LONDON, Aug 4 (Reuters) – European shares fell in early trade on Monday as a higher oil price underscored inflation worries and financial stocks weakened ahead of results from the region's largest bank, HSBC. At 0716 GMT, the pan-European FTSEurofirst 300 index fell 0.6 percent to 1,157.08 points. Banks took the most points off the

U.S. officials think the dollar has fallen far enough, and a deeper decline would risk stoking already hot inflation while providing only a marginal added kick to exports. The U.S. Treasury Department stood quietly by while the currency dropped some 30 percent since 2002, in part because economists widely believed the dollar was overvalued and

The U.S. Federal Reserve is expected to hold interest rates steady on Tuesday, acknowledging financial conditions remain strained, but making clear it is still worried about inflation despite a recent pullback in energy prices. Economists say the central bank is likely to tweak the language of its statement, released when announcing its decision, to reinforce

Standard & Poor's Ratings Services said today that it has revised its outlook to stable from negative on eight Turkish financial entities: — T.C. Ziraat Bankasi A.S. (Ziraat), — Türkiye Is Bankasi A.S. (Isbank), — Türkiye Garanti Bankasi A.S. (Garanti), — Garanti Finansal Kiralama A.S. (Garanti Leasing), — Yapi ve Kredi Bankasi A.S. (YapiKredi), —

Olympic sponsors are launching possibly the largest advertising and marketing campaign ever, aiming to etch their brands in the minds of a new generation of Chinese consumers for far beyond the upcoming Games. The ads range from traditional print and TV to glitzy new on-line media, blanketing a vast country whose citizens place an extraordinarily

Asian stocks fell on Monday as a rebound in oil prices to above $126 revived inflation concerns at a time of growing signs that a downturn in the U.S. economy is spreading worldwide. Fears of a looming recession in the world's top economy dented shares of Asian manufacturers that rely on U.S. demand, such as

By Sumeet Desai LONDON, Aug 1 (Reuters) – British manufacturing is shrinking at its fastest rate in a decade and the number of companies going to the wall has shot up dramatically, two reports showed on Friday, raising fears the economy may soon be in recession. Bellwether department store chain John Lewis added to the

European stocks trimmed losses on Friday afternoon after better-than-expected U.S. monthly payroll data, but remained in the red as the unemployment rate climbed to 5.7 percent in July, its highest in more than four years. At 1237 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 percent at 1,175.30 points. The U.S.