Stocks, oil drop after U.S. jobs data
NEW YORK (Reuters) - U.S. and European stocks fell more than 2 percent on Thursday after U.S. government data showed the U.S. economy shed more jobs than expected in June, dampening the outlook for an economic turnaround.
Click here to read the rest of this article.
Add to:
del.cio.us,
Digg,
Yahoo!,
Google
Other articles in the Business news section
- Dollar, stocks rise as China data spurs... 58 minutes ago
NEW YORK (Reuters) - The euro and U.S. dollar rose on Friday after strong import data from China boosted rising optimism about global growth, while stocks edged higher, buoyed by the economic outlook and a jump in oil prices. ...more
- Recession has left huge hole: Obama 1 hours ago
WASHINGTON (AFP) - US President Barack Obama said Friday the "hole" left by the worst recession in decades was "huge" and admitted the recovery had been "painfully slow," but vowed his policies were working. ...more
- German gas giant Linde will pull out... 1 hours ago
FRANKFURT (AFP) - The German industrial gas giant Linde said Friday that it would soon halt business operations in Iran owing to economic sanctions against the country. ...more
- Irish bank AIB sells Polish assets to... 1 hours ago
DUBLIN (AFP) - Troubled Irish bank AIB said Friday that it had agreed to sell its Polish banking assets to Spanish lender Santander for 3.1 billion euros (3.9 billion dollars) in cash. ...more
- Deutsche Bank shares plunge on mooted... 1 hours ago
FRANKFURT (AFP) - Deutsche Bank shares plunged in morning trade Friday on press reports that it would raise up to nine billion euros to bolster its capital as banking regulators finalise tough new rules for the industry. ...more
- AIB to sell Polish units to Santander... 1 hours ago
DUBLIN/MADRID (Reuters) - Allied Irish Banks is selling to Spain's Santander its 70.36 percent stake in Bank Zachodni , Poland's third largest bank, and its 50 percent stake in an asset management joint venture for 3.1 billion euros (2.5 billion pounds). ...more