday a day after a mounting fears of a euro zone debt crisis sparked a global rout in risk assets. Sterling, which is also sensitive to risk aversion, bounced off an earlier one-year low against the
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Britain's top shares slipped back in volatile trade at midday on Friday as uncertainty over euro zone debt contagion and the lack of an outright winner in UK parliamentary elections weighed on stocks. By 1111 GMT, the FTSE 100 was down 5.81 points, or 0.1 percent at 5,255.18, with domestic banks among the hardest hit.
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European stocks are primed for a pummeling on Friday, following ravaged U.S. and Asian shares, as Europe's debt crisis sent waves of dread through global markets and battered sterling and the euro. U.S. stocks plunged 9 percent in the last two hours of trading on Thursday before clawing back some of the losses as a
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The European Central Bank will hold a conference call with commercial banks later on Friday to gather opinion on the state of money markets in the wake of the Greek debt crisis, a banking source has told Reuters. The call is not a planned, routine call, however, the ECB regularly holds such calls with banks
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