European shares fell in early trade on Monday, led lower by mining stocks that tracked a decline in metal prices, while carmakers Porsche and Volkswagen slipped after stopping merger talks. At 0819 GMT, the FTSEurofirst 300 index of top European shares was down 0.3 percent at 837.24 points, following losses on Wall Street on Friday
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Equities in Europe and Japan fell on Monday although emerging markets got a big boost from Indian elections which raised hopes of a stable, pro-economic reform government. The dollar strengthened slightly against major currencies after last's week four-month low. India was a bright spot for equity investors with the benchmark 30-share BSE index surging more
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Britain's top share index was flat early on Monday as weakness in miners offset gains in the banking sector, which was led higher by Lloyds Banking Group after Victor Blank stepped down as chairman. By 0758 GMT, the FTSE 100 was down 0.13 points at 4,347.98 points in choppy trade having been down as low
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Moody's stripped Japan of its coveted AAA rating on its foreign currency debt on Monday, rekindling some speculation that other major economies may pay for their efforts to revive growth with credit downgrades. Unlike many of its peers in the the top triple-A category, the world's No.2 economy relies mainly on domestic funding and Moody's
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Most Asian stock markets fell on Monday on concerns about corporate profits and a still-uncertain outlook for the global economy, but Indian shares surged following the ruling coalition's sweeping election victory. Hopes that Congress' victory will usher in a more stable government — and with it more certainty on policy and reforms — bolstered Indian
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EU foreign policy chief Javier Solana said on Monday that the European Union should consider toughening sanctions on Myanmar over its treatment of opposition leader Aung San Suu Kyi who faces trial on charges that could lock her up for five years. "It's not the moment to lower sanctions, it's the moment in any case
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Lloyds Banking Group said shareholders who do not take up its offer to buy up to 4 billion pounds ($6.1 billion) of shares will now receive any profit made from the sale of the shares. The part-nationalised British bank, which on Sunday announced its Chairman Victor Blank will leave in the next year , has
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An expenses scandal that has discredited the British political system and fuelled calls for radical reform of the "Mother of Parliaments" looks set to prompt a voter backlash against Prime Minister Gordon Brown. Disclosures that MPs have claimed everything from an adult movie to a chandelier on expenses have infuriated voters, eroding faith in the
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Central banks might need more power to oversee banks if they are to play a larger role in maintaining financial stability in the post-crisis world, a Bank for International Settlements (BIS) report said on Sunday. The report also said central banks should examine issues such as the make-up of policymaking bodies, their independence, voting habits
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The Obama administration's budget chief said on Sunday there are signs that the free-fall in the economy seems to have halted. "There are some glimmers of sun shining through the trees, but we're not out of the woods yet," White House budget director Peter Orszag said on CNN's State of the Union. U.S. economic data
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