Equities News
WOS, SBRY lower on broker downgrades European equities markets saw substantial declines Friday on the now long-standing concern that losses for banks due to the credit crisis will continue, while markets were also hurt by new unemployment... [Read more] |
Forex News
Pound weaker on recession forecast for UK The pound was weaker in relation to the euro and the dollar again Friday after UBS (NYSE: UBS; SWX: UBSN; TYO: 8657) forecast that the second half of the year will bring recession to the UK economy. More... [Read more] |
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Commodities News
Oil, most other commodities end week with price declines Crude oil prices fell again Friday on data showing that unemployment in the United States rose to 6.1 percent in August, causing concerns that demand will decline further, while investors anticipated... [Read more] |
Bonds News
Moody’s Investors Service has cut Pakistan’s credit rating for the first time in nine years amid growing fear that the current spate of economic imbalances and political tension caused falling... [Read more] |
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