Elizabeth Davidsen

Spot gold is higher in Europe Friday, regaining some ground after the previous session's losses, but trading cautiously ahead of key U.S. employment data later in the global day.

Poland's Bank Polska Kasa Opieki SA (PEO.WA), the country's second-largest bank by assets, is likely to at least match its first half net profit of 1.41 billion zlotys ($422 million) in the second six months of the year, Chief Executive Luigi Lovaglio said Friday.

Ayala Land Inc.'s (ALI.PH) second-quarter net profit rose 25% from the year-earlier period as earnings at the Philippines' largest property developer by sales and market capitalization continued to be boosted by a buoyant real-estate market, it said Friday.

Spanish two-year government bonds soared Friday, sending the yield down by more than half a percentage point to 3.78%, according to electronic trading platform Tradeweb, a day after European Central Bank President Mario Draghi said any future bond-buying efforts by the ECB would be focused on the

Akbank TAS (AKBNK.IS), Turkey's largest bank by market value, Friday reported a 16.4% fall in second-quarter net profit due to lower consumer price index-linked yields and an increasing trading loss.

China Southern Airlines Co. (ZNH), one of the country's three biggest air carriers, said its 51%-owned unit Xiamen Airlines Co. has agreed to buy 40 B737 jets from Boeing Co. (BA) to boost capacity and modernize its fleet.

Audi AG (NSU.XE) Friday introduced a refreshed version of the A8 L luxury sedan in India as part of a plan to try and power past German rivals Daimler AG and BMW AG in the Southeast Asian country by 2015.

Off to college? It can be a bit scary, especially if you don't know anyone at the school you plan to attend. Still, take heart; things could be worse. Girls and boys of the Okiek tribe of Kenya are ritually circumcised or excised when they're 14-16 years old. They then cover themselves in clay and

The property market in the City, London's financial center, received a boost in second-quarter activity following high levels of demand from the Technology, Media and Telecoms sector, according to upmarket estate agent Knight Frank.

Sembcorp Industries Ltd. (U96.SG) Friday said its second-quarter net profit rose 9% from a year earlier, driven by strong performance in its energy and water utilities businesses.