Commerzbank was down on talk it is trying to seal a deal for Dresdner. Commerzbank fell 1.1 percent and Dresdner's owner Allianz gained 1.4 percent after sources close to the matter told
European stock markets eased on Monday after sharp Friday gains while oil prices, which had tumbled before the weekend, made up a little of their lost ground. With trade thin because London
Oil rose above $115 a barrel on Monday as some investors saw buying opportunities after prices posted the biggest one-day slide in percentage terms since 2004 in the previous session. Analysts said
European stock markets on Monday gave up some of their Friday gains as oil steadied after its sharp pre-weekend drop despite a firm dollar. Sterling weakened in the aftermath of data showing
European shares fell in early trade on Monday, giving up some of their gains from the previous session, as volumes were hit by a UK stock market holiday while energy stocks declined.
Apple expects to sell 3.5 mln iPhones in Russia in the next two years, according to market sources familiar with new deals being struck by Russian carriers. Up to 600,000 iPhones have
European Central Bank President Jean-Claude Trichet on Saturday defended central bank responses to the financial turmoil that has roiled global markets for the past year and warned the storm is not over.
The U.S. dollar rose broadly on Monday, hitting a two-year high against sterling, as a downtrend in oil and gold prices left investors scurrying to buy back the currency, sparking a rebound
Federal Reserve Chairman Ben Bernanke on Friday called the U.S. inflation outlook "highly uncertain," and said central bank policy-makers would do what they must to preserve price stability. At the same time,
Warren Buffett said the economy is still in a recession and unlikely to improve before 2009 but that stocks appear better valued than a year ago. The billionaire investor also said there
