Finally some good news from the markets. European stocks extended earlier gains as U.S. stocks soared ahead of the expected Federal Reserve rate cut and results from Goldman Sachs and Lehman Brothers. Investors breathed a sigh of relief after two of the four biggest US banks posted better than expected results after the fifth biggest, Bear Stearns, collapsed at the weekend. Although there have been several shocks for the markets recently, Barclays Wealth Equities Strategist Henk Potts says there is a light at the end of the tunnel. SOUNDBITES: Barclays Wealth Equities Strategist, Henk Potts, saying (English): "There clearly are problem in the credit markets which are infringing upon growth prospects as well and we know that central banks have been working very hard to loosen those up a little bit. We know of course that banks are very much 'risk averse' at the moment, that they've made it harder for individuals, for businesses and of course, as we've seen...
Slumping demand for everything from clothing to personal computers has prompted a string of grim company announcements including microchip maker Intel Corp, PC firm Lenovo and Nippon Steel. Nippon...
Government owned petroleum refineries hit by strike Mumbai, January 8 (ANI): Employees including those from the executive and officer cadres, at India's state-run oil firms commenced an...
Satyam interim CEO swears by clients and staff Hyderabad, January 8 (ANI):The interim CEO of Satyam Computer Services took charge of the office on Wednesday following the dramatic resignation of...
Satyam drags Indian shares down 7percent Mumbai/Hyderabad, January 8 (ANI): Shares in Satyam Computer Services plunged more than three-fourth on Wednesday after the Indian outsourcer said it had...
Hong Kong shares rebound on Thursday(October 9), after recording a nearly 13 percent slide so far this week, helped by coordinated central bank action around the world and a raft of favourable...
Britain on Friday (December 19) called for action to improve transparency in oil markets as part of a drive for greater stability in energy prices. Energy producers and consumers also need to...
The U.S. Senate is set to vote Wednesday night on a $700-billion US financial bailout plan that was narrowly defeated Monday in the House of Representatives. Following a day of closed-door...
European shares jumped in early trade on Friday (October 17), tracking gains in the United States and Asia, as investors picked up battered banks and energy shares were lifted by a rise in crude....
The UK's hiring outlook is the lowest in 6 years, but in parts of Europe and Asia the picture is much brighter. MOREINFO: In its latest survey of global hiring prospects, leading employment...
The weekend's energy summit in Jeddah was all about trying to stop the rapidly escalating cost of oil, and smiles for the cameras aside, the United States and other countries are desperate to...
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