European shares rose on Thursday, with gains by banks on better-than-expected results from JPMorgan Chase & Co more than offsetting declines in tech shares as bellwether Nokia warned on margins. At 1111 GMT, the FTSEurofirst 300 index of top European shares was up 0.5 percent at 868.00 points, rising for the fourth straight day after
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Upbeat results from JP Morgan boosted banks, lifting Britain's top share index into positive territory for a fourth session in mid-session trade on Thursday. The index was trading in slightly negative territory in early trade but the JP Morgan results lifted the FTSE 100 index 0.2 percent, or 8.53 points, to 4,354.99 by 1110 GMT.
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Job cuts and an upsurge in protectionism in the West have eaten into the money eastern European emigrants send home and frayed a crucial lifeline for hundreds of small towns stricken by the economic crisis. Cash sent back by Romanians working abroad — an estimated tenth of the 22 million population — is down by
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Banks in Britain who don't comply with what would be the toughest remuneration regime in the world face being held to account by their regulators, the author of a UK government-sponsored review said on Thursday. The worst financial crisis since the 1930s forced Britain to tap 1.3 trillion pounds of taxpayer money to nationalise two
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World stocks hovered around flat on Thursday despite strong Chinese growth data that provided reassurance on the global economy for investors bracing for the spate of U.S. and European corporate results due this week. As the mood turned cautious, the yen and the dollar rose and U.S. Treasuries ticked higher, while oil prices were steady
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* U.S. stock index futures pointed to a lower start on Wall Street on Thursday, ahead of second-quarter numbers from JPMorgan, Google and IBM. * At 0900 GMT, futures for the S&P 500 were down 0.3 percent, Dow Jones futures were down 0.4 percent and Nasdaq 100 futures were 0.3 percent lower. * European shares
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A review for the British government has made 39 recommendations on how banks and other big financial institutions should be governed in a bid to avoid another credit crunch which has been partly blamed on poor bank governance. The review was conducted by David Walker, a former chairman of Morgan Stanley International bank and aims
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World stocks hovered around flat on Thursday despite strong Chinese growth data that provided reassurance on the global economy for investors bracing for the spate of U.S. and European corporate results due this week. As the mood turned cautious, the yen and the dollar rose and U.S. Treasuries ticked higher, while oil prices were steady
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Technology news website TechCrunch published on Wednesday sensitive internal documents belonging to Twitter, including financial projections, offering a rare glimpse into the wildly popular microblogging site. Twitter has a targeted revenue run rate of $140 million by the end of 2010, with the expectation it would record its first revenue — a modest $400,000 —
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Amazon.com Inc has been sued by a user of its Kindle electronic reader who claims the device's cover, which is sold separately, can break the screen and make the device inoperable. The lawsuit, filed on Tuesday in U.S. District Court for the Western District of Washington, where Amazon is based, claims the covers designed and
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