British inflation fell to its lowest level in five years last month and seperate surveys showed the Bank of England's stimulus helped to reverse a house price decline and buoy retail sales, pushing the economy closer to recovery. The British Retail Consortium said retail sales rose in September at their fastest annual rate in 5
More
German analyst and investor sentiment surprised by falling for the first time in three months in October, hitting its lowest level since July and suggesting Europe's largest economy would recover only gradually. The Mannheim-based ZEW economic think tank said on Tuesday its monthly poll of economic sentiment fell to 56.0 from 57.7 in September, pushing
More
Internal candidates to be the next chief executive of Marks & Spencer Plc will get a chance to shine on Tuesday when they present at the British retailer's first "investor day" for a decade. Institutional shareholders and analysts will get to assess presentations by finance and operations director Ian Dyson, head of food John Dixon
More
Gold hit a record $1,065.25 an ounce in Europe on Tuesday as the dollar fell to day lows versus the euro, fuelling interest in bullion as an alternative asset. A rise in oil prices to nearly $74 a barrel and a recovery in physical demand for gold after a sluggish year for the jewellery market
More
Cyprus has endorsed efforts by the EU Presidency and the European Commission for the better coordination and effectiveness of the EU member states to tackle H1N1 flu. In an intervention during an extraordinary meeting of the EU Health Ministers Council held in Luxembourg, Acting Permanent Secretary of the Ministry of Health Stella Kanna Michaelidou said
More
U.S. stock index futures pointed to a slightly lower opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.13 percent, Dow Jones futures down 0.11 percent and Nasdaq 100 futures down 0.06 percent at 4.30 a.m. EDT. Investors awaited quarterly results from Intel Corp (INTC.O) and Johnson & Johnson (JNJ.N), both
More
Britain's leading shares were 0.3 percent lower early on Tuesday, retreating from a 12-month high set the previous session with investors staying on the sidelines ahead of UK inflation data and upcoming U.S. corporate earnings. By 0757 GMT, the FTSE 100 index was 16.63 points lower at 5,193.54, having gained 48.30 points, or 0.9 percent
More
Oil rose for the fourth straight session on Tuesday, edging above $73 a barrel on the back of rising optimism about the pace of global economic recovery and weakness in the dollar. U.S. crude for November delivery rose 31 cents to $73.58 by 0809 GMT, after settling at a seven-week high of $73.27 on Monday.
More
European shares fell in early trade on Tuesday, with banks giving up some recent gains, and as investors awaited more third-quarter results. At 0833 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 percent at 1,001.16 points. On Monday, it rose 0.7 percent to its highest close since Sept. 23, boosted by
More
. In a Special Comment published Tuesday, Moody's Investors Service examined the wide-ranging weaknesses that many banks have displayed in managing their risks and that the global financial crisis has exposed. As part of its rating assessments, Moody's is placing even greater emphasis on its dialogue with banks on how risk information influences the decision-making
More