Investors drop risk after US GDP data
Global Markets Overview: The FTSE All-World index is down 0.5% following a lower-than-forecast GDP growth report for the US, and the yen and short-term US Treasuries are seeing record demand
Growth fears leave Wall Street flat
Wall Street finished flat after spending most of the day in negative territory because of concerns about the slowing rate of economic growth
Weak growth weighs on dollar
The dollar fell below Y86 for the first time in eight months on Friday as mounting concerns about the US economy led to broader weakness for the greenback
Stage set for Fed bond ‘strippers’ to perform
‘Strips’, bonds that have been ‘stripped’ of their interest payments until maturity, tend to outperform regular bonds when interest rates fall sharply
Steady hand required for BP to regain its glory
Carl-Henric Svanberg has the daunting task of making a new investment case
BP move forces trusts to reduce returns
Investment trusts are being forced to cut pay-outs or dip into their reserves to fill the hole left by the suspension of BP’s dividend
Wellstream in frame as takeover talk swirls
London’s oil services companies were in focus as Royal Bank of Scotland raised the prospect of renewed takeover activity in the sector
Coffee surges on poor Colombian harvests
Coffee prices hit their highest level in 12 years on the back of low availability of premium Arabica coffee j
HTC spearheads Taiwan gains
Company earnings from Asia and the US beat expectations but indices relinquished some ground on Friday
Financials put in a solid show
Economic data from the US restoked fears about the strength of global economic recovery, prompting a third running session of losses
Fri, 30 Jul 2010 21:43:20 GMT