European stocks finish down on Monday

Note: This section contains information in English only.
Source: Marketwatch

European equity markets closed lower on Monday led by UniCredi SpA after Merkel-Sarkozy meeting. Although Merkel emphasized the progress reached in talks she also admitted Greece must implement its debt reduction soon otherwise it will not receive the second bailout package. Stoxx Europe 600 index lost 0.5% or 1.11 points and settled at 246.42, while French CAC 40 index dropped 0.3% or 9.67 points to 3,127.69. Both UK's FTSE 100 index and German DAX 30 index declined 0.7% to 5,612.26 and 6,017.23 respectively. 

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Tue, 10 Jan 2012 07:52:40 GMT

US shares edge higher on Monday

US shares closed higher on Monday as worries about European debt crisis were outweighed by data indicating the recovery of US economy. Dow Jones Industrial Average added 0.27% or 32.77 points and finished at 12,392.69, S&P 500 index rose 0.2% or 2.89 points at 1,280.70 while Nasdaq Composite gained 0.1% or 2.34 points, closing at 2,676.56.

Tue, 10 Jan 2012 07:51:33 GMT

Olympus sues its current and former managers claiming $1.7bn

Olympus Corp. announced it will request to cover losses valued at $1.7bn, created by firm's president, Shuichi Takayama and 18 other past and present executives which are accused for involving in a scheme to shroud investment losses. Olympus gained 21% in Tokyo morning trade lifted by investor hopes that company will remain publicly traded in stock exchange. 

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