Europe
Saturday, 11 May 2013 01:54
24
NEW YORK: US stocks overcame a choppy day of trading Friday and closed at fresh all-time highs as Group of Seven finance chiefs met in Britain to discuss economic challenges.The Dow Jones Industrial Average rose 35.87 (0.24 percent) to 15,118.49, a new all-time closing high.The broad-based S&P 500, also reaching a fresh record peak, added 7.03 (0.43 percent) at 1,633.70, while the tech-rich Nasdaq Composite Index increased 27.41 (0.80 percent) to 3,436.58.The gains came amid a lack of major US economic data, with stocks like Gap and Priceline advancing after favorable earnings news.G7 finance ministers and central bank governors began a two-day meeting near London to discuss economic growth strategies.Shares of pharmaceutical companies Actavis and Warner Chilcott soared as the companies said they were in preliminary talks regarding a possible merger. Actavis rose 12.2 percent, while Warner Chilcott surged 20.0 percent.Computer maker Dell gained 1.0 percent after investor Carl Icahn ...
NEW YORK: The US dollar soared to its highest level against the yen in over four years on Thursday after signs the American labor market improved further and in the wake of renewed debate by Federal Reserve officials about scaling back bond buying.The dollar, up 16 percent against the Japanese currency so far this year, started climbing after data showed US claims for unemployment benefits fell to the lowest level since January 2008, suggesting the ...
LONDON: Europe's main stock markets were mixed but mostly stronger on Thursday while the euro eased against the dollar as traders digested the Bank of England's keeping its main interest rate unchanged, and booked profits after several days of gains.London's benchmark FTSE 100 index of top companies gained 0.13 percent to 6,592.18 points and Frankfurt's DAX 30 added 0.17 percent to 8,263.47 points while in Paris the CAC 40 slid by 0.85 percent in value ...
LONDON: Europe's major stock markets posted solid gains on Wednesday, with Frankfurt's main index hitting another record high and London at its most robust level in more than five years.In New York, shares in the legendary English football club Manchester United slumped in early trading however after the English Premier League champions said long-serving manager Alex Ferguson would retire later this month.At the close of trade in Europe, London's FTSE 100 index of leading companies ...
LONDON: Strong Chinese trade data pushed world shares to five-year highs on Wednesday and boosted growth-sensitive currencies and metals, despite doubts about the quality of the figures.An unexpected rise in German industrial output in March added to the upbeat sentiment lifting European shares and the euro and dampening demand for safe-haven Bunds.Last Friday's upbeat US jobs data and robust German factory orders earlier this week have driven up global stock markets, and the positive mood ...
ISTANBUL: Turkey is in talks with the London Stock Exchange and Nasdaq about possible strategic partnerships for its stock exchange in Istanbul, Deputy Prime Minister Ali Babacan said on Wednesday.Turkey is in the process of merging the Istanbul Stock Exchange, the Gold Exchange and Derivatives Exchange into Bourse Istanbul - an important step in the government's bid to privatise the company and create a regional financial hub."We are holding talks with London and Nasdaq for ...
More Articles...
| |||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
