Posted by admin on January 27, 2012 at 13:10 pm
LONDON – World stocks hovered near a 5-1/2 month high on Friday as investors anticipated an imminent conclusion to Greek debt talks while lower Spanish bond yields and a fall in Italy’s six-month borrowing costs also supported the euro. Sentiment was also buoyed by expectations that upcoming U.S. data would show the world’s largest economy grew at its fastest pace in nearly two years at the end of 2011.
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Greece hopes keep stocks, euro supported
Posted by admin on January 27, 2012 at 13:10 pm
LONDON – The finance ministry will have new powers to order the Bank of England to pump money into the financial system in any future banking crisis.
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Treasury gets power to order BoE to rescue banks
Posted by admin on January 25, 2012 at 15:41 pm
– Apple Inc shares surged the most in more than three years, after skyrocketing iPhone and iPad sales helped the company smash Wall Street expectations, prompting analysts to raise their price targets on the stock by as much as $100. Shares of the company, which reported results for its first full quarter without charismatic founder Steve Jobs, were up as much as 8 percent in early trading to $454.45.
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Stellar Apple results point to a good year ahead
Posted by admin on January 25, 2012 at 15:41 pm
DUBLIN – Ireland launched a bond switch on Wednesday to avoid a near 12 billion euro funding cliff in early 2014 that threatens its ambition to exit an EU-IMF bailout next year. In the most significant test of market sentiment since it was forced into a rescue programme in November 2010, Ireland’s debt management agency offered holders of its 4 percent January 2014 note a new bond maturing in February 2015 and paying a coupon of 4.5 percent. ..
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Ireland moves to avoid 2014 funding cliff
Posted by admin on January 23, 2012 at 18:13 pm
European stock markets rallied Monday on strong bank shares, and the euro gained against the dollar as investors hoped for a firm outcome to a Greece debt deal following an upbeat German bond auction.
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European stocks, euro higher awaiting Greece debt outcome
Posted by admin on January 23, 2012 at 18:13 pm
LONDON – Britain’s top share index hit a six-month closing high on Monday, fuelled by banks and commodity stocks, as fears receded over the potential for a messy Greek default in Europe’s debt crisis. The UK benchmark index ended up 54.01 points, or 0.9 percent, at 5,782.56, its highest close since July 29
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FTSE rises to six-month closing high
Posted by admin on January 21, 2012 at 20:35 pm
BERLIN – Italian Prime Minister Mario Monti wants the lending capacity of the euro zone’s permanent rescue fund to be doubled to one trillion euros, German magazine Der Spiegel wrote on Saturday, without citing sources.
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Italy wants EU bailout fund doubled – German magazine
Posted by admin on January 21, 2012 at 20:35 pm
LONDON/ATHENS – Chief negotiators for Greece’s private creditors left Athens Saturday without a deal on a debt swap plan that is vital to avert a chaotic default, sources close to the negotiations told Reuters. A technical team stayed in the Greek capital to work on details, and negotiations will continue over the phone, but it is unlikely a deal can be clinched before a crucial meeting on Monday of euro zone finance ministers, the sources said. ..
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Greece’s creditors leave Athens, talks to continue
Posted by admin on January 19, 2012 at 23:06 pm
SEATTLE – Microsoft Corp said on Thursday fiscal second-quarter profit fell very slightly, as lower computer sales hurt its core Windows business. The world’s largest software company reported net profit of $6.624 billion, or 78 cents per share, compared with $6.634 billion, or 77 cents per share, in the year-ago quarter.
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Microsoft profit falls as PC sales shrink
Posted by admin on January 19, 2012 at 23:06 pm
SAN FRANCISCO – Google Inc’s quarterly results fell short of Wall Street’s heightened expectations for the holiday season as Europe’s economic malaise weighed, triggering a 9 percent slide in its shares. The No.1 Internet search engine underperformed on both revenue and earnings in the fourth quarter, disappointing investors who had counted on record U.S. online-commerce to prop up results.
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Google misses Wall Street targets, shares plunge
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