Gold had lost a fifth of it value since its peak last year as investors move into cash as fears over the eurozone crisis intensify.

Japanese government spending helped fuel a gradual recovery fron last year's earthquake and tsunami, with growth up 1% for Q1 compared to the previous quarter.

A group of hedge funds, including those run by Odey Asset Management, had a combined $1bn invested in JP Morgan Chase which suffered a near 10% drop in its share price on Friday.

Scott Thompson, CEO of computer firm Yahoo, has stepped down amid accusations a fake computer science degree was included on his CV.

F&C Asset Management(F&C) reported positive inflows of £13m into its retail range in the first three months of the year, after the group saw outflows of £122m in Q4, 2011.

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Standard & Poor's(S&P) has cut Spain's credit rating two notches to BBB+ and warned of more economic pain to come.

Standard & Poor's(S&P) has put a 'negative watch' on Argentina's credit rating, citing "rising restrictions to international trade" and "steps to nationalise oil company YPF".

Aviva Investors sent an e-mail by mistake on Friday dismissing its entire staff before retracting the message, according to reports.

French president Nicolas Sarkozy has lost the first round of the presidential election to his socialist rival Francois Hollande.