US futures advance

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP
US stock futures increased rapidly on Friday in line with European equity markets. Futures for the Dow Jones Industrial Average added 0.9% or 103 points, while futures on Standard & Poor's 500 gained 1% or 12.10 points reaching 1,256. Nasdaq 100 futures edged up 0.1% or 22.75 points. Markets extend gains on hopes for positive job report from US later today. 
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Fri, 02 Dec 2011 12:19:55 GMT

Reuters boss to step down

Tom Glocer, CEO of news group Reuters, announced he is stepping down after running the company for 10 years. He will step down on 1 January and the current chief operating officer, James Smith will replace him. The change follows the worries about a decline in the company's share price by 29% this year.

Fri, 02 Dec 2011 12:45:01 GMT

Merkel compares fighting debt crisis with marathon

German Chancellor Angela Merkel in her speech compared tackling debt crisis with marathon. She also rejected again the idea of issuance of common Eurobonds as well as claimed that ECB should not be required to resolve crisis alone. Merkel emphasized that the role ECB is different from that of Fed or Bank of England. Chancellor told only long term steps can end

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