European shares sink again, dollar holds strong

LONDON - Doubts about the health of Europe's economy dominated trade on its major stock markets on Thursday after a cautious message from the U.S. Federal Reserve did little to stem the dollar's charge to 10-month highs.

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German jobless, retail data point to strong domestic economy

BERLIN - German unemployment dropped more than expected in July and retail sales climbed in June, data showed on Thursday, spelling good news for private consumption which is expected to drive growth in Europe's largest economy this year.

4:51am EDT

European court rules Russia must pay Yukos shareholders 1.9 billion euros

MOSCOW/STRASBOURG - The European Court of Human Rights (ECHR) awarded shareholders in Yukos 1.9 billion euros ($2.6 billion) in compensation after the former oil company argued Russia had unlawfully seized it after imposing bogus taxes and via a sham auction.

5:16am EDT

Samsung Electronics downbeat on third quarter prospects as profits slide

SEOUL - Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and flagged uncertain earnings prospects for its key handset business, fuelling worries about its ability to return to growth.

Tech, Media 5:30am EDT

Bank of America ordered to pay $1.27 billion for 'Hustle' fraud

NEW YORK - A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp.

Some WTO members discussing customs deal without India: sources

- A group of World Trade Organization (WTO) members has informally discussed adopting a global overhaul of customs rules without India if New Delhi goes ahead with threats to block the deal, sources familiar with the talks said on Thursday.

5:12am EDT


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