LONDON (MarketWatch) - German business confidence fell short of expectations Friday, weighing on German stocks as the report underscored worries that growth in Europe's largest economy is losing steam.
Rupert Murdoch's 21st Century Fox entered a deal Friday to sell all of its stake in Sky Italia and a majority stake in Sky Deutschland to BSkyB, raising more than $8 billion cash to fortress its rebuffed Time Warner bid.
Russia's central bank decided to lift its key rate unexpectedly on Friday as geopolitical tensions increased risks of inflation amid rising threats to growth.
The fallout from the scandal over food safety at a Chinese supplier to McDonald's and KFC owner Yum Brands Inc spread Friday, as McDonald's Japan said it would stop selling all chicken items produced in China.
The figures, from the Office for National Statistics (ONS), show the economy is now 0.2% ahead of its pre-crisis peak, which was reached in the first quarter of 2008.