British Prime Minister Gordon Brown has lost support for his handling of the economy, two polls showed on Tuesday, the eve of what is expected to be one of the bleakest budgets in decades. With an election due by June 2010, the ICM survey for the Guardian newspaper said 35 percent of voters trusted Brown
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The European Commission said on Tuesday it had proposed giving Romania 5 billion euros in financial assistance to help Bucharest deal with the effects of the financial crisis. Romania secured a 20 billion euro aid package last month from the EU and International Monetary Fund to help it thwart a financing crisis and stabilise its
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The EU's executive European Commission has been stepping up the pace on proposals for financial regulation reform to make markets safer for investors. The United States is looking at similar measures as part of wider global efforts spearheaded by the G20 group of industrial and developing countries. This week, the European Parliament meeting in Strasbourg,
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European shares fell by midday on Tuesday in choppy trade as declines in bank stocks offset gains in defensives led higher by record earnings from British retailer Tesco. At 1117 GMT, the FTSEurofirst 300 index of top European shares was down 0.75 percent at 780.37 point, having fluctuated between 0.73 percent lower and 0.8 percent
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World stocks sold off on Tuesday and Wall Street looked set to open lower after a more than one-month long rally lost some of its immediate fiz due to renewed worries about the state of the banking industry. Shares fell despite growing signs of confidence among German investors and solid earnings from Tesco, one of
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German economic sentiment jumped on Tuesday, a clutch of central bankers detected signs of stabilisation ahead and retail giant Tesco shrugged off global malaise to post bumper profits. Recent improvement in some economic data and company results had propelled stocks on a six-week rally until Monday, when spiralling credit losses at Bank of America brought
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Stock index futures pointed to a lower open on Tuesday on concerns about the state of corporate profits after Bank of New York Mellon cut its quarterly dividend and DuPont warned of weak demand ahead. Bank of New York Mellon Corp (BK.N) said first-quarter profit fell by more than half as fees tumbled, and the
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President of the Republic of Cyprus Demetris Christofias has said Tuesday's meeting with Turkish Cypriot leader Mehmet Ali Talat was good, noting that most of the meeting was tete-a-tete. In statements on his return to the Presidential Palace after his meeting with Talat, in the framework of direct negotiations to solve the Cyprus problem, President
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European shares bucked the global trend on Tuesday, rising despite renewed fears about banking credit and keeping up hopes that a global equity rally would continue. World stocks as measured by MSCI were down 0.3 percent, adding to a more than 3 percent loss on Monday. They were mainly hit by Asia, where Japanese shares
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Nearly two thirds of the EU population favour coordinated action by EU member states to fight the economic crisis, but only 39% believe that, so far, this has happened sufficiently. According to the results of the Eurobarometer opinion poll, taken from mid January to mid February, 81% of respondents said the financial crisis has important
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