The White House on Tuesday said U.S. unemployment would be higher and the budget deficit larger than previously thought, which could slow President Barack Obama's drive to push his domestic policy plans
European shares turned positive in afternoon trading on Tuesday, tracking a rise in U.S. stock futures, with oil stocks rebounding from earlier losses. By 1247 GMT, the pan-European FTSEurofirst 300 index of
Oil bounced above $74 on Tuesday, nearly recouping earlier losses in line with equity markets ahead of a spate of U.S. economics data. U.S. crude was 4 cents up at $74.41 a
World stocks fell back after five days of gains on Tuesday and the dollar firmed as investors waited for fresh clues on whether the global economic recovery was truly picking up steam.
JPMorgan on Tuesday upgraded the European telecoms sector to "overweight", anticipating an improved economic climate in the second half, and said Vodafone , France Telecom and KPN were top picks. The upgrade
Britain's top share index was down 0.4 percent mid-session on Tuesday as investors paused for breath after markets hit 10-month highs on Monday, with heavyweight miners, oils, and banks retracing recent gains.
Stock index futures were slightly higher on Tuesday on news that Ben Bernanke will be renominated as chairman of the Federal Reserve and ahead of key consumer confidence and housing data. U.S.
U.S. President Barack Obama will nominate Ben Bernanke to a second term as chairman of the Federal Reserve on Tuesday, seeking to keep him in place to steer the world's largest economy
Yahoo Inc said on Monday it has revamped its search to compete against Microsoft Corp's Bing, even as it relies on the Redmond giant to power its queries. The announcement of plans
President Demetris Christofias has rejected criticism leveled against him by the leader of the Turkish Cypriot community that he trying to change provisions of the 1960 treaties, which established the Republic of
