Rebel soldiers attacked Guinea's junta leader Captain Moussa Dadis Camara on Thursday but he survived the attempt, his communication minister said, calling the incident an insurrection against the military leadership. Witnesses said gunshots rang out across the capital Conakry in the worst unrest in Guinea, the world's top exporter of the aluminium ore bauxite, since
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Japan's Nikkei stock average closed above 10,000 on Friday for the first time in five weeks and rose 10.4 percent on the week, its biggest weekly gain in over a year, with exporters such as Canon Inc rising. But Takefuji Corp fell 9.4 percent on news it had slashed lending to save cash after credit
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President Nicolas Sarkozy has fuelled tension with Britain by hailing a Frenchman's nomination to a post overseeing a European banking shake-up as a victory over London, but his boasting could backfire on Paris. Former Foreign Minister Michel Barnier was named as the European Union's internal market commissioner last week, putting him in charge of a
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According to provisional estimates, the turnover volume index of retail trade (excluding automotive fuel) in Cyprus reached 117.7 in September, recording a decrease of 6.6% compared with September 2008 and 1.4% compared with August 2009. This was a steeper fall than in August, when the index fell by 3.5% compared with August 2008 and 11.3%
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The rise in unemployment in Cyprus showed no signs of abating in November, as the number of registered unemployed climbed by 73% compared with November 2008, having risen by 72.9% compared with the year earlier in October. The absolute rise was by 8,819 persons to 20,892, from 12,073 in November 2008. On a seasonally adjusted
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Cyprus moved decisively out of deflation in November as prices rose by 1.36% over the same period of the previous year, having fallen for four months in a row previously. Prices had fallen compared with the same month of the previous year by 0.80% in October, 1.23% in September, 0.99% in August and 0.80% in
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U.S. crude rose on Thursday as fund activity helped the market to recover from a sell-off the previous session, but oversupply curbed gains. NYMEX crude for January delivery rose 69 cents to $77.29 a barrel by 1333 GMT, after settling down $1.77 at $76.60 on Wednesday. Brent crude rose 92 cents to $78.80 per barrel
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European stocks were slightly firmer on Thursday as the European Central Bank kept its main interest rate unchanged as expected and news from Bank of America pushed banking stocks higher. At 1251 GMT, the FTSEurofirst 300 index of top European shares was up 0.3 percent at 1,019.07 points. The European benchmark is up 58 percent
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U.S. stock index futures rose on Thursday after Bank of America Corp said it would repay $45 billion in taxpayer bailout funds. Bank of America (BAC.N) shares rose 4.2 percent to $16.30 in premarket trade after the surprise announcement on Wednesday, which marks a victory for outgoing Chief Executive Kenneth Lewis and could free the
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What about the bounce-back? It was probably not the best timing to announce a request for debt rescheduling by Dubai World, just on the eve of the markets’ closing for 4 days for the Eid Middle East weekend. But the world’s financial markets seem to have taken the hit in their stride so far. The
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