Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader US growth is cooling.
A gauge of future economic activity release
Turkey hailed its second investment grade rating yesterday, seeing it as a seal of approval from international markets for a decade of economic reform.
Investors joined in, driving sovereign bond yields to record lows.
Government enthusiasm was tempered, however, by some
The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up with richer nations and become more integrated into financial markets, the World Bank predicted in a report
Gold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead.
Cyclone Mahasen buffeted Bangladesh's low-lying coast on Thursday, killing six people after forcing many thousands into emergency shelters, but authorities downgraded warnings later in the day as the storm lost strength.
At least six people were killed and seven were missing after as many as 10 tornadoes ripped through north-central Texas Wednesday evening, leaving a trail of destruction from the worst severe storm outbreak in the US so far this year.
Gold dropped for the sixth consecutive session on Thursday, hitting its lowest level in four weeks, on a stronger dollar and battered investor sentiment.
Rallying stocks have also hurt bullion's appeal
Royal Bank of Scotland will cut 1,400 jobs over the next two years in a restructuring of its retail head office in Britain, the part-nationalised bank said on Thursday.
In a statement, the chief executive of RBS's UK retail business, Ross McEwan, said the bank would try to av
Gold reversed early losses on Thursday after the US dollar weakened, but remained under pressure as holdings in exchange-traded funds tumbled to their lowest in four years.
Rallying stocks also hurt bullion