China Mobile shares fell the most in a year after Vodafone sold its stake in the company for $6.5 bln, nearly double what it paid, but analysts expect the stake sale to
European shares rose on Wednesday, as BP lifted oil majors after it released a report into its Gulf of Mexico oil spill, offsetting falls in banks on concerns over the financial sector's
Greece's austerity-hit economy shrank at a faster pace than previously thought in the second quarter, casting doubt on government hopes that the future path of a protracted recession will be relatively mild.
– By Edward Taylor and Arno Schuetze, Reuters Leading bankers played down concerns an uneven economic recovery and planned stringent new capital rules could plunge the sector into more ructions. Speakers at
– By Nicholas Paisner, Reuters Breakingviews When American banks began raising private capital in early 2009, it marked the beginning of a vertiginous rebound for U.S. financial stocks. Europe's lenders will be
– By Martin de Sa'Pinto, Reuters Assets in Europe's top 50 hedge fund managers rose by 11 percent to $300 billion between January 2009 and June 2010, helped by a surge of
Greek bank stocks were shedding more than 5% just after opening on Wednesday, underperforming the broader Greek market, as a sharp drop by National Bank (NBG) shares weighed on the benchmark index.
British house prices rose for the second month running in August, mortgage lender Halifax said on Wednesday, confounding expectations for a fall though it still expected house prices to stagnate overall this
National Bank <NBGr.AT>, Greece's largest lender, said on Tuesday it planned to raise 2.8 billion euros to boost its capital and better cope with debt and recession in its home country. The
Asian stocks fell on Wednesday, led by shares in Japan's big exporters as a rise in the yen to a new 15-year high threatened to erode their overseas earnings. Major European stock
