World stocks slipped and the euro wobbled on Monday on renewed investor worries over Greece's debt crisis and after a surprise interest rate hike by India last week stoked concern about riskier assets. Pharmaceutical stocks were particularly in focus after the U.S. House of Representatives gave final approval to a sweeping healthcare overhaul. MSCI's all-country
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Stock index futures were little changed on Friday, with bank stocks in focus after bailed-out British lender Lloyds Banking Group Plc (LLOY.L) (LYG.N) said it would return to profitability in 2010. Lloyds shares rose 9 percent in morning trading and led the sector higher in Europe. The European Union's monetary affairs chief urged the bloc's
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Stocks were little changed on Thursday, though the S&P and Nasdaq turned lower after data from the Philadelphia Federal Reserve showed new orders in the U.S. Mid-Atlantic region decelerated in March. Earlier data showed initial jobless claims fell less than expected in the latest week, while February consumer prices were unchanged. "In any economic recovery
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A leading banker believes that the Cyprus banking system is losing out big time because of the delays to pass a long overdue law on covered bonds. Marfin Laiki Bank’s CEO Efthymios Bouloutas told a press briefing on Thursday that he doesn’t see the legislation introducing the instrument being passed by parliament this year. “Cyprus
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Greek bank shares fell more than 4.0 percent on Thursday, underperforming the broader Greek market, on worries Greece may be forced to turn to the IMF to deal with its debt crisis for want of EU aid. "There are concerns over the lack of concrete EU support and because Greece seems to be dragged towards
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World stocks slipped back on Thursday and the euro fell half a percent against the dollar on worries about Greece not receiving European Union aid. Wall Street looked set for a weak opening. The euro was trading at $1.3673, recovering slightly from a session low of $1.3648. An unidentified Greek official was quoted in a
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The United States kept up pressure on China on Thursday to let the yuan climb as Beijing disclosed it was sounding out exporters on whether they could cope with a stronger exchange rate. Washington wants Beijing to abandon a currency peg against the dollar that U.S. lawmakers say gives Chinese exports an unfair advantage in
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Oil dipped towards $82 a barrel on Thursday after a two-day rally, reacting to the dollar strengthening against the euro and a lack of strong steps from OPEC to tighten supplies above its official output cap. U.S. crude oil futures fell 59 cents to $82.34 a barrel by 1225 GMT, having briefly slipped below $82.
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Britain's Labour government may have leeway to boost spending ahead of a tight election expected within weeks after public borrowing rose less than forecast in February. The country is still heading for its biggest deficit ever after borrowing hit a record high for the month, Office for National Statistics data showed on Thursday. But the
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Britain's top share index edged 0.2 percent higher in midday trade on Thursday, driven by strength from drugmakers and energy stocks, while banks fell back after recent gains. By 1209 GMT the FTSE 100 was up 10.82 points, or 0.2 percent, at 5,655.45, after it closed closed 0.4 percent higher on Wednesday, at a 21-month
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