The global financial crisis will be the focal point of the discussions among the Finance Ministers from the Commonwealth countries who will meet in the southern coastal town of Limassol, between 30 September to 2 October 2009. According to a press release issued by the Commonwealth Secretariat, at the Commonwealth Finance Ministers Meeting (CFMM), Ministers
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Britain's leading share index was 0.4 percent weaker in mid-session trade on Tuesday, with weakness in commodity stocks outweighing gains in financials as investors booked profit after recent gains. By 1146 GMT the FTSE 100 was 20.91 points lower at 5144.79, after closing 83.50 points higher on Monday at 5,165.70. However the FTSE was still
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European shares dipped on Tuesday after the previous session's sharp gains, dragged lower by commodity stocks, but financials offered support after BNP Paribas raised capital to shake off government influence. Financials were standout gainers, with BNP Paribas up 2.6 percent as investors welcomed its move to launch a 4.3 billion euros ($6.3 billion) capital increase
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Stock futures were down on Tuesday morning, indicating a weaker start for Wall Street. The futures for Dow, the S&P 500 and the Nasdaq were down 0.1 to 0.3 percent by 4:20 a.m. EDT. The U.S. S&P/Case-Shiller home price index for July is due at 9 a.m. EDT. Economists in a Reuters survey expected prices
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Britain's economy shrank less than previously estimated in the second quarter of this year, due to better than expected construction industry performance, the Office for National Statistics said on Tuesday. It said GDP shrank by 0.6 percent in the quarter, up from a previous estimate for a decline of 0.7 percent. On the year, GDP
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European equities drifted lower in early trading on Tuesday after sharp gains in the previous session, with weaker commodity shares offsetting gains made by financial stocks, which were supported by BNP Paribas. At 0808 GMT, the FTSEurofirst 300 index of top European shares was 0.2 percent lower at 999.76 points after rising 1.8 percent in
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British mortgage approvals for house purchase held broadly steady in August, Bank of England figures showed on Tuesday, while consumers paid down unsecured debt at the fastest rate since records began in 1993. Mortgage approvals, a lead indicator of housing demand, slipped fractionally to 52,317 last month, broadly in line with expectations, from an upwardly
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BNP Paribas, France's biggest bank by market capitalization, on Tuesday joined the rush to pay back governments for their financial support during the credit crisis. The bank launched a capital increase for 4.3 billion euros ($6.30 billion) as part of its move to reimburse the French state early on its 5.1 billion euros capital advance.
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Apple Inc said on Monday that downloads from its iTunes applications store had passed 2 billion and that it now has more than 85,000 apps available for the iPhone and iPod Touch. It did not say how many of the applications delivered were sold and how many were free. The store has inspired rival stores
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Dell Inc on Monday unveiled its latest high-end, ultra-thin personal computer, bringing some fresh design appeal to its enterprise models. Dell called the new Latitude Z the world's thinnest and lightest 16-inch laptop, at 4.5 pounds and less than one inch thick. However, the Latitude Z does not come cheap, starting at $1,999. Dell, the
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