U.S.
  • U.S. stocks notched a gain for the sixth session in a row on Friday, while the euro faltered as gloomy Chinese economic data butted up against expectations policymakers could act to shore up the world's economies.

    LAST UPDATE : Aug 21, 2012, 3:09 PM EDT
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  • COLLINS, IA - AUGUST 07: Corn plants struggle to survive in a drought-stricken farm field on August 7, 2012 in Collins, Iowa. An exceptionally hot summer and the worst drought in more than a half century has caused cut prospects for the U.S. corn crop to a five-year low and has sent prices up to over $8.00 a bushel in late July trading. The price surge and limited supply has also prompted ethanol plants to voluntarily slow production by 20 percent, a two year low.

    The worst U.S. drought in more than half a century has battered the corn and soybean crops with larger losses than expected, causing domestic stockpiles to shrivel to near bare-bones levels.

    LAST UPDATE : Aug 21, 2012, 2:27 PM EDT
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  • U.S. regulators directed five of the biggest U.S. banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

    LAST UPDATE : Aug 21, 2012, 12:17 PM EDT
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  • MANCHESTER, ENGLAND - MAY 06: Wayne Rooney of Manchester United in action during the Barclays Premier League match between Manchester United and Swansea City at Old Trafford on 6 May 2012 in Manchester, England.

    The world's most popular sports team is getting ready to list its stock on the world's largest exchange.

    LAST UPDATE : Aug 21, 2012, 11:17 AM EDT
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  • The giant U.S. agribusiness said on Thursday that quarterly earnings fell 82%, its worst quarter in more than 20 years.

    LAST UPDATE : Aug 21, 2012, 11:17 AM EDT
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  • BONDURANT, IA - AUGUST 07: Corn plants struggle to survive in a drought-stricken farm field on August 7, 2012 in Bondurant, Iowa. An exceptionally hot summer and the worst drought in more than a half century has caused cut prospects for the U.S. corn crop to a five-year low and has sent prices up to over $8.00 a bushel in late July trading. The price surge and limited supply has also prompted ethanol plants to voluntarily slow production by 20 percent, a two year low.

    The Plains states where the production of corn and soybeans is key are being hit harder by excessive drought conditions in the wake of the hottest month on record in the continental U.S., contributing to a surge in global food prices.

    LAST UPDATE : Aug 21, 2012, 11:12 AM EDT
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  • A trader looks at the IBEX-35 index billboard on June 18, 2012 at Madrid's stock exchange. The rate which Spain must pay to borrow for 10 years switched direction and rose to a record above 7.0 percent in morning trading after dipping in response to the Greek election.

    Financial markets were lackluster on Thursday — what many consider the fifth anniversary of the start of the global credit crisis — despite positive U.S. jobs figures and hopes that China's monetary authorities will do more to shore up economic growth in the world's second largest economy.

    LAST UPDATE : Aug 21, 2012, 11:12 AM EDT
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