US Stock index futures pointed to a slightly higher open on Wall Street on Monday, mirroring gains in Asia and Europe, on mounting optimism over a recovery in corporate profits that has fueled a sharp two-week rally on stock markets worldwide. At 5 a.m. ET, futures for the S&P 500, for the Dow Jones and
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World stocks rose to 9-month highs and the euro hit a 7-week high versus the dollar on Monday as a recent run of strong corporate earnings and anticipation of more boosted optimism for a global economic recovery. Tokyo's stock market posted its longest winning streak in 21 years while emerging Asian stocks hit a 10-month
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European share prices resumed their upward march on Monday after retreating in the previous session following nine straight days of gains, with soothing earnings results boosting sentiment and helping banks and energy shares. The FTSEurofirst 300 index of top European shares was up 0.8 percent at 914.53 points at 1111 GMT after touching 915.75, its
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Minister of the Interior Neoclis Sylikiotis assures that ''property investment is much safer in Cyprus than anywhere else'' and notes that, ''despite the global financial crisis and the collapse of the property market all around the world, and in much of Europe, the estate market in Cyprus is quite healthy and still in positive growth
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Finance Minister Charilaos Stavrakis has urged commercial banks to lower their interest rates on loans yet again to help relieve Cypriots during the economic crisis. In statements on Sunday, the Minister also said there was no personal disagreement with Central Bank Governor Athanasios Orphanides but rather a difference of opinions. “There should always be dialogue
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Oil rose for a third session on Monday to hit the highest in more than three weeks near $69 a barrel as stock markets gained on hopes of an economic recovery that would boost fuel demand. European stocks advanced following gains in Asia, where equities rose for the ninth day in 10 as investors focused
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Irish airline Ryanair (RYA.I) on Monday posted a better-than-expected 550 percent rise in first quarter profit thanks to a large reduction in fuel costs but said its outlook remained cautious for the rest of the year. Ryanair, one of the world's biggest airlines by market value, said net profit for the three months to June
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The U.S. jobless rate is likely to stay high even once the nation exits recession some time in the next few months, Federal Reserve Chairman Ben Bernanke said on Sunday. Taping a "Bernanke on the Record" special that will air on PBS this week, the top U.S. monetary policy-maker defended the aggressive, even unorthodox actions
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Bank of Cyprus announced a new five year shareholder agreement with George Piskov and Gagik Zakaryan, Chairman and President of Russian Uniastrum Bank respectively, thereby showing clearly the Bank’s confidence in Messrs Piskov and Zakaryan and their experience and proven management capability in periods of expansion and economic growth as well as in periods of
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World stocks raced to fresh nine-month highs and oil rallied on Monday as a recent run of strong corporate earnings and anticipation for more boosted optimism for a recovery in the global economy. Tokyo stocks posted its longest winning streak in 21 years while emerging Asian stocks hit a 10-month high, following strong gains in
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