NEW YORK - Equity markets worldwide extended the week's rally on Friday and oil prices rebounded from recent lows, as investors closed out the last full week of trading in 2014 on an upbeat note.
- The U.S. labor market may have more slack than the rapid decline in the unemployment rate suggests, according to a study published Friday by the Federal Reserve Bank of Chicago, pointing to the need for continued easy-money policies.
NEW YORK - Oil closed up as much as 5 percent on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009.
CHICAGO - China will become an even bigger market for U.S. farm goods in coming years but obtaining accurate information on the country’s food situation will remain a big challenge, according to U.S. Agriculture Department Chief Economist Joseph Glauber.
HAVANA - Cuba said on Friday its economy will grow a healthy 4 percent in 2015, apparently banking on improved diplomatic and economic relations with the United States to pull it out of years of stagnation.
NEW YORK - U.S. stocks extended gains for a third session on Friday, giving the S&P 500 its best weekly performance in nearly two months as energy shares continued to rebound. | Video
PARIS, Dec 19 - European stocks climbed early on Friday, with French information technology services firm Atos SE leading a rally in tech stocks after unveiling a deal to buy Xerox Corp's IT outsourcing arm.
* Indexes up: Dow 0.15 pct, S&P 500 0.46 pct, Nasdaq 0.36 pct
* FTSEurofirst 300 up 0.4 percent after Thursday's 3 pct rally
TOKYO, Dec 19 - Japanese stocks posted their best day in 6-1/2 weeks on Friday as investors continued to take heart from the U.S. Federal Reserve's "patient" approach to raising interest rates, while awaiting comments from the head of the Bank Of Japan after it held policy steady. The Nikkei benchmark ended 2.4 percent higher at 17,621.40, its biggest daily percentage gain since early November. For the week, the index is up 1.4 percent. The Bank of Japan maintained its massi
HONG KONG, Dec 19 - Hong Kong shares finished up on Friday, climbing for a second day heartened by the prospect that U.S. interest rates will stay low for a while.
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- Gold: PRECIOUS-Gold below $1,200/oz on dollar, shares; heads for weekly loss
- Oil Report: Japan's Idemitsu in talks to buy Showa Shell for $4.1 bln-source
- British Pound Report: Sterling hits 3-week low vs euro as UK inflation falls sharply
- US Dollar Report : FOREX-Dollar hits multi-year highs on extended Fed rally, year-end bets