Oil prices fell on Tuesday to around $79 a barrel as a late-season hurricane subsided in the Gulf of Mexico and traders awaited key U.S. inventory data. U.S crude for December delivery fell 27 cents to $79.16 a barrel by 1032 GMT, after settling up $2 on Monday. London Brent crude was down 23 cents
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On the basis of preliminary estimates for foreign trade in September 2009, total imports/ arrivals reached EUR 481.2 mln, of which EUR 328.0 mln were arrivals from other member states of the EU and EUR 153.2 mln imports from third countries. Total exports/dispatches amounted to EUR 71.8 mln, of which EUR 42.4 mln were dispatches
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Cyprus building permits showed volatility in August, reflecting perhaps both a quiet summer month and the uncertainty of the sector’s future direction. The number of building permits authorised by the municipal authorities and the district administration offices fell by 28.6% year on year to 578 in August, having risen for three months in a row
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A surge in car imports in September pushed Britain's goods trade deficit to its widest since January, surprising analysts who had expected the weakness in the pound to boost exports and narrow the shortfall. The Office for National Statistics said on Tuesday that Britain's goods trade gap widened to 7.194 billion pounds in September from
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European shares rose for a fifth straight session on Tuesday as banks gained after HSBC said loan impairment allowances for its U.S. consumer finance business fell in the third quarter, the first fall since 2006. At 0946 GMT the FTSEurofirst 300 index of top European shares was up 0.1 percent at 1,012.66 points after touching
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Top forecasters are growing more confident the U.S. economy has embarked on a sustainable recovery, a survey released on Tuesday showed. The Blue Chip Economic Indicators newsletter for November found forecasters had raised their 2010 projections for gross domestic product for a fourth straight month. However, they still expect the pace of growth to fall
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World stocks ticked higher on Tuesday as positive reports from UK banks kept the momentum with investors who chased risky assets in anticipation countries would keep monetary policy accommodative. Sterling fell broadly after a warning on Britain's triple-A credit rating while the dollar held near a 15-month low as investors bought higher-yielding currencies. HSBC shares
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A broad U.S. stocks rally sent the Dow industrials to a 13-month high on Monday, after the Group of 20 pledged to keep aid flowing to the world economy, strengthening investors' desire for risk. The agreement by G20 finance ministers and central bankers over the weekend to keep stimulus in place boosted global stocks on
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Gains in HSBC after strong third-quarter results outweighed weakness in Vodafone as its results disappointed, pushing Britain's FTSE 100 up for the fifth straight session on Tuesday. By 0914 GMT, Britain's top share index was 27.0 points or 0.5 percent higher at 5,262.18, hitting its highest in two weeks after it gained 1.8 percent the
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The dollar edged up on Tuesday, reversing some of its recent losses but staying close to a 15-month low against a currency basket, while sterling fell sharply after a warning on the UK from ratings agency Fitch. Fitch Ratings said that of the four major economies with AAA status, the UK was the most at
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