Oil crept up to near $74 a barrel on Monday within sight of a 10-month high, supported by optimism that an economic recovery will spur a rebound in energy demand. A string of positive economic data from various countries and rallying stock markets helped lift oil prices by 9.5 percent last week. But traders said
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European shares hit a 10-month peak on Monday, with euro zone industrial orders data providing more evidence of economic recovery, and miners gaining as metals prices rose. At 1037 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.7 percent at 973.93 points, having hit a 10-month high of 977.93 points earlier in
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Britain's top shares rose 0.4 percent mid-session on Monday as robust commodity prices pushing miners and oils higher, and financial stocks found support on optimism over the pace of global economic recovery. At 1053 GMT, the FTSE 100 index was up 21.00 points at 4,871.89, albeit having hit a fresh 2009 peak of 4,911.41 earlier,
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Stock index futures rose on Monday after four straight positive sessions for Wall Street, as global stocks hit 10-month highs on hopes that the U.S. economy will soon start to recover from recession. U.S. stocks ended last week at 2009 highs after a surprising rise in home sales and optimistic comments from Federal Reserve chief
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Is it game over for the recession? Or will consumers stay in hibernation? Investors will watch this week's new home sales and consumer data to see if the economy's recovery is on track and whether the rally in U.S. stocks — now at 2009 highs — will continue. On Friday, Wall Street got more confirmation
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Online social networking site Facebook is looking to expand its staff by as much as 50 percent this year, its chief executive Mark Zuckerberg told Bloomberg news agency in an interview dated August 20. Facebook's website says it has more than 900 employees. The company, which counts venture capitalist Peter Thiel, Accel Partners, Microsoft Corp
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IPhone maker Apple Inc told U.S. regulators it has not approved Google Inc's Voice application, which could challenge the wireless industry's giants, because it interferes with the iPhone "user experience." Apple told the Federal Communication Commission (FCC) on Friday that the Google app appears to replace the iPhone's core mobile telephone functionality and user interface
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Microsoft Corp and Yahoo! Inc are joining a group of opponents to a class action settlement that gives Google Inc the right to digitize millions of books, the companies said on Friday. The companies are becoming part of the Open Book Alliance, made up of nonprofits and libraries that have raised a red flag against
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The Cyprus government has sent aircrafts, small brigade vehicles, firemen and members of the Civil Defence to Greece to help efforts to extinguish fires raging near Athens. Cyprus Justice and Public Order Minister Loucas Louca has said that Cyprus government is ready to further support firefighting groups, if it is asked to. Louca said on
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Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world's recent financial troubles, sees a "big risk" of a double-dip recession, according to an opinion piece posted on the Financial Times' website on Sunday. Roubini, a professor at New York University's Stern School of Business, said it appears the global
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