The U.S. dollar struck a 14-month low against the euro on Wednesday, sending gold to record prices and pushing oil past the 2009 high of $75 a barrel and on track for a fifth day of gains. Buoyant commodity prices supported Australian stocks, while Asian stocks traded outside Japan rose to the highest since early
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Stock futures rose slightly on Tuesday as investors awaited earning reports from Johnson & Johnson and Intel Corp. The S&P 500 index closed out six straight days of gains on Monday and hit a new closing high for the year, helped by optimism that many companies in the index would beat earnings forecasts. J&J, the
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European shares were lower at midday on Tuesday, dragged down by financials ahead of earnings news from major U.S. banks and after prominent sector analyst Meredith Whitney downgraded her rating on Goldman Sachs. By 1042 GMT, the pan-European FTSEurofirst 300 index of top shares was down 0.4 percent at 1,001.85 points. The benchmark index is
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Britain's top shares closed 1.1 percent lower on Tuesday, as weakness in banks outweighed strength in defensive issues, while sentiment was dampened by falls on Wall Street after disappointing corporate earnings. The benchmark FTSE 100 closed 56.02 points lower at 5,154.15, slipping below the 5,200 level which it hit for the first time in more
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The new Larnaka International Airport will give the island’s economy a new impetus, amidst the economic crisis and will significantly help the economic and tourist development in general, Androulla Christodoulou, head of Services of Civil Aviation at Larnaka International Airport told CNA. In an interview ahead of the opening of the new airport, the opening
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The care and conditions for people living with HIV/AIDS in Cyprus need to improve, said the Euro HIV Index (EHIVI) 2009 which was presented on Tuesday in Brussels. This first survey of HIV policy and best practice ranked Cyprus 26th out of 29 countries, scoring 627 points from a potential 1,000. Luxembourg wins the ranking
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British inflation fell to its lowest level in five years last month and seperate surveys showed the Bank of England's stimulus helped to reverse a house price decline and buoy retail sales, pushing the economy closer to recovery. The British Retail Consortium said retail sales rose in September at their fastest annual rate in 5
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German analyst and investor sentiment surprised by falling for the first time in three months in October, hitting its lowest level since July and suggesting Europe's largest economy would recover only gradually. The Mannheim-based ZEW economic think tank said on Tuesday its monthly poll of economic sentiment fell to 56.0 from 57.7 in September, pushing
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Internal candidates to be the next chief executive of Marks & Spencer Plc will get a chance to shine on Tuesday when they present at the British retailer's first "investor day" for a decade. Institutional shareholders and analysts will get to assess presentations by finance and operations director Ian Dyson, head of food John Dixon
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Gold hit a record $1,065.25 an ounce in Europe on Tuesday as the dollar fell to day lows versus the euro, fuelling interest in bullion as an alternative asset. A rise in oil prices to nearly $74 a barrel and a recovery in physical demand for gold after a sluggish year for the jewellery market
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