Cyprus has endorsed efforts by the EU Presidency and the European Commission for the better coordination and effectiveness of the EU member states to tackle H1N1 flu. In an intervention during an extraordinary meeting of the EU Health Ministers Council held in Luxembourg, Acting Permanent Secretary of the Ministry of Health Stella Kanna Michaelidou said
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U.S. stock index futures pointed to a slightly lower opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.13 percent, Dow Jones futures down 0.11 percent and Nasdaq 100 futures down 0.06 percent at 4.30 a.m. EDT. Investors awaited quarterly results from Intel Corp (INTC.O) and Johnson & Johnson (JNJ.N), both
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Britain's leading shares were 0.3 percent lower early on Tuesday, retreating from a 12-month high set the previous session with investors staying on the sidelines ahead of UK inflation data and upcoming U.S. corporate earnings. By 0757 GMT, the FTSE 100 index was 16.63 points lower at 5,193.54, having gained 48.30 points, or 0.9 percent
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Oil rose for the fourth straight session on Tuesday, edging above $73 a barrel on the back of rising optimism about the pace of global economic recovery and weakness in the dollar. U.S. crude for November delivery rose 31 cents to $73.58 by 0809 GMT, after settling at a seven-week high of $73.27 on Monday.
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European shares fell in early trade on Tuesday, with banks giving up some recent gains, and as investors awaited more third-quarter results. At 0833 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 percent at 1,001.16 points. On Monday, it rose 0.7 percent to its highest close since Sept. 23, boosted by
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. In a Special Comment published Tuesday, Moody's Investors Service examined the wide-ranging weaknesses that many banks have displayed in managing their risks and that the global financial crisis has exposed. As part of its rating assessments, Moody's is placing even greater emphasis on its dialogue with banks on how risk information influences the decision-making
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The outlook for EMEA electric and gas utilities is stable, as sector-wide rating changes are unlikely, even though operating conditions remain tough and will require many companies to continue to moderate expenditure to adjust to still low demand, Moody's Investors Service said in a new report. "Despite the ongoing difficult operating conditions for many companies,
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Asian stocks edged up to a 14-month high, while the U.S. dollar steadied on Tuesday, with some investors taking bets that third-quarter U.S. corporate earnings, expected to shrink for the ninth quarter, will be good enough to keep a rally going. Oil prices slipped below $73 a barrel after settling at a seven-week high on
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Russia and China looked to steady their close but increasingly imbalanced relationship on Tuesday when visiting Russian Prime Minister Vladimir Putin ushered through trade deals said to be worth $3.5 billion. Putin's talks in Beijing with Chinese Premier Wen Jiabao are also likely to cover the international hotspots on which both governments share many views,
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Stock futures pointed to a higher open on Monday as a softer dollar helped boost commodity prices and, potentially, earnings of export oriented U.S. companies. In a possible sign of healthier capital markets, private equity firm Blackstone Group (BX.N) is planning to list up to eight of its portfolio companies, according to a source who
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