Growing optimism about the global economy following robust Chinese trade data lifted Britain's top share index to a 16-month high on Monday, as miners and energy stocks climbed on the back of firmer raw material prices. By 0903 GMT Britain's FTSE 100 was up 61.61 points at 5,595.85, having touched its highest level since September
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Federal Reserve monetary policy is unlikely to pushed off course by December's surprising job losses, a senior Fed official said on Monday. St. Louis Federal Reserve Bank President James Bullard told reporters after a speech at the Global Interdependence Center the December jobs report showing 85,000 jobs were shed and unemployment steady at 10 percent
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Chinese bank lending surged in the first week of 2010, a state newspaper reported on Monday, adding to the concerns fueled by blockbuster trade data for December that the world's third-largest economy is overheating. Despite the indications of gathering economic momentum, Finance Minister Xie Xuren said China would stick to its pro-growth fiscal stance, warning
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Large flat-screen TVs were all the rage at the Consumer Electronics Show, but companies like Microvision Inc are putting their bets on image viewing of a much smaller scale: projections from devices as tiny as cellphones. While commercial products with so-called pico projectors are still relatively rare, Microvision and rivals such as Texas Instruments Inc
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LG Electronics Inc, the world's No. 2 TV brand, said on Sunday it aimed to increase its global market share in LCD TVs to 15 percent this year from 11 percent last year by boosting unit sales by 54 percent. South Korea-based LG confirmed its 2010 sales target for liquid crystal display (LCD) TVs at
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Google Inc executive Andy Rubin said on Friday that the next version of the Nexus One phone, which was made by HTC Corp, will be for enterprise users and might have a physical keyboard. Such a device could potentially pose a competitive threat to BlackBerry maker Research In Motion, which has a strong position in
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Asian stocks hit a 17-month high on Monday as a strong rebound in China's exports raised investor optimism about Asia's economies while the dollar suffered its biggest loss in six weeks after poor U.S. jobs data. European shares were expected to gain, financial spreadbetters said, as the dollar's weakness pushed the euro to a three-week
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LONDON – Most banks have increased basic salaries and cut bonuses for executives in response to calls for leaner compensation packages after the financial crisis, according to a survey by consultancy Mercer. Four fifths of respondents in a survey of 61 banks and other financial services firms said they had made or plan to make
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The U.S. shed far more jobs than expected in December, signalling a bumpy economic recovery and sending the dollar and raw material prices lower. Safe-haven government bonds, which had been weighed down by hopes of recovery, rose however, along with gold prices. Stocks were mixed, with the U.S. stock index futures down 0.1-0.4 percent and
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European shares were flat in early afternoon trade on Friday, shedding modest gains after U.S. employers were unexpectedly shown to have cut 85,000 jobs in December, knocking hopes of a stronger, faster recovery. At 1411 GMT, the FTSEurofirst 300 index of top European shares was flat at 1,060.41 points. Immediately before the data, it had
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