09292016Thu
Last update: Thu, 29 Sep 2016 08am

Europe

Markets - Equity - Europe

European stocks regain ground at open PARIS: Europe's top markets opened slightly up on Wednesday, recouping losses over stumbling Greek debt reform talks, with the CAC 40 in Paris rising 0.24 percent to 5,016.37 points.In Frankfurt the DAX 30 gained 0.27 percent to 11,359.80 points after losing 0.94 percent on Tuesday, while outside of the eurozone, London's benchmark FTSE 100 index inched up 0.07 percent to 6,933.42 points.Copyright AFP (Agence France-Presse), 2015 ...

Markets - Equity - Europe

Greek uncertainty hits Europe shares, inflation lifts euro LONDON: European shares dipped on Tuesday while German bond yields rose, with investors scrabbling for clarity over whether a high-level meeting on Greece's debt crisis might herald a significant breakthrough.The euro rose nearly 1 percent against the dollar, which earlier hit a 12 1/2-year high against the yen, but traders said this was related to an above-forecast rise in euro zone inflation rather than to the Greek drama.U.S. stocks looked set to open lower, according ...

Markets - Equity - Europe

Tobacco stocks drag Britain's FTSE to three-week lows LONDON: Britain's top share index touched its lowest in more than three weeks on Tuesday, kept under pressure by a drop in tobacco stocks following a Canadian court ruling and lingering uncertainty about a Greek debt deal.British American Tobacco fell 2.2 percent, the biggest declining FTSE 100 stock, after a Canadian court awarded more than C$15 billion ($12 billion) in damages to smokers in class action cases. A BAT subsidiary was among three companies that ...

Markets - Equity - Europe

European shares decline on lingering Greek uncertainty LONDON: European shares slipped on Tuesday, as lingering uncertainty over the outcome of Greece's negotiations with creditors weighed on the region's stock markets.Greece's leftist government has put forward first proposals for pension reform, the European Union's economics chief said on Tuesday, as debt talks with international creditors reach a crunch point.Greece must repay four loans totalling 1.6 billion euros ($1.8 billion) to the International Monetary Fund this month, starting with a 300 million euro payment ...

Markets - Equity - Europe

Strong UK data boosts sterling after poor run LONDON: Sterling rose against the dollar on Tuesday after data showed British mortgage approvals jumped by the most in over six years in April, while optimism among British construction firms hit a nine-year high in May.The pound has fallen against the dollar for seven trading days in a row, its worst run in nine months, amid a flurry of weaker-than-expected data and worries about a planned referendum on Britain's EU membership.Sterling had rallied after the ...

Markets - Equity - Europe

European markets slide on Greece concerns PARIS: European markets pulled back on Tuesday as investors remained wary about progress on a deal to prevent Greece from defaulting, analysts said.In late morning trading the CAC 40 in Paris dropped 0.53 percent to 4,998.46 points and in Frankfurt the DAX 30 fell 1.06 percent to 11,436.31 points.Outside the eurozone, London's benchmark FTSE 100 index shed 1.00 percent to 6,884.05 points.The euro rose to 1.0973 from 1.0924 late in New York on Monday.European equities ...

Markets - Equity - Europe

Wolseley help European shares inch up; eyes on Greece, inflation LONDON: European shares inched higher at the open on Tuesday, keeping within their recent range as investors awaited euro zone inflation data due later in the day and developments out of Greece's negotiations with it creditors.British plumbing supplies group Wolseley led gains, rising 1.9 percent at 0704 GMT after it posted a 12.4 percent rise in quarterly revenue, helped by strong performances in all of its key regions.The leaders of Germany, France and Greece's international ...