LONDON: Europe's main stock markets mostly steadied in opening deals on Monday as G8 support for Greece to remain part of the eurozone boosted sentiment after last week's sharp sell-off, traders said. London's benchmark FTSE 100 index dipped 0.04 percent to 5,265.36 points, Frankfurt's DAX 30 nudged down 0.03 percent to 6,269.31 points and in Paris the CAC 40 fell 0.37 percent to 2,997.19. The euro also bounced back from four-month lows against the dollar after the G8 weekend announcement. With the future of Europe's currency union in doubt, leaders of eight of the world's largest economies called on Greece to stick to the terms of a massive EU-IMF bailout, which is hanging by a thread. "We agree on the importance of a strong and cohesive eurozone for global stability and recovery," a G8 joint communique stated at the end of a weekend meeting. "We affirm our interest in Greece remaining in the eurozone while ...

NEW YORK: Facebook shares leapt some 12 percent in opening trade Friday, then pared their gains, as the wildly popular social network made a splash in its market debut. The shares, priced at $38 on Thursday in the largest-ever initial public offering (IPO) for a technology company, jumped to $42.55 in the opening Nasdaq trades before settling back with more moderate gains. Trading opened at 1530 GMT, after what appeared to be a delay in the debut. Less than 10 minutes later, the shares were up only 5.3 percent at $40. Copyright AFP (Agence France-Presse), 2012 ...

MOSCOW: Russian shares tumbled to seven-month lows and the rouble suffered its biggest weekly fall since mid-September on Friday, battered by sliding oil prices and risk aversion among investors spooked by escalating turmoil in the euro zone and sluggish US economic data. The dollar-based RTS index fell 0.8 percent to 1,302.4 points at 1340 GMT after hitting its lowest level since early October of 1,263.3. Its rouble-traded peer MICEX shed 0.25 percent to 1,284.6, taking its year-to-date losses to more than 8 percent. The protracted formation of a new Russian government - yet to be announced almost two weeks after the start of Vladimir Putin's new presidential term - has compounded gloomy investor sentiment. "It is amazing that they haven't got their act together. It's not as if these people have just had a shock election victory," said Christopher Granville, managing director at Trusted Sources, a London-based emerging markets research firm. A heavy sell-off ...