European shares extended gains to hit their day's highs in afternoon trade on Friday as financial stocks rose further and Wall Street notched up early advances. At 1352 GMT, the FTSEurofirst 300
Stocks added to gains on Friday after Federal Reserve Chairman Ben Bernanke said the recent decline in commodity prices and stabilization of the U.S. dollar were encouraging. The Dow Jones industrial average
European shares rose by midday on Friday, lifted by a rebound in financial stocks on the prospect that U.S. investment bank Lehman Brothers might be bought, while oil eased below $120 a
Stock index futures jumped on Friday after investor Warren Buffett said he has no bets against the dollar and stocks are more attractive now than a year ago. In his comments in
Warren Buffett said the U.S. economy is unlikely to improve before 2009, and that he expects the government to take action to support troubled mortgage financiers Fannie Mae and Freddie Mac. Speaking
Sterling fell on a trade weighted basis to its lowest in over 11-1/2 years on Friday, after a downward revsion to UK second quarter growth raised the chances of a technical recession.
The Vienna Insurance Group achieved a growth of 20.7% in the first half of 2008 compared to the previous year, with consolidated premiums written (without other insurance participation) at a total of
Ericsson has combined a GSM base station and satellite transmission in a solar-powered site, enabling Cambodian mobile operator Star-Cell to expand its network coverage in remote areas. The solution offers affordable communications
U.S. mobile service provider Verizon Communications Inc. is nearing an agreement with Google Inc. on a wide-ranging partnership, the Wall Street Journal said, citing people familiar with the situation. The deal under
Aon Corp, the world's largest insurance broker, has made a recommended cash offer for Benfield valuing the UK-listed broker at 844 mln pounds ($1.6 bln). The two sides said on Friday that
