Asian shares rose on Friday as this week's sharp losses were seen as excessive, but a rally in oil fizzled and the yen edged up as signals flashed 'danger' for the global economy before the G20 meeting this weekend. European shares were set to pick up the baton from Asia with Britain's FTSE 100 seen
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Oil edged down below $58 on Friday, as focus returned to growing signs of a global recession and slowing demand, after prices climbed almost 4 percent the previous day on a run-up in equity markets. U.S. crude futures for December shed 42 cents to $57.82 a barrel at 0650 GMT, after closing $2.08 higher on
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European stock index futures pointed to sharp gains on Friday, as the market tracks a rally on Wall Street after the S&P 500 and Nasdaq touched fresh five-year lows that triggered a wave of bargain hunting. At 0701 GMT, futures for the Euro Stoxx 50, Germany's DAX and the French CAC 40 were up between
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U.S. stocks surged on Thursday and broke a three-day losing streak after the S&P 500 and Nasdaq touched new five-year lows earlier in the session, prompting investors to put aside worries about the flagging economy and scoop up wilted shares at fire-sale prices. Capping off a volatile session, energy stocks led the market higher alongside
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Nov 13 (Reuters) – Britain's BT Group <BT.L> said on Thursday it was in the process of cutting 10,000 jobs, as it reported second-quarter core earnings and revenues just ahead of revised forecasts. Here are some details of major jobcuts across sectors since the beginning of September. * REGION – EUROPE: COMPANY SECTOR NUMBERS DATE
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European Union regulators announced proposals on Thursday that aim to close off loopholes in the EU's strict tax rules and crack down on tax evasion linked to cross-border investments. The idea is to prevent investors in an EU member country such as Germany from parking millions of euros in secretive banks in the tiny Alpine
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Reuters Governments have announced fiscal stimulus packages to help the world's economies withstand the effects of the financial crisis. Below are some details: * AUSTRALIA: — The government has announced a A$10.4 billion ($6.8 billion) package of cash handouts and family benefits. — It is providing A$1.5 billion to boost the housing and home building
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By Daniel Flynn (Reuters) A dozen black-robed monks chant in the gloom of a candle-lit chapel as sunset brings a new day to Greece's 1,000-year-old monastic community of Mount Athos. "Kyrie eleison (Lord have mercy), kyrie eleison, kyrie eleison," sing the deep voices of the monks beneath the gaze of frescoed saints in the fortress-like
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Negotiations to reunify Cyprus are expected to continue into 2009, a U.N. envoy said on Thursday, saying that time was needed to resolve the decades-old conflict hampering Turkey's bid to join the EU. Leaders of the estranged Greek and Turkish Cypriot communities started talks in September and the Turkish Cypriot side had earlier in the
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Cyprus President Demetris Christofias will pay an official two day visit to Russia, November 19-20. An official press release, issued here today, said that during the first day of his visit Christofias will have a meeting with the President of the Russian Federation Dmitry Medvedev and the Prime Minister Vladimir Poutin. Talks between the two
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