November 7, 2008

World markets up despite big US jobs decline (AP)

A broker watches displays showing stock prices at a brokerage firm in Hong Kong Friday, Nov. 7, 2008. Asian stock markets retreated for a second day Friday as downbeat company forecasts and slugging U.S. economic data stoked pessimism about the global economy. (AP Photo/Vincent Yu)AP - Wall Street and European stock markets rose Friday despite the news that unemployment in the U.S. is running at a 14-year high, as the monthly jobs report turned out better than many investors had feared.

AP

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November 7, 2008

Brown escapes defeat in Scottish special election (AP)

The Labour Party's Glenrothes by-election candidate Lindsay Roy, right, and former Labour Party government minister John Prescott campaign in Glenrothes Scotland Wednesday Nov, 5, 2008. British Prime Minister Gordon Brown is not on the ballot, but the special election in Scotland on Thursday will indicate whether his response to the world economic crisis has revived his flagging electoral fortunes. The election in Glenrothes, a small former coal mining town, is the first since Brown launched an unprecedented and widely praised 37 billion pound (US$63 billion) bailout of some of Britain's leading banks last month. The slogan on the banner refers to the Scottish National Party who are expected to be the Labour Party's main opposition for the parliamentary seat.. (AP Photo/Danny Lawson/PA)AP - British Prime Minister Gordon Brown said Friday the Labour Party's surprise victory in a hotly contested special election shows the public approves of his handling of the economic crisis.

AP

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November 7, 2008

European markets up despite big US jobs decline (AP)

A broker watches displays showing stock prices at a brokerage firm in Hong Kong Friday, Nov. 7, 2008. Asian stock markets retreated for a second day Friday as downbeat company forecasts and slugging U.S. economic data stoked pessimism about the global economy. (AP Photo/Vincent Yu)AP - Europe's stock markets rose Friday but remained off earlier highs after the closely-watched U.S. jobs report for October showed unemployment at a 14-year high.

AP

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November 7, 2008

EU leaders to call for fast finance reforms (AP)

AP - EU nations planned to call Friday on world leaders attending next week's summit to agree major reforms to the global finance system by late March.

AP

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November 7, 2008

FTSE 100 up 60.26 at 4,332.67 (AP)

AP - Share prices on the London Stock Exchange were higher at midday Friday.

AP

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  • HSH Nordbank chief resigns due to financial losses (AP)