Connect to share and comment

European shares edge up as telecom stocks rise

January 8, 2013 09:52
* FTSEurofirst 300 up 0.1 pct helped by telecoms * Euro STOXX 50 rises 0.1 pct * DAX underperforms after weak German economic data By Sudip Kar-Gupta LONDON, Jan 8 (Reuters) - European shares edged up on Tuesday with telecoms stocks rising to offset losses in major financial shares although Germany's benchmark equity index slipped on weak economic data.

IQE says in advanced talks for "significant" acquisition

January 8, 2013 09:52
Jan 8 (Reuters) - British semiconductor materials maker IQE Plc confirmed it was in advanced talks regarding a potential "significant" acquisition, following a report published in the Times on Tuesday. IQE, which has a market value of about 170 million pounds ($273 million), is in the process of raising 17.5 million pounds to fund the possible acquisition, the Times reported. Canaccord Genuity, its broker, is helping IQE sell 70 million new shares at 25 pence each, the newspaper said.

GLOBAL MARKETS-U.S. stocks fall from 5-year high; euro firms

January 7, 2013 21:46
* Wall Street shares retreat from 5-year high * Euro rises on bets ECB might leave rates alone * Oil prices slip with stocks, growth view caps losses * Dollar pulls back from 2-1/2-year high versus yen By Richard Leong NEW YORK, Jan 7 (Reuters) - U.S. stock prices receded from five-year highs on Monday, while the euro rose against the dollar on bets the European Central Bank might refrain from signaling more interest rate cuts on Thursday.

GLOBAL MARKETS-U.S. stocks slip before earnings; oil dips

January 7, 2013 15:58
* Wall Street shares retreat from 5-year high * Brent crude dips below $111 a barrel * Dollar pulls back from 2-1/2-year high versus yen NEW YORK, Jan 7 (Reuters) - U.S. stock prices fell on Monday on worries about disappointing company results while world oil prices dipped on profit-taking, but signs of improvement in the global economy capped the losses.

REFILE-US STOCKS-Wall St falls after 5-yr high, earnings in focus

January 7, 2013 13:21
* Bank of America shares up on $11 billion Fannie Mae settlement * Amazon stock hits all-time high on Morgan Stanley view * Indexes off: Dow 0.47 pct, S&P 0.45 pct, Nasdaq 0.41 pct By Rodrigo Campos NEW YORK, Jan 7 (Reuters) - U.S. stocks fell on Monday as traders cashed in recent gains that lifted the S&P 500 to a five-year high on Friday and awaited Tuesday's start of the fourth-quarter earnings season.

GLOBAL MARKETS-Shares, oil dip, but growth prospects limit falls

January 7, 2013 10:09
* World stocks ease 0.15 pct as new year rally fades * Bank stocks outperform on milder liquidity rules * Dollar pulls back from 2-1/2-year high versus yen * Brent crude dips below $111 a barrel By Richard Hubbard LONDON, Jan 7 (Reuters) - World stocks and oil prices eased on Monday ending a new year rally as some investors chose to book profits, but signs of a brightening global economic growth outlook limited the falls.

Welcome to Macca's as McDonald's goes Aussie

January 7, 2013 10:08
SYDNEY, Jan 8 (Reuters) - Looking for a McDonald's in Australia this month? You may bump into a "Macca's" instead. The international fast food giant will temporarily change signs at selected stores across the country to "Macca's," the affectionate Australian nickname for the chain, in celebration of Australia Day, which falls on Jan. 26 - a move that is its first such globally.

GLOBAL MARKETS-U.S. bonds, world shares fall after Fed minutes

January 4, 2013 00:15
* World shares slip as Fed hints at tighter policy * 10-yr Treasury yields hit highest since May * Dollar index extends rally By Rodrigo Campos NEW YORK, Jan 3 (Reuters) - U.S. Treasury debt prices slid and world stocks reversed course and dipped on Thursday after minutes from the latest meeting of the Federal Reserve's policy committee showed rising concern about the Fed's policy of buying bonds to stimulate growth. The Federal Open Market Committee's minutes also extended a rally in the U.S.

WRAPUP 4-US private sector job gains offer hope for labor market

January 4, 2013 00:15
* Private employers add 215,000 jobs in December * Weekly jobless claims rise 10,000 last week * Four-week average of claims steady at 360,000 * Data point to underlying momentum in the economy By Lucia Mutikani WASHINGTON, Jan 3 (Reuters) - U.S. private-sector employers shrugged off a looming budget crisis and stepped up hiring in December, offering further evidence of underlying strength in the economy as 2012 ended.

GLOBAL MARKETS-U.S. fiscal deal prompts rally in stocks, commodities

January 3, 2013 11:49
* Global shares jump after U.S. Congress passes budget deal * Dollar down, euro rises on increase in risk appetite * Oil jumps as commodities join rally in risky assets By Ryan Vlastelica NEW YORK, Jan 2 (Reuters) - Global stock surged while commodities rallied on Wednesday after U.S. legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into recession. The deal reached on Tuesday to avert the "fiscal cliff" put off the immediate pain of income tax hikes for almost all U.S.
Syndicate content