World stocks and commodity prices rose on Thursday after China's central bank reaffirmed its commitment to "appropriately loose" monetary policy and European company earnings cheered investors. The dollar and government bonds fell. Worries that the People's Bank of China might be prepared to tighten lending had spooked investors who had banked on continuing loose monetary

British telecoms group BT posted a better-than-expected 3 percent fall in first-quarter adjusted core earnings and said it had made a good start to its cost cutting programme, sending its shares soaring. BT announced a restructuring with new spending and cost saving targets at its year-end results in May after two profit warnings at the

Britain's top share index gained 0.5 percent in early deals on Thursday fueled by strength in miners and energy issues after results from Royal Dutch Shell, with investors digesting a slew of blue chip numbers. By 0759 GMT, the FTSE 100 was 21.80 points firmer at 4,569.33 having closed 18.69 points or 0.4 percent higher

World stocks and commodity prices rose on Thursday after China's central bank reaffirmed loose monetary policy and European corporate earnings cheered investors, while the dollar and government bond prices fell. The People's Bank of China pledged to maintain loose monetary policy and use market tools, not quota-style controls, to ensure sustainable credit growth that will

A Mac security expert has uncovered a technique that hackers could use to take control of Apple Inc computers and steal data that is scrambled to protect it from identity thieves. Prominent Mac researcher Dino Dai Zovi disclosed the software flaw at the Black Hat security conference in Las Vegas, one of the world's top

European shares rose on Thursday, boosted by telecom stocks after results from France Telecom and BT and offsetting a negative reaction to results from Siemens and BASF. By 0810 GMT the pan-European FTSEurofirst 300 index of top shares was 0.5 percent higher at 915.16 points. The European benchmark index fell 45 percent in 2008, but

Airlines carried 16.5 percent less cargo and 7.2 percent fewer people in June than in the same month a year ago, with no sign yet of the global recession lifting, an industry body said on Thursday. In its latest monthly reading of cross-border traffic, the International Air Transport Association said it could take years for

Four out of five Europeans say that they consider the environmental impact of the products they buy reveals a Eurobarometer survey published today. Environmental consideration was highest in Greece where more than 9 in 10 of those surveyed said the impact of a product on the environment plays an important aspect in their purchasing decisions.