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Last update: Tue, 03 May 2016 04am

Europe

Markets - Equity - Europe

Oil shares weigh on European shares as Doha deal fails LONDON/MILAN: European shares steadied on Monday after a weak open, with oil stocks weighing on the market as crude prices tumbled after a meeting by major exporters in Doha collapsed without a deal to freeze output.The STOXX Europe Oil and Gas index slipped 0.8 percent, making it the top sectoral loser. Shares in Royal Dutch Shell, Total and Eni were all down nearly 2 percent.A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices.The pan-European FTSEurofirst 300 index touched its lowest intraday level since Wednesday, before turning higher to trade flat at 1,350.95, following U.S. shares up in afternoon trade.The index remains over 13 percent off of lows hit in February, after concerns over a slump in oil prices and China's growth knocked ...

Markets - Equity - Europe

Global stocks slide on discord in Doha LONDON: World equity markets slid on Monday with the energy sector taking a tumble, as oil prices tanked following the collapse of weekend output talks in Doha."Discord in Doha has left oil prices weaker and has prompted a drop across European equity markets," said CMC Markets analyst Jasper Lawler.Frankfurt, London and Paris all shed more than 1.0 percent in opening deals, but later tempered their losses.In Asia, Hong Kong ended 0.7 percent lower, Shanghai closed ...

Markets - Equity - Europe

Oil stocks a drag on Britain's FTSE after Doha deal disintegrates LONDON: UK shares came under pressure on Monday after major oil producers failed to reach an agreement to freeze output over the weekend, sending shares in commodities-related stocks lower.Oil & gas companies were among the top sectoral fallers after a deal to freeze oil output by OPEC and non-OPEC producers broke down on Sunday, sending oil prices tumbling.OPEC's de factor leader Saudi Arabia demanded that Iran, which was absent from the talks, join the global ...

Markets - Equity - Europe

European shares led lower by oil stocks as Doha deal fails MILAN/LONDON: European shares fell on Monday, with oil stocks leading the market lower as crude prices tumbled after a meeting by major exporters in Doha collapsed without a deal to freeze output.The STOXX Europe Oil and Gas index slipped 1.4 percent, making it the top sectoral loser. Shares in Royal Dutch Shell, Total and Eni were all down nearly 2 percent.A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday ...

Markets - Equity - Europe

Shares follow oil down after Doha disappointment LONDON: A dive in oil prices sent stock markets lower on Monday after producers meeting in Qatar failed to agree on a plan to curb global supply, quashing the more optimistic tone that had prevailed for much of the past week.Japan's Nikkei index led the way, tumbling more than 3 percent after a devastating earthquake in the southwest of the country, with signs from a summit in Washington that other Group of 20 governments oppose ...

Markets - Equity - Europe

Russian stock markets, ruble slump after oil talks fail MOSCOW: Russia's stock markets on Monday tumbled after the failure of the world's top oil producers to agree a deal to cap output appeared to spell more trouble for the country's energy-reliant economy.Oil prices plunged after Saudi Arabia, the world's largest crude exporter, refused to back an agreement on Sunday in Doha with OPEC members and other major producers, including Russia, aimed at easing a global supply glut. Moscow's dollar-denominated RTS index was down over ...

Markets - Equity - Europe

Stocks and currencies ease, Budapest is resilient BUDAPEST: Central European stocks and currencies eased and some government bonds firmed on Monday after a failure of oil producers to agree a cut in supply sent crude prices lower.The region's fast-growing and stable emerging economies do not rely on crude or commodities revenues, but lower crude prices can keep inflation anaemic and push the region's central banks towards looser monetary policy.Czech figures released on Monday showed a 4.5 percent annual decline in industrial producer ...