World stocks lose steam waiting on Greece

NEW YORK - A rally in world stocks and the euro lost steam on Friday as investors awaited a Greek debt restructuring deal aimed at avoiding a disorderly default, while Wall Street ended a stellar week on a mixed note after dismal earnings from Google and GE. Related Stories Greece debt swap talks drag into weekend Former Woolworths staff win compensation Vodafone wins India tax battle Former Woolworths staff win compensation Insight -Clash over strategy forced high-profile exits at Nomura

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Greece debt swap talks drag into weekend

ATHENS - Greece and its creditors are continuing negotiations on a debt swap on Saturday after late-night talks edged them closer to a vital deal but failed to clinch an agreement. Related Stories Banks battle for business as firms ditch IPOs Former Woolworths staff win compensation Vodafone wins India tax battle Former Woolworths staff win compensation Insight -Clash over strategy forced high-profile exits at Nomura

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Cash bonuses capped at state-backed banks

LONDON - Bonuses in the financial services sector have "got out of control" in recent years, Prime Minister David Cameron said on Thursday, adding cash payments at state-backed banks would again be limited to 2,000 pounds. Related Stories Bank's Haldane wants bespoke bank accounting rules U.S. jobless claims near 4-year low, inflation muted Relief in Spain, tension in Greece for euro zone Sales bounce back at fashion retailer ASOS UK economy in mild recession, to grow in Q2 - Reuters poll

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Relief in Spain, tension in Greece for euro zone

MADRID/ATHENS - The embattled euro zone cleared a major funding test on Thursday when Spain romped through a key bond sale, while signs pointed to only a mild recession for the 17-nation bloc. Related Stories Ireland passes bailout review but growth fears weigh Bank's Haldane wants bespoke bank accounting rules U.S. jobless claims near 4-year low, inflation muted Sales bounce back at fashion retailer ASOS UK economy in mild recession, to grow in Q2 - Reuters poll

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S&P downgrades euro zone rescue fund

BRUSSELS - U.S. rating agency Standard & Poor's cut its credit rating of the euro zone's EFSF rescue fund on Monday, and Greece was under pressure to break a deadlock in debt swap talks if it is to avoid an unruly default. Related Stories U.S.

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Rescue fund downgrade raises pressure on euro zone

BRUSSELS - Political resistance is clashing with financial imperatives as the euro zone tries to strengthen its capacity to rescue debt-stricken member states after Europe's temporary bailout fund lost its top-notch credit rating. Related Stories Gold may hit $2000, end long bull-run, says GFMS U.S. cruise operators' shares fall on ship disaster Investment banks to dole out more doughnut bonuses Kraft to cut 1,600 jobs in split RIM shares jump on report of sale efforts

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Eurozone ratings cut shows need to spur growth – Hague

LONDON - Standard & Poor's decision to cut the sovereign credit ratings of nine euro zone countries shows Europe must step up its efforts to kick-start growth, the foreign minister, William Hague, said on Sunday. Related Stories FSB's Carney rejects calls to delay bank reforms S&P, Greek standoff pressure euro zone to boost defences UK, Hong Kong team up to boost London as yuan centre Toshiba set to propose tie-up with Olympus - report UK, Hong Kong team up to boost London as yuan centre

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Toshiba set to propose tie-up with Olympus – report

TOKYO - Toshiba is set to propose an equity tie-up with scandal-hit camera and medical equipment maker Olympus Corp , an industry newspaper said on Monday. Related Stories Oil groups set to bid for Anadarko's Brazil arm - FT FSB's Carney rejects calls to delay bank reforms S&P, Greek standoff pressure euro zone to boost defences UK, Hong Kong team up to boost London as yuan centre UK, Hong Kong team up to boost London as yuan centre

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World stocks fall prior to S&P cuts

NEW YORK - The euro fell to a near 17-month low and world stocks fell on Friday in anticipation that Standard & Poor's would downgrade the ratings of several euro zone countries, including France -- action that S&P took after U.S. markets closed

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S&P downgrades nine euro zone nations

NEW YORK - Standard & Poor's stripped France of its top AAA rating on Friday and carried out a mass downgrade of half the nations in the euro zone, a move that may complicate European efforts to solve a two-year old debt crisis. Related Stories French AAA credit rating to drop by one notch - Baroin BP CEO Dudley committed to Gulf after spill France says its credit rating to drop one notch World stocks fall prior to S&P cuts S&P downgrades nine euro zone countries

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