European shares rose in afternoon trade on Tuesday, tracking a stronger Wall Street, with gains in defensive drugmakers offsetting some weakness in autos as investors await the next batch of U.S. corporate results. By 1517 GMT the pan-European FTSEurofirst 300 was up 0.8 percent at 1,068.55 points, recouping some losses from earlier in the session
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U.S. stocks rose on Tuesday and healthcare shares gained as a Massachusetts election for the U.S. Senate put President Barack Obama's healthcare reform in jeopardy. The S&P Healthcare Index (.GSPA) climbed 1.8 percent, led by Humana Inc (HUM.N), which jumped 6.7 percent to $51.75, as voters headed to the polls to determine who will replace
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Britain's inflation accelerated in December at a record pace, prompting worries that interest rates might rise sooner than expected, though the surge was largely due to an unflattering comparison with a year earlier. The jump left markets keenly eyeing a speech due later from central bank governor Mervyn King for signs of the impact on
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Citigroup Inc posted a $7.6 billion quarterly loss on costs related to TARP repayment and still high loan losses, but the bank's shares edged higher as some investors saw glimmers of hope. The bank's losses on consumer and corporate loans fell compared with the third quarter, reassuring investors that credit costs may be stabilizing. "They've
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Kraft Foods (KFT.N) agreed a deal to buy Cadbury (CBRY.L) for around 11.9 billion pounds ($19.6 billion), creating the world's top confectioner after frantic last-minute talks broke an impasse over price. Kraft's CEO Irene Rosenfeld had to inject more cash into her bid and drop the number of new Kraft shares in the offer to
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Japan Airlines Corp filed for bankruptcy protection on Tuesday owing more than $25 billion, and vowed to slash 15,700 jobs and unprofitable routes as it tries to survive volatile fuel costs and fickle flyers. JAL, Asia's largest airline by revenues and an ambassador for Japan across the world, will remain in the skies thanks to
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Google has postponed the launch of two mobile phones in China which use its Android platform, in the first sign its business in the country is starting to be affected by a dispute over hacking and censorship. The manufacturers of the telephone, which was scheduled for launch in China on Wednesday, are Motorola and Samsung
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Apple Inc will host a special event on January 27 where it is widely expected to unveil its tablet computer, as the company looks to extend its hot hand into a brand new product category. The event next week is shaping up as Apple's most eagerly anticipated product launch since the iPhone three years ago.
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Around 16% of Cypriots have had in 2008 an income, which, after social transfers, was below the poverty threshold as defined by the European Union. According to data issued by Eurostat, the higher risk of poverty in Cyprus is among elderly, since in 2008, the at-risk-of-poverty rate for those aged 65 years and over was
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EU President Herman van Rompuy will visit Cyprus as part of his tour to the capitals of EU countries where he will meet with leaders of EU member states to prepare the informal European Council Summit, on February 11. Rompuy will arrive in Cyprus on January 21 and will have a working lunch with President
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