BRUSSELS - Investors are sorely missing clarity on the world economy as the year draws to a close, and neither European finance ministers nor a new U.S. central bank president are likely to provide it.
Recent Business News
LONDON - Most of Europe's big banks shed risky assets in the quarter to September, but they have yet to take extra provisions against doubtful loans to show they have put the financial crisis behind them in time for a critical review by regulators.
BEIJING - Zhong Jian and his wife are willing to pay double the going rate for a tiny home in a Beijing neighbourhood so their 18-month-old daughter will be eligible to attend a top primary school nearby.
MEXICO CITY - Mexican Senate committees on Sunday debated an energy bill that would open up the world's 10th-biggest oil producer to private investment by allowing new types of contracts, marking the industry's most dramatic overhaul in 75 years.
PARIS - France hopes a deal will be clinched on a European banking union before the end of 2013, the country's Finance Minister Pierre Moscovici said on Sunday.
Today's jobs report showed that the US economy added 203,000 jobs in November, and the unemployment rate fell to 7.0% for the first time since recession.
- Gold: PRECIOUS-Gold clouded by US stimulus doubts; short-covering cushions losses
- Oil Report: ANALYSIS-U.S. farmers lose as bumper grain harvest overwhelms ships, trains
- British Pound Report: Sterling up on strong housing data, shrugs off U.S. payrolls
- US Dollar Report: FOREX-Euro in favour as brisk U.S. jobs data lifts risk appetite