The Dow and the S&P 500 dipped on Monday in the thinnest volume so far this year, following their record closing highs last week as a lack of major news left the market directionless. Although about 100 companies in the S&P 500 are still scheduled to report earnings, the season is winding down sharply after
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A wildfire fanned by strong winds raged near Athens on Monday, damaging homes and sending residents fleeing, fire brigade officials said. Reuters witnesses said the blaze had damaged at least three homes at a hamlet by the town of Marathon – the site of the historic 490 BC battle between Athenians and Persians about 40
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A Turkish court on Monday sentenced a former military commander to life in prison and dozens of others including opposition members of parliament to long terms for plotting against the government, in a case that has exposed deep divisions in the country. Retired military chief of staff General Ilker Basbug was sentenced to life for
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Zimbabwe's main stock market index fell 11% on Monday in its first trading day since official results confirmed veteran President Robert Mugabe would extend his 33 years in power after trouncing Prime Minister Morgan Tsvangirai. The industrial index fell to 205.57 points in the mid-morning session, with all the top-ten shares save for the local
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U.S. stock index futures were little changed on Monday as investors looked for new reasons to buy following a rally that repeatedly took major indexes to record levels. The S&P 500 has risen for five of the past six weeks despite Friday's disappointing payroll report, which came in lower than expected. While the report showed
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Manchester United have rejected a second offer from rivals Chelsea for unsettled forward Wayne Rooney, the Premier League champions said on Monday. Chelsea tabled an improved bid for Rooney, having had an initial cash offer rebuffed last month. "A bid was received yesterday and immediately rejected," a United spokesperson told the BBC. "Our position remains
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At least 2,000 Islamist supporters of deposed Egyptian President Mohamed Mursi marched through downtown Cairo on Monday calling for his reinstatement and denouncing the army general who led his overthrew. The protest took place as international envoys spoke to leaders of both sides of the crisis in the search for a political solution and avert
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Retail sales in the euro zone fell across the board for the first time in three months in June, official data showed on Monday, highlighting the drag of depressed household spending on the bloc's fragile recovery. The European Central Bank hopes for a gradual overall improvement later this year in the health of the 17-member
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Sterling rose against the dollar and the euro on Monday after the British services sector expanded at its fastest pace in over six years in July and added to evidence that the UK economy is rebounding. But the pound's gains are likely to be capped before Wednesday's Bank of England (BoE) Inflation Report, when the
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Defying all predictions by the IMF, the European Commission and the bulk of private economists, President Francois Hollande is still banking on a turnaround in French unemployment by the end of the year. Not only that, he has upped the stakes by making it the top political priority of his Socialist government. "I will be
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