Second thoughts about the U.S. economy's ability to recover soon hit global stocks on Monday and gave the dollar a modest boost. Investors were shaken late last week by a dismal U.S. payrolls report which put a question mark over the recovery in the dominant economy, and thus across the globe. "Doubts about the speed
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European shares fell to a seven-week low on Monday, on worries that economic recovery may still be some way off, with energy companies and banks leading the fallers, and ahead of the start of second-quarter earnings. At 0810 GMT, the FTSEurofirst 300 index of top European shares was down 1.8 percent at 827.58 points, after
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The financial crisis has laid bare defects in the dollar-led global economy and the world should look to displace the U.S. currency, even if that will take many years, Chinese officials said in comments published on Monday. The push for fundamental, if gradual, reform of the international financial system comes just before the Group of
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More governments could seek to limit trade in the months ahead if the global economic recession continues, World Bank President Robert Zoellick said on Monday. Zoellick said import taxes and other barriers have become more frequent in response to the downturn, reducing trade volumes that have slumped in response to weak demand. "These trends could
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Treasure Hunting will go fully digital on Friday night when players chase a mysterious oriental wand with special powers along the narrow streets and bridges of Venice. Discovering hidden corners far from tourist crowds, hunters will get route indications and keywords through cellphones and laptops to celebrate venerable Venice's big jump into the future —
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U.S. government guidelines to spend $4 billion to expand broadband access to underserved areas across the United States may go beyond current laws, a broadband industry group, said on Thursday. USTelecom, which represents the biggest U.S. telephone companies Verizon Communications Inc and AT&T Inc, said it was still analyzing requirements to provide loans and grants
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By Tsvetelia Ilieva Bulgaria's centre-right opposition GERB party said it would start coalition talks on Monday, after winning a national election that boosted the prospect of reforms in the European Union member to combat corruption and recession. GERB won on a promise to uproot the deep-seated crime that prompted the EU last year to cut
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By Patrick Markey and Mica Rosenberg Ousted Honduran President Manuel Zelaya turned back from an attempted return home on Sunday after soldiers clashed with his supporters as he tried to land, fueling tensions over the coup that toppled him. Zelaya's plane landed in neighboring Nicaragua, after he said initially his flight from Washington would divert
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Japan's Nikkei average fell 1.4 percent on Monday with investor sentiment dampened after last week's downbeat U.S. employment data dented hopes for an economic recovery. Concerns about the outlook for the global economy hit resource-linked shares such as oil and gas developer Inpex Corp and trading houses including Mitsui & Co. Nippon Yusen and other
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China said the dollar will retain its global dominance for years to come, offering its assurances ahead of the Group of Eight summit just as it takes another step to boost the profile of its own yuan currency. Beijing has floated the idea of looking for an alternative to the dollar as global reserve currency
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