LONDON - The FTSE 100 has suffered its longest streak of weekly losses since 2008 after falling for a fourth straight day on Friday, led by insurer RSA.
- The surprise departure of a potential Coca-Cola Co chief executive has put the global chief customer officer in contention to eventually succeed CEO Muhtar Kent.
LONDON - UK aerospace and defence firm BAE Systems has signed a 2 billion pounds ($3.26 billion) revolving credit facility, the company said in an emailed statement on Friday.
WASHINGTON - The International Monetary Fund disbursed Ireland's last aid tranche on Friday, as the country became the first euro zone member to successfully exit its international bailout.
BRUSSELS - The number of people with jobs in the euro zone was unchanged for the second consecutive quarter in the three months to September, showing the bloc's economic recovery has not yet filtered through to the labour market.
WASHINGTON - The U.S. Supreme Court on Friday agreed to weigh whether Fifth Third Bancorp can be sued for having put company stock in its employee retirement plan ahead of the housing downturn.
LJUBLJANA - Charging banks to deposit money at the central bank is a "very difficult concept" and any move in that direction is "very far away", European Central Bank Governing Council mem'ber Bostjan Jazbec said on Friday.
SAN FRANCISCO - Qualcomm Inc , the world's biggest maker of cellphone chips, unexpectedly named Chief Operating Officer Steve Mollenkopf as chief executive on Friday, heading off the possibility he might be poached to run Microsoft Corp .
HONG KONG/LONDON - The co-founder of hedge fund firm Cube Capital is spinning out its real estate business into a new entity, in a move that Cube said will reassure investors it is focused solely on managing hedge funds.
PARIS - Shares in French carmaker PSA Peugeot Citroen fell a further 11.6 percent on Friday, making for a 23 percent fall in just four days, after U.S. alliance partner General Motors sold its stake ahead of a possible new share issue by the struggling French carmaker.
They both have austerity in varying degrees but UK growth is now pushing ahead of the euro zone’s. The UK’s flexible labour market and weakened pound are advantages. A Germanically strong euro weighs heavily on a euro zone where monetary policy can’t solve the profound problems.