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WSJ.com: Markets
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Markets
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Growth, Stability at Stake in Basel
International banking regulators meet this weekend in Basel, Switzerland, to hammer out the details of a pact that will have lasting consequences for the world economy.
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Commodity-Backed Currencies Advance
The U.S. dollar weakened against commodity-backed currencies such as the Australian and Canadian dollars as strong Chinese economic reports fueled bets on currencies closely tied to the pace of global economic growth.
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Treasurys, Bunds, Gilts Drop
Treasurys fell for a third straight session as fear of a double-dip recession in the U.S. eased. Government bonds in Germany and the U.K. also lost ground.
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Energy Lifts U.S. Stocks
The energy sector led U.S. stocks higher as expectations for global oil demand improved, but the gains were limited by concerns about further China tightening.
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Rising Yuan May Deflect U.S. Pressure
China's currency hit a new high against the dollar, which may signal a fresh attempt by the government to deal with rising U.S. political pressure.
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PG&E Shares Fall After Explosion
PG&E shares tumbled, wiping out more than $1 billion in market value for the owner of the natural-gas pipeline that exploded in a suburb of San Francisco.
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Crude Jumps After Pipeline Leak
Crude futures surged 2.9% after a pipeline leak in Illinois rattled traders worried about its effect on supplies.
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Wholesale Inventories Rise
Inventories at U.S. wholesalers rose 1.3% in July -- the most in two years -- an unexpected surge that suggested confidence in the economic recovery.
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Philippines Raises $1 Billion in Global Bond Deal
The Philippine government raised $1 billion through the sale of its first ever peso-denominated global bond, a move designed to cut its foreign-exchange risk.
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Gold Loses Some Appeal
Gold futures fell as the metal's safe haven allure dims further, outweighing overnight support from Bangladesh's purchase of 10 metric tons of gold from the IMF.
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Dubai World Debt Plan Wins Support
Troubled government-owned investment conglomerate Dubai World said it has over 99% support among creditors for its proposal to restructure around $24.9 billion of debt.
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BP Delays Quarterly Report
BP is delaying the release of its third quarter earnings by one week to give the company more time to prepare additional data and disclosures needed following the oil spill in the Gulf of Mexico.
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Incubator Bank Files for Bankruptcy
Incubator Bank of Japan, a specialist in small business loans, filed for bankruptcy protection Friday, in a case that will invoke the government's deposit protection scheme for the first time.
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China Data Bolsters Japan Shares
Asian stock markets were mostly higher Friday, as Japanese shares got a boost from rising imports in China. The Nikkei jumped 1.6%
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European Markets Tread Water
European stocks were flat, but Nokia shares gave the technology sector a boost after the company announced a new chief executive.
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