UNITED KINGDOM

Asian shares falter on worries rally overdone

IBTimes Logo
Asian shares fell on Tuesday for a second consecutive session as investors worried that a recent rally may be overdone, though oil prices extended gains ahead of data this week expected to show a fall in U.S. crude inventories.
More news
IBTimes Logo

Cerberus sees two senior partners leave: report

Two senior Europe-based partners in U.S. private equity firm Cerberus, majority owner of carmaker Chrysler, have left the company, the Wall Street Journal reported, citing a person familiar with the company.
IBTimes Logo

New ministers back UK's Brown but fate uncertain

British Prime Minister Gordon Brown, battling to avert the collapse of his government, said on Saturday he would stick to his policies, as his Labor Party faced a European election drubbing.
IBTimes Logo

Obama says D-Day saved world from evil

U.S. President Barack Obama paid homage to the heroes of D-Day on Saturday, saying their assault on Normandy's beaches exactly 65 years ago had helped save the world from evil and tyranny.
IBTimes Logo

Obama marks 65th D-Day anniversary in Normandy

U.S. President Barack Obama on Saturday marked the 65th anniversary of the D-Day landings on France's Normandy beaches, an important World War Two breakthrough in the battle against Nazi Germany.
IBTimes Logo

Britain's rejigs cabinet to calm crisis

British Prime Minister Gordon Brown sought to fend off a challenge to his authority on Friday, reshuffling his cabinet to secure the loyalty of several ministers and averting a government collapse.
IBTimes Logo

Policy-makers say worst may be past

U.S. employers last month cut the fewest jobs since September and international policy-makers said the worst of the downturn may be over as more positive corporate news popped up around the globe.
IBTimes Logo

Stocks, oil, dollar rise after U.S. jobs data

World stocks extended gains on Friday, rising toward this week's 7-1/2 month high after better-than-expected U.S. employment data reinforced investors' hopes that the world's biggest economy has passed its worst.
IBTimes Logo

UK's PM seeks to save government with reshuffle

British Prime Minister Gordon Brown backed down from replacing his finance minister on Friday in a bid to hold his government together and end a political crisis that has knocked sterling.
IBTimes Logo

Clean energy depends on wider economy growth

Clean energy has strong guaranteed government backing in long-term subsidies but its future growth hinges on wider economic recovery and European targets are in doubt, senior energy executives told Reuters Energy Summit.
IBTimes Logo

Daily Commentary - 05/06/2009

The Aussie dollar held firm in local trade yesterday despite a massive and unexpected turnaround in the countries trade balance.
IBTimes Logo

Stocks, oil rise ahead of U.S. jobs data

World stocks rose toward this week's 7-1/2 month high on Friday as resource stocks rallied after oil prices surged past $69 a barrel and optimism grew about an improving U.S. labor market ahead of key jobs data.
IBTimes Logo

Asia shares, oil gain, but wary ahead of U.S. jobs

Asian shares, oil and higher-yielding currencies rose on Friday as hopes for a global economic recovery drove up appetite for riskier assets, but traders were cautious ahead of U.S. monthly job data.
IBTimes Logo

U.S. hopes Iran vote will end holding pattern

Whatever the outcome of Iran's June 12 presidential election, the Obama administration hopes Tehran will then end months of stalling and respond to Washington's overtures for better relations.
IBTimes Logo

British and Dutch vote for European Parliament

Voting began in Britain and the Netherlands Thursday in a European Parliament election which is expected to punish governments that have struggled to cope with the global economic crisis.
IBTimes Logo

ECB holds rates at 1 percent, to detail bond plan

The European Central Bank kept its interest rates on hold on Thursday, and markets are turning their attention to the details of its covered bond purchase plan and any clues on whether rates may yet be cut further.
IBTimes Logo

Chinalco may revise Rio deal before deadline: sources

Chinese state-owned metals firm Chinalco may revise its planned $19.5 billion investment in miner Rio Tinto before a June 14 deadline to avoid further delays in Australian government approval, two sources close to the deal said on Thursday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.