Manufacturing activity continued to power ahead around the globe in January as economies pull out of deep recessions but a widening divergence in the euro zone will worry policymakers, data showed on Monday. China's vast manufacturing industry expanded at a near record pace, Britain saw activity grow at its fastest rate in 15 years, India
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Britain's top share index was flat at midday on Monday as gains in financial stocks and utilities was countered by falls in commodity issues, weighed down by fresh fears China could tighten its monetary policy. By 1206 GMT, the FTSE 100 was down 3.47 points at 5,185.05, consolidating after gains of 0.8 percent on Friday.
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Stock index futures rose on Monday after closing their worst month in nearly a year and as investors digested President Barack Obama's budget plans and awaited earnings from Exxon Mobil Corp (XOM.N). The president unveiled a budget that projected the 2010 deficit soaring to a post World War Two high of $1.56 trillion, or 10.6
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World shares sank to a three-month low on Monday as concerns about Greece's debts and a reminder of the challenges China faces to curb inflation stung risk demand, helping push the dollar to a six-month high versus a currency basket. The MSCI world equity index fell to its weakest level since early November, as investors
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European equities fell in morning trading on Monday, as weaker oil stocks on concerns over Chinese demand for energy overshadowed rebounds in banking and mining shares. By 0945 GMT, the pan-European FTSEurofirst 300 index was down 0.3 percent at 1,008.34 points after gaining 1 percent on Friday. In January, the index suffered its worst monthly
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Britain's top share index was flat in early trade on Monday as commodities came under pressure again on heightened concerns China would further tighten monetary policy, outpacing gains in utilities. By 0911 GMT, the FTSE 100 was down 1.25 points at 5,187.27, consolidating after gains of 0.8 percent on Friday. Commodity issues retreated as the
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British mortgage approvals unexpectedly fell in December, the first drop since November 2008, suggesting the last year's rebound in the housing market may be petering out, though there was a surprise increase in consumer lending, Bank of England figures showed on Monday. The BoE said mortgage approvals numbered 59,023 in December, down from 60,045 in
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Toyota Motor Corp will announce on Monday details of its plan to fix accelerator pedals that have led to the recall of 2.4 million cars in the United States as it scrambles to put its worst public relations crisis behind it. Toyota Motor Sales U.S.A., its local sales company, said it would issue a news
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Booming demand for new, cheaper smartphones helped fuel a recovery in the overall handset market late last year, but rivalry for a piece of this lucrative business will turn fierce in 2010 as many new vendors enter the market. "The smartphone market will become ultra-competitive in 2010," said analyst Neil Mawston from research firm Strategy
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Asian stocks fell to three-month lows on Monday with investors cautious after new data strengthened the case for tighter Chinese monetary policy and as attention focused on key U.S. economic reports due this week. European shares were also expected to retreat by as much as 1.2 percent amid lingering worries about Greece and other weak
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