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S&P 500 index modestly climbs on jobless claims data
Fri, 03 Feb 2012 11:11:35 GMT
 
S&P 500 index modestly climbed on Thursday as the number for jobless claims fell to a record low since June 2008. US benchmark index gained 0.11% or 1.45 points and >>
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Portugal sells a part of REN
Fri, 03 Feb 2012 10:56:25 GMT
 
Portuguese government approved selling 40% of its share in REN Redes Energeticas SA (RENE) to State Grid International of China and Oman Oil Co. to fulfil the requirements of bailout agreement. State Grid >>
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Panasonic reports record loss on Thailand floods
Fri, 03 Feb 2012 10:40:31 GMT
 
Consumer electronics manufacturer Panasonic Corp. posted its all time record high losses due to the floods in Thailand amid appreciating Yen and global economy slowdown. Panasonic Corp. reported a loss valued at JPY >>
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US stocks showed mixed performance on Thursday
Fri, 03 Feb 2012 10:25:47 GMT
 
US stocks experienced rather choppy session as investors awaited upcoming session's employment statistics and health care sector posted disappointing 4th reports. S&P 500 index gained 0.11% or 1.45 points and finished at >>
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European stocks ended higher on Thursday
Fri, 03 Feb 2012 10:10:25 GMT
 
European shares surged on Thursday, supported by US macroeconomic statistics and merger talks between Glencore International and Xstrata Plc. Stoxx 600 index finished 0.2% higher, FTSE 100 climbed 0.1% and >>
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Japan Finance Minister warns of possible intervention
Fri, 03 Feb 2012 09:49:29 GMT
 
Japanese FM Jun Azumi distributed a warning that additional monetary intervention is likely to be necessary as Fed's decision about freezing its low interest rates stimulated speculative Japanese Yen purchasing >>
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Russia is likely to leave key interest rate unchanged
Fri, 03 Feb 2012 09:36:04 GMT
 
Russia is expected to stick to its current benchmark interest rate after unexpected cut in December which, stimulated consumer demand and created conditions for accelerating inflation. Economists surveyed by Bloomberg >>
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Swiss Franc strengthens amid Greece's uncertainty
Fri, 03 Feb 2012 09:27:49 GMT
 
Swiss National Bank's (SNB) interim executive Thomas Jordan has to deal with appreciating Swiss national currency which is perceived as safe asset amid Greek debt uncertainty. The Franc has been >>
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Aussie and Kiwi drop on Greek concern
Fri, 03 Feb 2012 09:07:23 GMT
 
New Zealand and Australian Dollar depreciated on Friday as Greek debt concerns renewed, curbing demand for riskier assets. Australian currency lost 0.2% to USD 1.0691 and declined to JPY 81.47. >>
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Australian servicer sector jumped in January
Fri, 03 Feb 2012 08:53:13 GMT
 
The services activities soared in January after three month fall, reported the Australian Industry Group. Australian PSI advanced by 0.29 points to 51.6 in January on a seasonally adjusted basis. >>
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Shell considers increase output on the higher profits
Fri, 03 Feb 2012 08:29:46 GMT
 
Royal Dutch Shell announced it plans to invest more to boost production. The company reported it would invest 30 billion US Dollars into the new gas and oil projects in >>
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China's gold miner faced increase in profits due to high gold price
Fri, 03 Feb 2012 08:05:56 GMT
 
China's miner, Zijin, announced it expects about 20% increase in profit for 2011 due to constantly growing gold price. The company estimated its annual profits as 5.8 billion Yuan for >>
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Burma announced 11 billion US Dollar of foreign debt
Fri, 03 Feb 2012 07:47:35 GMT
 
Burma announced it owes about 11 billion US Dollars of foreign debt that is much more than previously estimated. The foreign minister of the country reported that Burma has started >>
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Natural gas jumped after US inventory data
Fri, 03 Feb 2012 07:32:19 GMT
 
Natural gas futures soared after IEA report indicated much larger fall in the inventories than initially projected. The natural gas stockpiles fell by 132 billion cubic feet last week after >>
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UK to fall into recession this year
Fri, 03 Feb 2012 07:16:20 GMT
 
The economy of the UK is expected to fall into crisis in the first half of 2012 as households continued to reduce spending, said a person familiar with the matter. >>
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