Weakness in banks and miners outweighed gains in defensive pharmaceuticals and food producers, pushing Britain's top share index down 0.2 percent early on Wednesday. By 0803 GMT the FTSE 100 had slipped 8.20 points to 4,417.34, after falling 0.2 percent the previous session. The index is in mildly negative territory for the third consecutive day
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China's industrial output rose less than expected last month, offering another reminder that the global economic recovery may not be as swift and strong as markets had hoped for. Mounting evidence that the worst global slump in six decades may be abating has in recent weeks encouraged investors to make riskier bets again, driving the
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The U.S. dollar fell to a four-month low on Wednesday, its safe haven appeal eroded by optimism about a global economic recovery and concerns about the United States' fiscal health. Oil prices neared $60 a barrel and helped energy shares. World stocks as measured by MSCI gained 0.2 percent after two consecutive days of moderate
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Oil rose towards $60 a barrel on Wednesday, after hitting a six-month high the previous day, after U.S. inventory data showed an unexpected drawdown, boosting hopes for recovery in the world's top energy user. Oil was also buoyed by a weaker U.S. dollar, which slid to a four-month low against a basket of currencies as
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Google Inc unveiled a slew of new and future features on Tuesday, including one that will allow people to better coordinate Internet searches on their cell phones and computers and another that will produce sophisticated automated research reports. At a briefing at Google's headquarters in Mountain View, California, executives demonstrated tools to knit its search
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IBM Corp is set to begin selling a long-awaited software aimed at helping companies analyze real-time data, ranging from traffic data to manufacturing processes, to find more efficient ways to run their business. IBM, which has shifted its focus from computers to higher-margin software and services over the past decade, said the new software, named
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Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want bigger cushions against a deep recession, or proof that they have enough of a buffer. Bank of America Corp <BAC.N>, which regulators last week ordered to find $33.9 billion of capital, sold $7.3 billion of China Construction Bank Corp
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The U.S. dollar fell to a four-month low on Wednesday as optimism about a global recovery and concerns about U.S. fiscal health reduced its safe haven appeal, while oil prices near $60 a barrel helped energy shares push most Asian stock markets higher. Major European stock indexes were expected to open as much as 1.1
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Cypriots believe by vast majority (72.5%)that the integration of Central and Eastern Europe countries into the European Union has contributed to job losses at their country, according to a Eurobarometer survey conducted in February 2009. This is one of the highest percentages in the EU with the average percentage of responses from citizens by other
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The Republic of Cyprus and the European Investment Fund (EIF) have signed an agreement worth of 20 million euro to support Small Medium Enterprises (SME) in Cyprus. The agreement was signed under the JEREMIE initiative (Joint European Resources for Micro to Medium Enterprises), a European Commission and European Investment Bank joint initiative, aiming at facilitating
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