Executive Director of FRONTEX Ilkka Laitinen will pay an official visit to Cyprus on August 5 and 6, accompanied by associates, during which he will hold a series of meetings, focusing on illegal immigration and measures to tackle the problem. The FRONTEX delegation will meet the Permanent Secretary of the Ministry of Foreign Affairs, the
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Oil rose to a one-month high to top $71 a barrel on Monday as positive Chinese economic data and firmer equities bolstered hopes of economic recovery and higher energy demand. U.S. crude added $1.80 to $71.25 a barrel by 1128 GMT, having hit an intra-day high of $71.30, the highest since July 1 according to
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China's factory output surged for a fourth month in July, data showed on Monday, while two of Britain's biggest banks emerged from a year of financial turmoil in profit but damaged by bad debts of a combined $21 billion. British manufacturing activity grew for the first time since March 2008, adding to evidence that the
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Britain's blue chip shares hit a new high for the year in midday trade on Monday, as gains in Barclays and HSBC led a rally in the banking sector, while rising commodity prices pushed miners and oil majors higher. By 1059 GMT the FTSE 100 was up 1.5 percent or 69.32 points at 4,677.68, easing
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European shares hit a nine-month high on Monday as financials advanced after earnings results from Europe's biggest bank HSBC while commodity shares tracked stronger crude and metals prices. At 1110 GMT, the FTSEurofirst 300 index of top European shares was 1.6 percent higher at 943.14 points after touching 944.71, the highest level since early November.
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Barclays Plc fell short of expectations with an 8 percent rise in half-year profit as bad debts at Britain's second biggest bank almost doubled to offset buoyant earnings from its enlarged investment bank. Impairments and credit provisions on loans that have soured jumped 86 percent to 4.56 billion pounds for the half year. There have been
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Shares in UBS (UBSN.VX) are expected to rise on Monday after reports the bank would not have to pay a fine as part of the settlement of a tax dispute with the United States that is to be finalized later this week. The U.S. government and UBS struck a deal in principle on Friday to
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HSBC Holdings Plc, Europe's biggest bank, said its first-half profit halved from a year ago to $5 billion as it was hit by rising bad debts in the United States, Europe and Asia. HSBC on Monday reported a pretax profit for the six months to the end of June of $5.02 billion, down from $10.2
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Stock index futures pointed to a higher open on Wall Street on Monday, tracking gains in Asia and Europe on mounting hopes that the global recession is abating. * At 4:23 a.m. EDT, futures for the S&P 500 were up 0.7 percent, Dow Jones futures were up 0.6 percent and Nasdaq 100 futures were up
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Britain's leading share index advanced 1.3 percent in early trade on Monday in a charge led by banks, following results from HSBC and Barclays, and supported by miners and oil stocks. At 0858 GMT, the FTSE 100 was 60.09 points higher at 4,668.45. The index closed down 23.25 points on Friday at 4,608.36, but still
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