NEW YORK (REUTERS) - The S&P 500 declined for a third day on Friday, with the three major United States (US) stock indexes posting their first negative week since mid-April on lingering concern that the US central bank may scale back its stimulus measures to support the economy.
LISBON (AFP) - Portugal may request a third revision to deficit targets agreed with EU-IMF creditors as part of its 78-billion euro (S$126 billion) international bailout, Prime Minster Pedro Passos Coelho warned on Friday.
HELSNKI (REUTERS) - Opposing sides in the debate about whether countries should focus on austerity or growth overstate the true difference between their positions, Bank of England Governor Mervyn King said on Friday.
BAGNIA, ITALY (REUTERS) - Fiat Chairman John Elkann, at the centre of a political controversy in Italy over plans by truck and tractor maker Fiat Industrial to move its fiscal residence to Britain, said his group had never tried not to pay taxes in Italy,
TAIPEI (REUTERS) - Taiwan slashed its 2013 economic growth outlook on Friday, showing increased concern that lacklustre global demand poses a threat to the island's pivotal tech exports to China and the United States.
