Global equity markets will consolidate gains this summer with chartists predicting that a sharp rise since March has run its course for now, but technical signals have set the stage for another rally into year-end.
World stocks pushed up to 9-month highs on Friday, cutting demand for government bonds as euro zone manufacturing and services reports beat expectations, fuelling optimism about economic recovery.
Vodafone , the world's largest mobile phone firm by revenues, reported a slight decline in organic sales, in line with muted market expectations, as strength in India and Africa compensated for European weakness.
The Internet in China needs to be administered by additional laws because what was once a virtual world is now a substantial part of the real one, ChinaDaily reported on Thursday citing a senior government official.
The Australian Dollar opens in familiar territory on Friday at 0.8120 against its US counterpart.
The Australian Dollar opens largely unchanged at 0.8160 after the domestic market's insipid reaction to yesterday's local inflation data which picked up in the June quarter by 0.5 per cent for a lower annualised reading of 1.5 per cent. With the CPI rate beneath the Reserve Bank's target range of 2-3 per cent, the door remains open for another interest rate cut should the need arise.
Better-than-expected company results, improving French business confidence and a pick-up in UK retail sales offered some evidence on Thursday that stimulus spending was helping to ease the global economic downturn.
Weak prices and sagging demand could see gas supply most of Britain's electricity well into winter, sidelining coal plants and cutting Britain's carbon emissions as a welcome side effect.
The Australian Dollar opens largely unchanged at 0.8160 after the domestic market's insipid reaction to yesterday's local inflation data which picked up in the June quarter by 0.5 per cent for a lower annualised reading of 1.5 per cent.
Japan hinted on Wednesday it might do more to ease credit and Britain awaits more data before doing the same, while disappointing earnings from Morgan Stanley and Wells Fargo tempered optimism Wall Street can extend its recent rally.
The fate of billions of pounds of British commercial property is in the hands of a small group of secretive administrators, leaving investors in the dark about the future returns on their bonds.
Middle East analysts from London-based risk consultancy Exclusive Analysis answer emailed questions about Iran, Saudi Arabia and UAE.
The Australian Dollar opens largely unchanged on Wednesday at 0.8160 and is pausing for breath after six days of steady gains versus its US counterpart. During the domestic session on Tuesday, the Aussie traded as high as 0.8178 after the minutes of the RBA's July 7 board meeting painted a picture of an economy in recovery mode.
Warnings that the world economy still faces a rocky road tempered market enthusiasms on Wednesday, with Japan indicating it might need to do more to ease credit pressures and Britain biding its time.
Susan Boyle, a singer who became a global star with a show-stopping performance on Britain's Got Talent, has said in a television interview that her sudden fame was like a demolition ball.
The Australian Dollar opens at 0.8150 after another session of increased risk appetite in which equities and commodities all posted gains.. In offshore trade the Aussie climbed steadily and hit a high of 0.8174. Boosting sentiment was news that New York-based lender CIT Group Inc approved a US$3 billion loan from a group of its bondholders.
We chose Bermuda with its British past and multicultural present for our honeymoon. Bermuda is a bit off the norm. You can't camp nor drive a car, but you can rent a motor scooter.
Only children from the richest British families can enjoy careers in top professions like law and medicine because of increasingly impenetrable social barriers, a government-commissioned report said on Tuesday.
Auto companies posted steep losses and poor outlooks for the industry on Tuesday, suggesting recovery is some way off despite improving economic data and a stock market rally toward nine-month highs.
As the auto industry race twists and turns over which metal to use in electric cars, the first lithium-powered sports car has hit the streets of Europe.
Warner Music Group, the world's third largest music company, is still in talks with video sharing site YouTube to license its artists' music videos even after all its major rivals have renewed their deals.
Halliburton Co., the second largest oil services firm in the world, reported its second quarter net profit fell $262 million. Nissan said it will invest near $700 million in two plants to make batteries for EVs. Tuvalu said it will power its economy hundred percent with renewable energy sources by 2020.
