Europe
Friday, 03 May 2013 20:04
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LONDON: World share markets stalled near five-year highs and the dollar dipped on Friday as investors braced for monthly jobs data from the United States, which could add to growing concerns over the global growth outlook.Oil and gold were also supported as the dollar eased while the euro recovered some of its losses against the greenback seen after the European Central Bank cut rates and left the door open for a further easing in policy.Analysts expect the April nonfarm payrolls report, due at 1230 GMT, to show American employers hired 145,000 people last month, up from March's dismal pace of 88,000 but not enough to erase fears the world's biggest economy is losing steam."I think we will see a weak payrolls number," said Fred Goodwin, cross-asset strategist at State Street."But we'll have to wait and see if that is a bad-news-is-good-news situation, or if the market will, at some point, ...
LONDON: Welcome to the era of perpetual private equity. After 14 years in PE hands, Allflex, which makes electronic tags for livestock, is being sold for $1.3 billion to another buyout house. This is just the latest big "secondary" deal between two private equity firms. Many companies could spend decades being privately held.BC Partners, a big London's buyout firm, won Allflex in a hot auction. The seller Electra Private Equity, is a less typical PE ...
NEW YORK: Berkshire Hathaway chairman and chief executive Warren Buffett said that he would not sell shares of IBM Corp., even as the company missed earnings expectations last month."I won't be a seller of IBM," Buffett told cable television network CNBC ahead of Berkshire's annual shareholder meeting, which will begin May 4 in Omaha, Nebraska.Buffett also said he did not buy more shares of IBM following the company's disappointing earnings results, which led to an ...
LONDON: The British stock market traded flat on Wednesday amid a public holiday in much of Asia and Europe and after another record finish overnight in New York ahead of the Federal Reserve's latest interest rate call.In morning deals, London's FTSE 100 index of top companies added just 0.01 percent to 6,427.29 points in light trading.The US central bank's Federal Open Market Committee (FOMC) will announce the outcome of its latest monetary policy meeting at ...
LONDON: Britain's top shares gained in thin trade on Wednesday as banks rose on expectations of more monetary easing and mining stocks climbed after a strong production update from Antofagasta.By 1034 GMT, the FTSE 100 had climbed 35.68 points, or 0.6 percent, to 6,465.80 points, rising on the first day of the month for the 10th straight time in a quiet-looking session with most European bourses closed for public holidays.The US Federal Reserve announces it ...
LONDON: The London stock market edged higher in opening deals on Wednesday, with Frankfurt and Paris closed for a public holiday.The British capital's benchmark FTSE 100 index of top companies gained 0.14 percent to 6,439.16 points, ahead of the US Federal Reserve's latest interest rate decision.European stocks traded mixed on Tuesday as investors balanced gloomy eurozone data against growing hopes of an interest rate cut from the European Central Bank this Thursday, dealers said.Copyright AFP ...
NEW YORK: US stocks were largely flat on Tuesday as investors found little reason to extend a recent rally that put the S&P 500 within a point of an all-time intraday high, though technology shares lifted the Nasdaq.Markets fluctuated between slight gains and losses, with the S&P on track for its six straight month of gains. Encouraging data on home prices and consumer confidence added to the positive tone. However, a decline in regional business ...
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