LONDON (AP) – World stock markets rose Friday after a run of stronger than anticipated U.S. economic data the previous day renewed investors’ hopes that the world’s largest economy may recover from recession this year.
By mid morning London time, the FTSE 100 index of leading British shares was up 83.29 points, or 2 percent, at [...]
By TALI ARBEL
AP Business Writer
NEW YORK (AP) – The dollar eased off against the major currencies Tuesday during a day light on economic data and as stock markets worldwide mostly shot higher.
A memo from Citigroup Inc. Chief Executive Vikram Pandit saying the beleaguered bank was running an operating profit of $8.3 billion revved up U.S. [...]
By ADAM SCHRECK
AP Business Writer
DUBAI, United Arab Emirates (AP) – Qatar’s stock market surged 9 percent Monday after the government said it would buy the investments of local banks – the latest effort by energy-rich Gulf states to boost confidence amid the faltering global economy.
A statement posted on the Doha Securities Market Web site said [...]
Specialist Thomas J. Facchine works his post on the trading floor of the New York Stock Exchange Friday, March 6, 2009. Though stocks might bounce Friday given how far they’ve fallen, many analysts believe there is little keeping them from sinking further. (AP Photo/David Karp)
By MADLEN READ
AP Business Writer
NEW YORK (AP) – Traders weren’t taking any chances Friday, sending stock futures lower ahead of what’s likely to be another unnerving reading on the job market.
The Labor Department is expected to report that employers cut 648,000 jobs in February, according to economists polled by Thomson Reuters/IFR. That would be more [...]
TOKYO (AP) – Japan’s key stock index dropped more than 3 percent to a four-month closing low Friday after worries over the fate of money-losing General Motors Corp. and growing pessimism about the U.S. economy dragged Wall Street sharply lower overnight.
The benchmark Nikkei 225 index tumbled 260.39 points, or 3.5 percent, to 7,173.10, the lowest [...]
By JEREMIAH MARQUEZ
AP Business Writer
HONG KONG (AP) – Asian stock markets resumed their downward slide Friday after Wall Street fell to its lowest levels in more than 12 years amid deepening fears about the fate of General Motors Corp. and major financial companies. European markets were mixed in early trade.
The region’s retreat marked a return [...]
By LOUISE WATT
Associated Press Writer
LONDON (AP) – European markets dropped Thursday after the previous session’s strong rally, as investors turned cautious ahead of key interest rate decisions later in the day by the European Central Bank and the Bank of England.
By noon in mainland Europe, Britain’s FTSE 100 lost 1.7 percent at 3,583.01, Germany’s DAX [...]
By SARA LEPRO and MADLEN READ
AP Business Writers
NEW YORK (AP) – Stocks are extending their slide as a brief burst of investor optimism fades.
Wall Street is disappointed that China won’t take new steps to stimulate its economy. More bad economic data, unrelenting fears about the financial system and fresh concerns about the stability of General [...]
By PAN PYLAS
AP Business Writer
LONDON (AP) – World stock markets rallied strongly Wednesday – many from multiyear lows – after the Obama administration launched its program to help up to 9 million borrowers stay in their homes and investors hoped an expected Chinese stimulus package could limit the recession in the industrialized world.
In Europe, the [...]
