Stocks, dollar rise after strong US data

World stocks rose for a third straight session on Wednesday and the dollar set a two-month peak against the yen after upbeat U.S. housing market data fanned expectations for a solid recovery

FTSE higher, boosted by commods, banks

Britain's top share index advanced for a third straight session on Wednesday, reflecting strength on Wall Street on optimism about the housing sector, with commodity stocks and banks among the top risers.

Outage cripples BlackBerry Americas network

North and South American users of Research in Motion Ltd's BlackBerry smartphone suffered widespread delays in message services on Tuesday, just a week after another outage struck the popular corporate network. Customers

Asian shares rise, dollar pressures oil

Indian and Australian shares led Asian stock markets higher on Wednesday, while oil and gold came under pressure as the dollar held firm thanks to optimism about the U.S. economy. Leading European

BoE’s Posen says QE working, notes risks

The Bank of England's unprecedented quantitative easing programme has helped Britain stave off a Japanese-style depression though the balance of risks to growth and inflation remains to the downside, policymaker Adam Posen

U.S. economy expands 2.2 pct in Q3

The U.S. economy grew at a much slower pace than initially thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, according to data