European shares climbed on Thursday, led by financials and miners, after data showed the U.S. economy grew in the third quarter for the first time in a year, unofficially ending the worst recession in 70 years. In its first estimate of third-quarter gross domestic product, the Commerce Department said the economy grew at a 3.5
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Lloyds Banking Group Plc inched closer to plugging a capital gap of more than 20 billion pounds ($33 billion), boosting the British bank's shares on prospects a deal could happen before the year end. The country's biggest retail bank said on Thursday it was looking to raise capital through a rights issue and a debt
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World stocks recovered from three-week lows on Thursday after U.S. gross domestic product data showed the world's biggest economy emerged from recession in the third quarter at a slightly faster pace than expected. The data, showing annualised growth of 3.5 percent in Q3 compared with a forecast for 3.3 percent, reassured investors who had feared
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The U.S. economy grew in the third quarter for the first time in a year as consumer spending and investment in new home-building rebounded, data showed on Thursday, unofficially ending the worst recession in 70 years. The Commerce Department, in its first estimate of third-quarter gross domestic product, said the economy grew at a 3.5
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Oil rose towards $78 on Thursday as the United States, the world's biggest energy consumer, was expected to return to economic growth, but gains were limited by the weakness of fuel demand in the near term. U.S. crude oil futures rose 19 cents to $77.65 a barrel by 1214 GMT. London Brent crude rose 26
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The Ministry of Finance has welcomed the approval on behalf of the Russian government of the signature to the ''Protocol to the Agreement for the Avoidance of Double Taxation Regarding the Taxes on Income and Capital between the Government of the Republic of Cyprus and the Government of the Russian Federation''. According to a press
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The Cyprus issue and Greco-Turkish relations were the focus of a meeting held in Stockholm between Greek Prime Minister George Papandreou and Foreign Minister of Sweden, Karl Bildt, whose country holds the EU rotating presidency until the end of December. Papandreou, who was accompanied by Deputy Foreign Minister Demetris Droutsas, also discussed EU issues, ahead
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President of the Republic of Cyprus Demetris Christofias has sent messages of congratulations to President of the Hellenic Republic Carolos Papoulias and Greek Prime Minister George Papandreou, on the occasion of the anniversary of 28 October 1940, when the people of Greece said ''No'' to Mussolini’s request to allow Italian troops to enter Greece. In
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British mortgage approvals for house purchases rose faster than expected in September to their highest in 18 months, but consumers continued to cut back on unsecured borrowing for a third consecutive month. The Bank of England will decide whether to extend its quantitative easing policy next week, and alongside the mixed lending data it will
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Britain's top share index shed 0.2 percent in early deals on Thursday, extending a slide from the previous session with weakness in oils and caution ahead of U.S GDP numbers countering a recovery in banks. At 0913 GMT, the FTSE 100 index was 10.25 points lower at 5,070.07, having closed down 120.55 points at 5,080.42
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