French retail and luxury goods group PPR raised 806 million euros ($1.22 billion) from the oversubscribed listing of its Africa-focused CFAO unit, France's biggest public share offering in two years.
Iran released five Britons detained in the Gulf after their yacht apparently strayed into Iranian waters, Britain said Wednesday, averting a diplomatic row on top of Iran's disputes with the West over its nuclear program.
Government-owned Dubai World will meet its main creditors next week to discuss a request to delay payment on $26 billion in debt that has shaken global markets and confidence in the Gulf Arab business hub.
The yen weakened broadly on Wednesday as traders took Japan's new monetary policy measures as a cue to sell, while mixed signals from stocks and commodities kept the dollar in check.
Britain's top share index shed 0.4 percent by midday on Wednesday, with falls by banks and oils offsetting gains by miners, Vodafone (VOD.L) and some defensives.
The yen weakened broadly on Wednesday as traders took Japan's new monetary policy measures unveiled the previous day as a cue to sell, while mixed signals from stocks and commodities kept the dollar in check.
Contagion from emerging markets Ukraine and Dubai, debt in the eurozone's weakest economies, British politics, climate talks in Copenhagen and tensions with Tehran could all affect Western European markets in December.
World stocks ticked higher on Wednesday with anxiety over Dubai's debt problems taking a backseat and focus shifting to this week's economic numbers and the European Central Bank's rate meeting.
European equities edged lower on Wednesday after their biggest one-day gain in more than 4 months in the previous session, as a decline in banking stocks offset higher pharma and food shares.
Dubai World's creditors have formed a committee comprising six banks that will meet with the troubled state-controlled conglomerate next week, a bank executive familiar with the matter said on Wednesday.
Gold scaled another all-time high above $1,200 an ounce on Wednesday, helped by a weaker dollar as it lost some of its safe-haven appeal due to upbeat U.S. home sales and renewed appetite for riskier assets.
Gold surged to an all-time high above $1,200 an ounce on Wednesday, hitting a record for a second straight day, and Asian stocks advanced as investors chased riskier assets offering higher returns.
GM's Quick Replacement; Stocks Hit High; Stimulus Withdrawal Timing Key
Iran warned Tuesday that it will prosecute five detained British sailors if it is proven they had intentions to violate the national security” of Iran.
The Dow Jones industrial average climbed to its highest close in 14 months on Tuesday as a weak dollar boosted natural resource companies' shares and economic data reinforced hopes for a sustainable recovery.
U.S. stocks rose on Tuesday, sending the Dow Jones industrial average to its highest close in 14 months, as a weak dollar boosted natural resource companies' shares and housing data reassured investors about the recovery.
U.S. Housing Still Growing; Kraft Still the Favorite; Dubai Crisis Ups Risk Awareness
U.S. stocks climbed on Tuesday as a weak dollar boosted natural resource companies' shares and housing data reassured investors about the recovery.
The benchmark contract for European Union carbon emissions futures rose two percent on Tuesday after a fairly steady morning's trade as oil prices firmed, traders said.
Gulf markets dropped again on Tuesday, taking little comfort from Dubai World's plan to restructure about $26 billion of debt and despite reassurances on economic resilience from the rulers of Abu Dhabi and Dubai.
Gulf markets dropped again on Tuesday, taking little comfort from Dubai World's plan to restructure about $26 billion of debt and despite reassurances on economic resilience from the rulers of Abu Dhabi and Dubai.
Stocks gained on Tuesday as a weak dollar lifted commodity prices and home sales data reassured investors about the state of the housing market, considered one of the biggest drags on a recovery.
