Business
OPEC and non-OPEC nations poised to extend output cuts
Oil prices plunged almost 5% after OPEC's announcement of extending production cuts disappointed some traders who had hoped for a more aggressive plan for boosting crude prices. "There have been suggestions [of deeper cuts], many member countries have indicated flexibility but. that won't be necessary", Saudi Energy Minister Khalid Al Falih said before the meeting.
Business
PM May's lead falls to 3 pct points
After a hectic campaign which was suspended by a suicide bombing last week , pollsters have offered a vast range for the result of the election: From May losing her majority to a landslide victory for her Conservatives of more than 100 seats.
Business
Jobs growth takes shine off dollar, stocks hold all-time highs (UKX)
The highest rate was in the Cleveland, Ohio, area, at 5.4 percent. The New Zealand dollar was 0.1 percent higher at $0.7072 after it was also hit by the lacklustre Chinese numbers. economist, at Natixis North America in NY. The dollar index, tracking the unit against key foreign currencies, fell to a seven-month low and was last down 0.44 percent at 96.774 .DXY The euro was 0.50 percent higher against the dollar to $1.1267.
Business
Soros warns European Union of 'existential crisis' ahead of Brexit talks
Orban's latest measures include an attempt to stifle the Soros-founded Central European University in Budapest and to crack down on NGOs supported by Soros' Open Society Foundations. He argued that the way to change the trend is to reform the European Union by combining the "top-down approach of the European Union institutions with the bottom-up movements that are necessary to engage the electorate".
Business
EU, China back climate pact after Trump pullout
The leaders of Germany, France and Italy, in a highly unusual move, issued a joint statement expressing " regret " at the decision . "Right now we are struggling to get financing from the Green Climate Fund and the decision by the USA will just worsen the situation", he said .
Business
How major United States stock market indexes fared on Friday
In the bond market, benchmark 10-year Treasury yields were up 2 basis points at 2.215 percent, while the German counterpart was marginally higher at 0.302 percent. Dow industrials climbed to all-time highs on Friday, as investors shrugged off a much weaker than expected jobs report. The May jobs report showed unemployment fell to 4.3 per cent, a 16-year low.