U.S. stock index futures pointed to a higher open on Wall Street on Thursday, following a four-day losing streak. At 5:04 a.m. EDT, futures for the S&P 500 were up 0.6 percent, Dow Jones futures were up 0.4 percent and Nasdaq 100 futures were up 0.6 percent. The key back-to-school selling season comes into focus
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Oil prices rose towards $69 a barrel on Thursday, drawing support from a sharp fall in U.S. gasoline inventories that revived hopes of a demand recovery in the world's largest fuel consumer. U.S. crude prices for October delivery were 93 cents higher at $69.98 a barrel by O939 GMT, after earlier rising more than $1
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The euro zone services economy jumped back almost to recovery in August, and is on course to grow in the current quarter led by a resurgent Germany and France, key data showed on Thursday. The data should reassure the European Central Bank as it meets that the worst of a severe recession is over even
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The World Trade Organisation must remain vigilant about protectionism as job losses continue to mount in the wake of the global crisis, Director-General Pascal Lamy said on Thursday. Many countries had raised trade barriers — mostly legal under WTO rules — to counter the crisis, Lamy said before a meeting of trade ministers to advance
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The global recession is coming to an end faster than thought just a few months ago and may already be over, according to forecasts published by the Organization for Economic Co-operation and Development. The recovery may even prove a little stronger than previously predicted, OECD chief economist Jorgen Elmeskov told Reuters in an interview where
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Cyprus has always stood by the side of the Armenian people with regard to their struggle for recognition of the Armenian Genocide, pledged House of Representatives Speaker Marios Garoyian. In his opening address on Wednesday at the Conference on “The Armenian Genocide and International Law” in Beirut, Garoyian noted “whether committed in times of peace
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The euro zone services economy jumped back almost to recovery in August, with Germany powering back to growth and France just an inch away too, a PMI survey showed on Thursday. The data should reassure the European Central Bank as it meets that the worst of a severe recession is over even though a return
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European shares edged higher in early trade on Thursday after China's stock market bounced and ahead of the European Central Bank's decision on interest rates. At 0834 GMT, the FTSEurofirst 300 index of top European shares was up 0.1 percent at 951.27 points, having moved in and out of positive territory. This came after three
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The global recession is coming to an end faster than thought just a few months ago and may already be over, according to forecasts published by the Organisation for Economic Co-operation and Development on Thursday. The recovery may even prove a little stronger than previously predicted, OECD chief economist Jorgen Elmeskov told Reuters in an
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Greek Prime Minister Costas Karamanlis launches a difficult election campaign on Thursday after calling early parliamentary elections to seek a new mandate and deal with a sharp economic crisis. The Greek bourse's benchmark stock index <.ATG> was down 3 percent at 0819 GMT, one of the biggest losses in Europe, in what analysts said was
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