The Chinese version of Twitter, Weibo, filed a preliminary prospectus on Friday for an initial public offering in the U.S. to raise $500 million.
The value of U.S. government bonds held by foreign central banks at the Federal Reserve shrank by a record amount this week, causing a stir in the Treasury market.
The Federal Deposit Insurance Corporation has sued 16 big banks that set a crucial global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.
Consumer confidence in the U.S. unexpectedly dropped in March to a four-month low, indicating household spending may be slow to pick up from a weather-related setback earlier this year.
NEW YORK (Reuters) - Growing tension between the West and Russia ahead of Ukraine's weekend referendum in Crimea pushed down stocks on major world markets on Friday and drove up buying of safe-haven gold and the yen.