Europe’s shadow darkens outlook

admin — Mon, 06 Feb 2012 00:43:09 +0000

WASHINGTON - A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.

Stocks rise as U.S. jobs gain outweighs fears

admin — Mon, 06 Feb 2012 00:42:14 +0000

Stocks rise as U.S. jobs gain outweighs fears

TOKYO - Asian shares rose on Monday as surprisingly robust U.S. jobs data bolstered investor risk appetite, overshadowing worries about a lack of progress in Greek debt restructuring talks that are vital to containing the euro zone debt crisis. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent to its highest in more than five months, after the index recorded a fifth successive weekly gain last week.

U.S. data boost global equities

admin — Sat, 04 Feb 2012 03:11:41 +0000

U.S. data boost global equities

NEW YORK - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed

Oil rallies on US jobs report

admin — Sat, 04 Feb 2012 03:11:36 +0000

Oil rallies on US jobs report

World oil prices surged Friday after unexpectedly good jobs data signaled the US economy was growing more strongly than believed.

Facebook seeks to raise $5 bln in IPO

admin — Thu, 02 Feb 2012 05:40:56 +0000

Facebook seeks to raise $5 bln in IPO

Social networking titan Facebook filed to go public, seeking to raise $5 billion in the largest flotation ever by an Internet company on Wall Street.

Euro, stocks firm on easing global growth

admin — Thu, 02 Feb 2012 05:40:51 +0000

Euro, stocks firm on easing global growth

TOKYO - Asian shares, the euro and crude oil rose on Thursday as encouraging manufacturing data soothed fears about the global economic fallout from the euro zone debt crisis, with a drop in European government debt yields also supporting sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan climbed as much as 1.3 percent to a five-month high of 438.52, with Australia and China leading the gains.

Shares, euro recover on Greek debt hope

admin — Tue, 31 Jan 2012 08:11:54 +0000

Shares, euro recover on Greek debt hope

TOKYO - Asian shares and the euro rose on Tuesday after Greek Prime Minister Lucas Papademos raised hopes that a deal would be reached this week to avoid a potentially chaotic debt default, but worries over Portugal's refinancing ability capped gains.

FTSE seen opening higher

admin — Tue, 31 Jan 2012 08:11:50 +0000

FTSE seen opening higher

LONDON - Britain's FTSE 100 index is seen opening up 20-24 points, or 0.4 percent on Tuesday, according to financial bookmakers, rallying after two sessions of declines in tandem with a late recovery from lows on Wall Street and gains in Asia on hopes Greece is moving closer to clinching a debt swap deal. ...

Public workers stage mass protest in Barcelona

admin — Sun, 29 Jan 2012 10:42:15 +0000

Public workers stage mass protest in Barcelona

Thousands of police, teachers and hospital staff staged a mass protest march in Barcelona on Saturday in growing anger at spending cuts hitting key services in Spain's Catalonia region.

British charm offensive targets Chinese cash

admin — Sun, 29 Jan 2012 10:42:09 +0000

British charm offensive targets Chinese cash

Britain is making huge efforts to attract investment from China to kickstart an economy teetering on the brink of recession -- and it is playing its trump card of being outside the eurozone.