European stocks rose in early trade on Wednesday, adding to the previous session's gains and led by banks such as BNP Paribas and UniCredit, ahead of the U.S. Federal Reserve's rate decision. Miners also rose, with Rio Tinto up 1.6 percent and Xstrata up 2.2 percent, despite lower metal prices, as the dollar hit a
More
British housebuilders Barratt and Redrow turned to investors for fresh funds on Wednesday, hoping to repair weak balance sheets and have some money left over to exploit subdued property prices by snapping up land. Launching steeply discounted rights issues, both companies stressed they needed to reduce debt and bolster their financial positions after suffering big
More
Bank of England policymakers voted unanimously to keep their asset purchase programme at 175 billion pounds in September, but those who had wanted more in August still felt they had a case, their minutes showed on Wednesday. All nine policymakers also voted to hold interest rates at 0.5 percent and did not think there had
More
Twitter has no plans to put advertisements on the popular microblogging site this year, co-founder Biz Stone said on Tuesday, amid a growing push for the 2-year-old Internet sensation to begin making money. Stone, who said Twitter was "pretty good right now" with regards to funding, stressed the company's immediate focus was on building out
More
Dubbed the "steel city" for its industrial history, Pittsburgh will live up to its name for a different reason when world leaders meet amid heavy security on Thursday and Friday for the Group of 20 (G20) summit. Thousands of additional police have been brought in to the western Pennsylvania city and tall steel fencing is
More
Greece and Poland emerged as the biggest beneficiaries of the European Union's budget last year while Germany was the main paymaster, a report from the bloc's executive arm showed on Tuesday. It said Greece received 6.3 billion euros ($9.2 billion) — or 2.7 percent of its economic output — more from the EU than it
More
The dollar slid to a 13-month low against a basket of currencies as market players seized on surprisingly strong New Zealand economic growth data as a reason to push the kiwi dollar higher and dump the U.S. currency. Even as many commodity prices dipped, the dollar's drop has boosted oil and metals and lifted resource-related
More
European stocks inched higher in early trade on Wednesday, led by banks such as HSBC and UBS ahead of the U.S. Federal Reserve's rate decision. At 0708 GMT, the FTSEurofirst 300 index of top European shares was up 0.06 percent at 1,004.99 points. "There is no clear trend at the moment, no big buy or
More
Fund managers and economists who track Germany rank tax cuts and banking sector reform as joint top of their wish list of issues for the next government to tackle, a Reuters poll showed on Tuesday. The respondents said a coalition of Chancellor Angela Merkel's conservatives and the business-friendly Free Democrats (FDP) would be best for
More
World leaders meeting this week are expected to renew pledges to resist protectionism and finish long-running world trade talks but they have already damaged their credibility on both fronts. President Barack Obama hosts the Group of 20 leaders in Pittsburgh barely two weeks after slapping a tariff on tire imports from China, a move Beijing
More