After wandering higher for the past two weeks, mortgage rates reversed course, pulling back to near yearly lows. The retreat began last week after the Federal Reserve met and expressed concerns about the economy.
LONDON—Rio Tinto PLC and its partners approved the $5.3 billion underground expansion of the massive Mongolian Oyu Tolgoi copper and gold mine Friday, one of the biggest investments by a major miner in recent years.
TOKYO/SINGAPORE Asian shares wallowed at one-month lows on Friday as investors braced for the U.S. April payrolls report after jobless claims data raised doubts over the seemingly rosy employment picture.
... * Keeps 2016 global steel demand view of flat to up 0.5 pct. * Nudges up forecast for China, cuts forecast for Brazil. * Shares down 3 pct, but still up 50 pct this year (Adds share reaction, CFO comments).
NEW YORK (Reuters) - U.S. and European stock markets recovered on Thursday after a rebound in oil prices boosted energy shares, with some strong European earnings reports also supporting stocks in the region, while the dollar rose ahead of Friday's ...