U.S. stocks were set for a higher open on Monday as more merger and acquisition activity and the last days of the third quarter encouraged investors following three sessions of losses. Xerox Corp (XRX.N) will buy Affiliated Computer Services Inc (ACS.N) for $6.4 billion in a cash and stock deal that expands the copier company
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G20 leaders promised last week to rebalance world growth, and upcoming data will show that it is already happening, although not for the reasons they want. While the world's economic leaders would prefer the rebalancing come as a result of strengthening economies around the globe, it's primarily due to the weakness of the U.S. rebound.
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Britain's leading share index was up 0.4 percent by midday on Monday, as gains in drugmakers and tobacco firms outweighed weakness in miners and energy firms which came under pressure from falling commodity prices. At 1129 GMT, the FTSE 100 added 19.68 points or 0.4 percent at 5,101.88, after closing marginally higher at 5,082.20 on
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German Chancellor Angela Merkel, whose conservatives on Sunday won enough votes to form a coalition with the pro-business Free Democrats, said on Monday she was committed to cutting tax but refused to say when. "We want to do two steps … these two steps could be in 2011 and 2012, or they could be 2011
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European shares were mostly lower on Monday, falling for a third day as miners suffered from weaker metals prices, although Germany gained after an election result which was regarded by analysts as helpful for business. At 1042 GMT the FTSEurofirst 300 index of top European shares was down 0.3 percent at 981.43 points, having earlier
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The events of the project titled Triptych: Poetry – identity – Coexistence, which is organised within the framework of the European Culture Programme (2007-2013) in 2009 – 2010, are taking place in Nicosia, Paris, Stockholm and Athens. The project is a series of events the core of which is poetry supported by other forms of
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Minister of Communications and Works Nicos Nicolaides expressed confidence on Monday that ''shipping will recover from the current crisis,'' noting that ''the intensity of the shipping crisis is beyond any traditional periodicity and appears to have surprised even the most experienced.'' ''Shipping is by far the most efficient form of transportation and inevitably, when the
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Britain's top share index fell early on Monday, tracking weaker showings in Asia after falls on Wall Street on Friday, with declines by miners and banks countering a rally from pharmaceutical stocks. At 0827 GMT, the FTSE 100 was down 23.34 points, or 0.5 percent, at 5,058.86, having closed up 0.1 percent on Friday. "We've
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Stock futures pointed to a weaker start for Wall Street on Monday. Futures for the Dow, the S&P 500 and the Nasdaq were down 0.2-0.4 percent by 3:58 a.m. EDT. Belgian drugs, chemicals and plastics maker Solvay (SOLB.BR) said it would sell its drugs unit to U.S. partner Abbott Laboratories (ABT.N) for 4.5 billion euros
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The European Commission is expected to propose next month extending anti-dumping duties on imports of Chinese-made shoes for two years instead of the normal five-year period, diplomatic and industry sources said. As part of a compromise to be put forward by the European Union executive to member states on Oct. 22, Vietnamese shoes, children's footwear
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