The dollar traded mixed on Friday after weaker-than-expected headline U.S. fourth-quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectations of long-term greenback gains.
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Fed's Fisher: stronger dollar good for U.S. jobs
Sharp gains in the U.S. dollar are good for the U.S. labor market, a top Federal Reserve official said on Friday, downplaying a crescendo of complaints from top executives over the dent to their profits.
Australia’s Crown Resorts drops Sri Lanka $400 million casino plan
Australian gaming mogul James Packer’s Crown Resorts Ltd. (CWN.AX) has scrapped a proposed $400 million luxury hotel and resort development in Sri Lanka after Colombo's new government withdrew approvals for casinos.
Austrians rue starting fashion for Swiss franc mortgages
The surging Swiss franc has dealt a double blow to homeowners in Austria, home of the trend for borrowing in the Swiss currency that has devastated mortgage holders across eastern Europe.
U.S. economy cools in fourth quarter, but consumer spending shines
U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006.
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Ride service Uber, which is trying to enhance its image after several controversies, on Friday released the findings of a report on its handling of passenger data and said it would act on all the report's recommendations for improvements.
U.S. stocks closed down on Friday after a volatile session as investors worried at the end of a rough month for the market about weak U.S. growth data and whether instability in Europe could hurt corporate earnings in the United States.
Greece should not undermine EU policy on Russia at a time when it is seeking support from its partners over its economic problems, European parliament President Martin Schulz told Greek newspapers on Friday.
Russia has handed a multi-billion dollar contract to build a bridge to the Crimea peninsula to an ally and former judo partner of Vladimir Putin who is under Western sanctions.
As Japan's Honda Motor Co (7267.T) pays hundreds of millions of dollars to replace potentially deadly air bags, hitting earnings, a new headache lies around the bend - cheaper U.S. petrol could lure buyers away from its fuel-efficient cars.
Sunac China Holdings Ltd has agreed to buy a 49.3 percent stake in troubled Chinese property developer Kaisa Group, a report in financial news magazine Caixin said on Friday, citing an unidentified senior company executive.
Qatar Airways has bought a 9.99 percent stake in International Consolidated Airlines Group (IAG) worth around 1.15 billion pounds ($1.7 billion), building closer ties with the owner of its partners British Airways and Iberia in the oneworld alliance.
Germany's newly installed onshore wind power capacity rose by a record 4,750 megawatts (MW) in 2014, industry groups said on Thursday, marking what is likely to be a peak annual gain as the country gears up for a nuclear-free future.
France's Lagardère (LAGA.PA) has joined the race to acquire a majority of Italy's airport retailer World Duty Free (WDF.MI), which belongs to the Benetton family, sources familiar with the situation said.
