Asian shares followed Wall Street lower on Tuesday with resources stocks under pressure as the price of oil stayed below $79 and with investors growing increasingly worried about the recovery of the world economy. Japan's Nikkei index was down 1.3 percent with shares in Mitsubishi skidding 4.3 percent as trading houses were hurt by lower
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U.S. stocks rose on Monday as energy shares climbed along with the price of oil, and Microsoft Corp boosted the tech sector after several brokerages raised their price targets on the company. Dow components Exxon Mobil Corp (XOM.N) and Chevron Corp, (CVX.N) both expected to report results later in the week, rose 1.5 percent and
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A Chinese report saying Beijing should increase its holdings of euros and yen in its foreign reserves knocked the already battered dollar on Monday while global stocks struggled to overcome last week's weakness. Wall Street looked set for small gains at the open. Euro zone government bonds hit a one-month low. The dollar fell to
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European shares were little changed on Monday as a rise in pharma stocks offset weaker insurers, which were dragged down by ING, which fell after announcing its plan to split the company. Investors' appetite for risky assets such as equities diminished, with the VDAX-NEW volatility index rising 4 percent. The higher the index, which is
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Britain's top shares edged up 0.2 percent by midday on Monday as energy firms and drugmakers gained ahead of third-quarter earnings this week, outpacing a decline in banks and life insurers. At 1150 GMT, the FTSE 100 was up 10.90 points at 5,253.47 points. Gains were exaggerated by thin volumes, with the index trading at
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U.S. stock index futures pointed to a modestly higher open on Monday after a selloff in the previous session as investors looked to a busy week of economic data, while the U.S. dollar fell to a 14-month low. Verizon Communications Inc (VZ.N) gained 1.7 percent to $29.35 before the opening bell after it reported third-quarter
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The European Green Party has urged Cyprus President Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat to ''continue uninterrupted the difficult second phase of direct negotiations, aiming at a comprehensive agreed settlement as soon as possible, which will be viable and long lasting, reunite the country and people of Cyprus, demilitarise the island and
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Nicosia, the capital of Cyprus, will host the 49th Conference – General Assembly of the Union of Capitals of the European Union (UCEU), from 29 to 31 October. Speaking at a press conference today at the Town hall, Mayor of Nicosia Eleni Mavrou said that this year’s annual UCEU meeting is taking place in the
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Major UK banks have agreed to implement a new code for financial reporting aimed at addressing questions on disclosure raised in the aftermath of the credit crisis, the country's Financial Services Authority said. The FSA said the code formed part of proposals designed to "enhance investors' confidence" in financial reporting and to help them "compare
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Britain's leading share index was up 0.1 percent in early deals on Monday, just extending gains set on Friday, thanks to strength in heavyweight oils and miners as commodity prices rose, while drug issues also found support. By 0853 GMT, the FTSE 100 index was 6.16 points higher at 5,248.73, having closed up 35.21 points
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