World stocks flirted with a year high on Friday and were on track to close with a seventh consecutive week of gains, as investors showed increasing confidence in global economic recovery. The
. I am forced to say that in many contacts I have made in the past few weeks I have heard little else but grumbles about the absence of customers and the
The U.S. economy shrank less than expected in the second quarter and fewer workers filed new claims for unemployment benefits last week, supporting views the economy was starting to heal after a
Russia has proposed a meeting with OPEC member countries in Moscow in the autumn, Russian news agencies quoted Energy Minister Sergei Shmatko as saying on Thursday. "OPEC is obviously interested in maintaining,
Britain's top share index was 0.1 percent lower mid-session on Thursday as investors liking for risk was showing signs of fatigue ahead of a long holiday weekend following recent hefty gains. London
European shares fell 0.2 percent by midday on Thursday as gains in pharmaceuticals and utilities were outweighed by weakness in the beverage sector after Diageo lowered its profit target. By 1102 GMT,
Cyprus is facing a decline in all sources of government revenue as the economic downturn bites, hitting the island's public finances, the finance minister said on Thursday. Cyprus, which had posted surpluses
Cypriot Hellenic Bank posted a 96% drop in first-half net profit to EUR 2.06 mln compared to profits of EUR 50.89 mln a year ago in the same period but well above
Oil fell towards $70 on Thursday, after touching 10-month highs earlier this week, as swollen crude and distillate inventories outweighed positive economic data from the world's largest consumer, the United States. U.S.
Hedge fund manager John Paulson, who bet against financial companies after foreseeing the credit crisis, has been buying Citigroup Inc (C.N) shares over the past few weeks, the New York Post reported,
