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 top shares was up 0.1 percent at 976.14 points after falling to a low of 967.98 points earlier in the session. "Volumes are
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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 barrel by 1211 GMT, having fallen to as low as $73.41 earlier. On Monday, it hit $74.81, the highest intraday prices since mid-October.
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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. Wall Street looked set for a modest start, however. Emerging markets led declines. China's volatile Shanghai Composite Index fell 2.6 percent but investors
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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 buoyed telecom shares with Vodafone gaining 2.2 percent by 1054 GMT. France Telecom shares rose 2.5 percent and KPN stock was up 1.37
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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. By 1048 GMT, the FTSE 100 index was 20.00 points lower at 4,876.23 after closing 45.34 points higher on Monday, snapping a five-session
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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. President Barack Obama will renominate Ben Bernanke for a second term as chairman of the Fed on Tuesday, a senior administration official said.
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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 out of its deepest downturn since the Great Depression. Obama will interrupt his vacation on the Massachusetts island of Martha's Vineyard to make
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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 to put a new face on Yahoo Messenger and Mail and add functions to its search engine came after news that Google and
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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 Cyprus. “I seek to change the Zurich and London Agreements which provide that the President of the country is directly elected by the
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President Nicolas Sarkozy summoned the heads of France's biggest banks on Tuesday as he steps up pressure for tighter controls on traders' bonuses ahead of meetings with the Group of 20 nations next month. Sarkozy has been among the loudest international critics of unrestrained financial market practices and has seized on public outrage over the
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