WASHINGTON – US mortgage finance giant Freddie Mac said Friday it lost $6.3 billion for shareholders in the third quarter but would not seek any additional bailout funds from the government.
NEW YORK – The dollar gained on the euro Friday after a weaker-than-expected US employment report prompted buying of the safe-haven greenback on a day when gold prices surged to a record high.
NEW YORK – Wall Street stocks wobbled before ending with slender gains Friday as investors shrugged off disappointing US data showing unemployment above 10 percent, to end a strong week on an upbeat note.
SAN FRANCISCO – Shell Oil Company will pay California more than $19 million because of environmental violations at service stations throughout the state, officials said Friday.
NEW YORK – Oil prices tumbled Friday as official data showed unemployment hitting a fresh 26-year high in the United States, raising fresh doubts about the economic recovery and energy demand.
ST ANDREWS – Hosts Britain told the G20 it had "no reason to give up" on a new climate change deal Friday, as finance ministers met for talks on bolstering the world economy and green finance.
The Philippines, the world's top rice importer, is buying 250,000 metric tons of 25 percent broken white rice from Vietnam and Thailand, National Food Authority (NFA) spokesperson Rex Estoperez said.
Customers of the Manila Electric Co. (Meralco), the country’s biggest power distributor, will have to pay an additional 25 centavos per kilowatt-hour for their electricity bills this month due to the higher cost of power supplied by power generation companies.
