European shares rose by midsession on Friday, extending a winning streak to five days, with automakers rising and banks gaining as Bank of America continued the trend of strong second-quarter earnings. At 1109 GMT, the FTSEurofirst 300 index of top European shares was up 0.6 percent at 872.40 points after hitting its highest closing level
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Bank of America posted lower earnings on Friday, following strong showings from its peers which have driven stock markets higher, and General Electric's profits also tumbled. With results from Citibank pending, Bank of America said second-quarter net income fell 25 percent to $2.42 billion due to a surge in troubled loans as more customers fell
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By Matt Falloon Few would bet against a big win for Britain's revived opposition Conservatives at the next election, but markets fear the worst case scenario for the investor could yet materialise — a hung parliament. Political risk in Britain is back on the radar after a recent attempt to destabilise Labour Prime Minister Gordon
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The CSE Council announced that it has accepted the listing of 34,615,385 ordinary shares of “Sea Star Capital Plc”, which were issued to Easy Group Holdings Ltd, whose major shareholder is Stelios Hadjiioannou, pursuant to the resolution approved by the Extraordinary General Meeting on July 15, 2009. It is noted that the above shares will
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The Bank of Cyprus Group announced a new organisational structure aimed at improving the organisation and achieving further synergies between the various units of the Group, especially taking into account the geographic expansion of the Group to the new markets (Russia, Romania and Ukraine) and in light of the forthcoming retirement of Antonis Jacouris, Group
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World stocks hit a one-month high on Friday on growing optimism that the earnings season may turn out to be better than expected, while investors set their eyes on giants such as Citigroup for clearer market trend. European shares recorded a fifth straight day of gains, with the FTSEurofirst 300 index of top European shares
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Dow Jones futures were down 0.01 percent by 4.38 a.m. ET while S&P 500 futures ticked down 0.05 percent and Nasdaq futures rose 0.3 percent, suggesting a mixed start for U.S. stocks on Friday after four days of gains. The focus is likely to be on second-quarter results from Bank of America (BAC.N) and Citigroup
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President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat began their 37th meeting on Thursday, in the context of UN-led direct negotiations to reach a settlement of the Cyprus problem. During their previous meeting, the leaders of the two communities read their introductory statements on the issue of security
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U.S. banks, at the centre of the world's financial crisis, will command investor focus on Friday with Bank of America and Citigroup results following strong showings from their peers. Stock markets have rallied this week as better-than-expected earnings from several big U.S. companies have raised hopes of better times ahead. But many experts say an
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Hedge fund LNG Capital is eyeing the debt of companies at risk of running short of cash, seeing the potential for high returns at an early stage of the credit crisis when companies are still able to tap rescue capital. When a corporate borrower raises money or sells assets to get over a liquidity hump,
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