Strong growth in China and upbeat corporate earnings lifted world stocks on Thursday to a new high for the year, putting them at levels last seen around the collapse of Lehman Brothers. World stocks as measured by MSCI were up 0.1 percent, extending recent gains to September 2008 levels. The index all-country world index is
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Microblogging sensation Twitter. which has now signed up more than 100 million users, outlined on Wednesday several revenue-generating initiatives, declaring that making money was now a primary goal. The popular Internet service hopes to snag hundreds of millions more users in coming years by making the service easier, integrating Twitter directly into Web sites and
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Stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.3 percent, Dow Jones futures down 0.2 percent and Nasdaq 100 futures down 0.21 percent at 5:12 a.m. EDT. China's economy started 2010 at a cracking pace, reporting surprisingly strong 11.9 percent year-on-year growth in
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Cyprus is actively supporting all efforts concerning the use of space related technologies and applications, said Thursday Minister of Communications and Works, Erato Kozakou-Markoullis. Addressing the International Conference “Space Applications for Cyprus and the Mediterranean Region”, which takes place in Nicosia, Markoullis said that Cyprus, at this point in time, is seeking to define its
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China chalked up unexpectedly strong annual growth of 11.9 percent in the first quarter, prompting renewed calls for tighter policies to prevent the economy from overheating and stoking speculation of when Beijing will loosen its grip on the yuan. The rate of expansion, the fastest since 2007 and above the median forecast of 11.5 percent
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European shares edged higher at midday on Thursday, with drugmakers rising after sales at Roche beat forecasts, though gains were capped by weaker mining stocks. At 1057 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.2 percent at 1,107.14 points, having moved in and out of positive territory. The index hit an
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Greece has not changed its plan to hold a U.S. bond roadshow, a senior government official told Reuters on Thursday, denying earlier press reports. "There is absolutely no change to our plans regarding the U.S. roadshow," the official, who requested anonymity, told Reuters. Dow Jones Newswires had reported earlier in the day that Greece may
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Greece's aid deal has saved it from default and quashed fears of a euro zone breakup, policymakers said on Thursday, and the head of its finance minister group said new tools were needed to help fiscal stragglers. Investors took a less rosy view, selling the euro and driving up Greek bond yields ahead of a
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A planned euro zone aid package for Greece goes against the spirit of the Maastricht Treaty and the International Monetary Fund should take a leading role in any rescue, top European economic institutes said on Thursday. The eight think tanks said the IMF would be more credible than an EU institution in demanding repayment of
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Turkish Cypriot leader Mehmet Ali Talat is disappointed with the European Union for using Cyprus as an argument against Turkey's possible accession to the 27-nation bloc, he told an Austrian newspaper on Thursday. "The EU is partly responsible for the growing indifference to reunification and also for the increasing support for my opponents who favour
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