Europe
Friday, 03 May 2013 17:30
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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 8 percent drop in the company's shares a day later.Buffett added that he may buy more shares in IBM "from time to time," but that he neither bought nor sold shares after the company's quarterly earnings miss. He said that he "may have added a little bit" to Berkshire's stake in the company in the first quarter.Buffett also told CNBC that he is "100 percent" in favor of JPMorgan Chase chairman and chief executive Jamie ...
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 ...
LONDON: European stock markets closed on Tuesday with mixed results as investors balanced mostly gloomy eurozone economic data against growing hopes of an interest rate cut from the European Central Bank, dealers said.London's FTSE 100 index of top companies gave up 0.43 percent to 6,430.12 points, the Paris CAC 40 slid 0.31 percent to 3,856.75 and Madrid's IBEX 35 slipped 0.38 percent to 8,419.On the upside, Frankfurt's DAX 30 gained 0.51 percent to 7,913.71 points, ...
PARIS: Europe's main stock markets closed with mixed results on Tuesday, as London's FTSE 100 index of leading companies fell by 0.43 percent to 6,430.12 points.In Frankfurt, the DAX 30 added 0.51 percent to 7,913.71 points, but in Paris the CAC 40 slipped by 0.31 percent to 3,856.75.Copyright AFP (Agence France-Presse), 2013 ...
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