Oil rises towards $69 on economy hopes

Oil prices rose towards $69 a barrel on Thursday, drawing support from a sharp fall in U.S. gasoline inventories that revived hopes of a demand recovery in the world's largest fuel consumer.

Global recession ending: OECD

The global recession is coming to an end faster than thought just a few months ago and may already be over, according to forecasts published by the Organization for Economic Co-operation and

European shares edge higher as China gains

European shares edged higher in early trade on Thursday after China's stock market bounced and ahead of the European Central Bank's decision on interest rates. At 0834 GMT, the FTSEurofirst 300 index

Global recession ending – OECD

The global recession is coming to an end faster than thought just a few months ago and may already be over, according to forecasts published by the Organisation for Economic Co-operation and

Greek PM calls snap election, takes risky gamble

Greek Prime Minister Costas Karamanlis launches a difficult election campaign on Thursday after calling early parliamentary elections to seek a new mandate and deal with a sharp economic crisis. The Greek bourse's