Oil services firms eye market pick-up

Prospects for companies that provide services for oil and gas producers were lifted on Thursday when Norway's Aker Solutions' third-quarter topped forecasts and Britain's Petrofac saw healthy activity. The oilfield services sector

Microsoft launches Windows 7

Microsoft Corp launched Windows 7 on Thursday in its most important release for more than a decade, aiming to win back customers after the disappointing Vista and strengthen its grip on the

UK retail sales show no monthly growth in Sept

British retail sales failed to grow for a second month running in September, official data showed on Thursday, confounding expectations for a 0.5 percent rise. The Office for National Statistics said sales

Poor earnings hit stocks, dollar bounces

Disappointing corporate results knocked equities lower on Thursday while the dollar bounced off 14-month lows. Gold and oil both slipped as the dollar rose. Euro zone government debt was flat. Investors in

Ericsson’s results send European shares lower

Europe stocks fell 1.3 percent in early trade on Thursday, tracking losses on Wall Street, as worse-than-expected quarterly results from telecom gear firm Ericsson prompted investors to pocket some of their recent

Moody’s maintains ‘stable’ outlook on EBRD

Moody's Investors Service maintains a stable outlook on its Aaa issuer rating for the European Bank for Reconstruction and Development (EBRD), according to its newly-published credit analysis. The rating reflects EBRD's prudent