The $600 billion Government Pension Fund Global fell 2.5 percent, as measured by a basket of currencies, its third worst annual loss since 1998, the Oslo-based investor said today. It
Norway Oil Fund Lost $15 Billion in 2011 as Stocks Declined
The $600 billion Government Pension Fund Global fell 2.5 percent, as measured by a basket of currencies, its third worst annual loss since 1998, the Oslo-based investor said today. It
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Goldman Stunned by Op-Ed Loses $2.2 Billion for Shareholders
The shares dropped 3.4 percent in New York trading yesterday, the third-biggest decline in the 81-company Standard & Poor’s 500 Financials Index, after London-bas
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Getting to grips with the EU's new fiscal pact
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Business Inventories in U.S. Expand More Than Forecast on Auto Stockpiles
The 0.7 percent rise followed a revised 0.6 percent advance the prior month that was larger than previously reported, Commerce Department data showed today in Washington. The median projection in a Bloomberg News survey cal
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Stress tests? Bank investors should relax
And who can blame them? On Monday the Fed released the methodology for the tests. They include a worst-case scenario of 13% unemployment and a 50%
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Special Report: Mario Draghi's quiet revolution
Wearing the same understated, dark blue tie he had sported when he led the ECB to a surprise interest rate cut at his first meeting as president a month earlier, Europe's most powerful banker wanted to hear his colleagues' arguments on what action to take this time.
The meet
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5 of the world’s cheapest dividend-paying stocks
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US economy creates 227,000 jobs in February
The rise in jobs added was above forecasts for an increase of 210,000 jobs, the Labor Department said.
The unemployment rate of 8.3% is still the lowest in nearly three years and comfortably below the level of much of last year.
US employment has been steadily rising
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Live! From New York! It's Jobs Friday
A fresh update on the U.S. employment situation for February hits the wires at 8:30 a.m. New York time . It will offer one of the most important snapshots on how the economy fared during the second month of the year. Expectations are
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US Feb. jobs gains seen strong, keeping Fed at bay
The economy probably created 210,000 jobs last month, according to a Reuters survey, following January's tally of 243,000. The unemployment rate is expected to have held at a three
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Markets Cautious Again Ahead of NFP
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Jobless Claims in U.S. Rose 8,000 Last Week
Applications for unemployment insurance payments increased by 8,000 in the week ended March 3, Labor Department figures showed today. Economists forecast 352,000 claims, according to the median estimate in a Bloomberg News survey. The average over the past fo
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Asian markets rally to end 3-day losing streak
“It’s looking more than likely that the Greek debt deal will go through, which is reducing some concerns in the market right across a region,” said Peter Esho, chief ma
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A Primer on the Great Greek Bond Swap
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Dollar weakens a touch versus rivals
The ICE dollar index DXY -0.17% , which measures the greenback against a basket of six currencies, reached 79.711, slightly down from 79.843 in late North American trading on Tuesday.
The dollar gained on Tuesday as worries about the success of Greec
