More gloom on prospects for the global economy sparked by weak U.S. corporate results depressed commodity prices, knocking energy stocks and dragging Britain's top share index to a 10-week low by midday on Friday. By 1028 GMT the FTSE 100 <.FTSE> was down 24.00 points at 4,134.66 after it closed 18.43 points higher on Thursday
More
Europe and Asia showed flickers of economic recovery on Friday with better-than-expected industrial output figures from France and Italy, mirroring numbers from Germany this week and adding to strong data from South Korea and India. Evidence began emerging earlier this year that the world's worst recession since World War Two might be bottoming out, but
More
China may have told world leaders it wants a better, more stable global reserve currency system, but analysts say Beijing is in no rush to dethrone the dollar because it has vast dollar-denominated assets. The issue, aired during meetings of the G8 industrial powers and big emerging economies in L'Aquila, Italy, got no mention in
More
European shares fell on Friday, with oil producers leading the losers following negative statements from Chevron, the second-largest U.S. oil company, that refuelled fears about company earnings. At 0818 GMT, the FTSEurofirst 300 index of top European shares was down 0.1 percent at 822.56 points after gaining 0.8 percent on Thursday. The pan-European index has
More
British factory costs fell in June at their sharpest annual rate since 1997 and output prices slid at their fastest in 7-1/2 years, in a sign inflation will fall sharply in the coming months. The Office for National Statistics said output prices fell 1.2 percent year-on-year, the sharpest drop since December 2001 and more than
More
* U.S. stock index futures pointed to a lower open on Wall Street on Friday, as investors turned cautious after oil major Chevron Corp (CVX.N) warned over its second-quarter earnings. * At 0910 GMT, futures for the S&P 500 were down 0.4 percent, Dow Jones futures were down 0.3 percent and Nasdaq 100 futures were
More
Google Inc Chief Executive Eric Schmidt said there may be announcements later this year about netbook PCs running its new Chrome operating system, as the Internet giant makes its deepest push into Microsoft Corp's business. Schmidt also said on Thursday that while the worst of the economic downturn has passed, there aren't any strong signs
More
Shares in China's Guilin Sanjin Pharmaceutical and Zhejiang Wanma Cable almost doubled in their debut on the Shenzhen Stock Exchange on Friday, buoyed by strong investor interest in the country's first initial public offerings (IPOs) in 10 months. Local-currency A shares in Guilin Sanjin (002275.SZ), a traditional Chinese medicine maker, kicked off trading at 32.50
More
Cyber attacks slowing U.S. and South Korean websites could enter a new phase on Friday by attacking personal computers and wiping hard disks, a South Korean government agency and Web security firm said. North Korea was originally a prime suspect for launching the cyber attacks, but the isolated state was not named on a list
More
The VDMA, whose members include Siemens and Volkswagen, says its incoming business has suffered record declines this year. Now the dearth of credit to tide firms over is a new headache, which frustrated policymakers are blaming on reluctant banks. A poll in the July 6 edition of business weekly WirtschaftsWoche found some 57 percent of
More