European stocks were up 2 percent around midday on Thursday, turning positive on the year as banks and insurers surged while a flurry of positive results eased fears over the outlook for
The European Commission is leading member states' coordination efforts to exchange information on surveillance, case definition and measures taken by EU countries to respond to this novel flu virus. The Commission said
Moody's Investors Service has downgraded Montenegro's government bond rating to Ba3 from Ba2, reflecting the country's deteriorating economic environment. The outlook remains negative. "The economic recession will likely cause a decline in
Euro zone inflation remained at a record low of 0.6 percent year-on-year in April, a first estimate showed on Thursday, as unemployment continued to climb quickly amid the worst European recession since
Oil rose towards $52 a barrel on Thursday, extending the previous day's gains as traders focused on improving economic data and draining fuel stocks rather than the swine flu outbreak. A surprise
World stocks scaled a four-month peak on Thursday, powered by solid gains in Asia, as investors took heart from signs of improvement in the U.S. economy suggesting regional exporters may need to
European stocks gained on Thursday for the second consecutive day, led by mining stocks, as a wave of European blue-chip earnings gave investors reason for optimism ahead of important U.S. data later
Britain's top share index gained 1.4 percent early on Thursday as the Federal Reserve inspired confidence that things may be improving for the ailing global economy, lifting investor confidence and bolstering commodity
Swiss bank UBS said on Thursday it had axed 2,000 U.S. jobs as part of its latest mammoth round of job cuts announced earlier in April. "I can confirm the 2,000 job
Apple Inc is hiring new employees from the semiconductor industry and is building the capability to design its own chips, the Wall Street Journal reported on Wednesday. The iPhone and iPod maker
