Time spins backwards on decision not to sell business
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Time Inc stock reversed recent gains after the board decided not to sell the publishing business as it was being "reinvigorated" under a new strategy.

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US employment costs rise at fastest pace since end of 2007
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Employment costs in the US rose in the first quarter at their fastest clip since the end of 2007, led by gains for both private sector wages and benefits.

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US GDP growth slows more than expected in Q1 2017

Economic activity in the States slowed at the start of the year, weighed down by a slowdown in the pace of inventory accumulation, lower public spending and increased imports.

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Asia report: Most markets lower after Trump points threats at Seoul

Markets in Asia were lower on Friday, after a series of threats from Donald Trump aimed at Seoul and the Korean peninsula caught investors off guard.

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Uber to introduce sick pay for drivers, but some will have to pay for it

Ride-hailing tech firm Uber Technologies is to introduce a system to provide its drivers with benefits such as sick and injury pay in the UK after years of criticism of the company’s employment practices.

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Europe midday: Stocks rise amid strong fund flows, economic data
Bank of America-Merrill Lynch, City view plaza, San Jose by Michael Gray

European stocks were seeing some buying interest after data showing inflows into euro area stocks were at their strongest since December 2015 and following the release of several stronger than expected reports on the Eurozone economy, including on money supply dynamics and consumer prices.

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US pre-open: Stocks seen muted ahead of GDP, earnings
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US futures pointed to a muted open on Wall Street a day after the Nasdaq closed at a record high ahead of some key earnings from the technology sector and as investors eyed first-quarter GDP figures.

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EU leaders prepare Brexit clause for reunified Ireland membership

Northern Ireland could be allowed fast-track access to EU membership in the event of its reunification with the rest of the island, as European leaders prepare to thrash out their negotiating stance for upcoming Brexit talks with the UK government.

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Euro jumps as core CPI outstrips economists' forecasts in April

Consumer prices in the euro area beat forecasts by a comfortable margin in April, especially at the 'core' level, as services prices accelerated.

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Google reports 28% profit increase boosted by ad sales

A raft of US tech giants reported their first quarter numbers on Thursday, with Google's parent company Alphabet seeing an impressive 28% rise in profits compared with the same period last year.

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German retail sales edge past forecasts in March
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Retail sales in the euro area's largest economy registered a slight increase last month, led by turnover in the home furnishings, household appliances and builders' ware categories.

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Trump warns of 'major' North Korea conflict as China weighs in

US President Donald Trump has warned that the country is prepared for a "major conflict" with North Korea as tensions between the two states rise another notch over the latter’s nuclear and missile programs.

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French GDP expands as expected in Q1 despite slump in trade
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France's economy slowed a tad at the start of the year as household spending took a breather and amid a big drag from foreign trade.

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US close: Wall Street closes in the green as earnings season peaks
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Wall Street bounced back quickly but modestly on Thursday as the peak day of the earnings season was rather mixed, with investors still getting over their disappointment over White House tax cut plans the previous day.

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27 Apr
Shift in 'forward guidance' was not discussed on Thursday, ECB chief Draghi says

European Central Bank chief Mario Draghi left the door open to further policy easing, sending the euro slightly lower, albeit while noting that the balance of risks had moved towards a "more balanced configuration".

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27 Apr
ECB policy decision - Analysts react
European Central Bank (ECB) president Mario Draghi

"In June we expect a change to a less dovish and more symmetric forward guidance that would open the door for depo rate hikes in 2018. In particular, we would expect modifications possibly to both the forward guidance on rates and on QE by removing the explicit reference in the statement to a scenario with lower rates and/or higher QE. " - Philippe Gudin, Antonio Garcia Pascual, Barclays Research.

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27 Apr
FX round-up: Sterling sails higher on UK retail data, ECB rate call

Sterling sailed higher on most key crosses Thursday as investors liked the currency after pleasing UK retail data, European Central Bank holding interest rates and last night's US tax-reform disappointment.

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27 Apr
Europe close: ECB pours cold water on expectations of policy shift

European stocks declined for the first time in seven days despite the European Central Bank sounding a more confident note on the single currency bloc's economy.

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27 Apr
London close: Resources weakness, US tax-reform hangover and ex-divs punish FTSE
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Equities in London were punished lower on Thursday as pronounced weakness among mining and oil majors, a US tax-reform hangover, and a bundle of ex-dividend shares all told against the FTSE.

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27 Apr
United Airlines to offer up to $10K to passengers affected by overbooking
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Under-fire US carrier United Airlines has said it will change its overbooking policy so that any passengers asked to give up their seat could be reimbursed as much as $10,000.

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