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UK banks have $5 bln exposure to Dubai World: report

Four British banks have a $5 billion combined exposure to Dubai World, making them the biggest foreign creditor group at the Dubai state-owned conglomerate, the Financial Times said on Thursday.

Stock index futures signal gains; BoA eyed

U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.62 percent, Dow Jones futures up 0.47 percent and Nasdaq 100 futures up 0.52 percent at 0900 GMT (4 a.m. EST).

Oil higher but inventories, spreads worry

U.S. crude futures edged higher Thursday after slipping 2.3 percent a day earlier on a larger-than-expected build in U.S. crude inventories.

Dubai World crisis to slow UAE recovery: IMF

The International Monetary Fund expects to cut its 2010 growth forecast for the United Arab Emirates as economic activity slows due to the debt woes of state-owned Dubai World, a top IMF official said on Wednesday.

More news

Banks, oils pull FTSE down 0.4 pct by midday

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.

Yen extends post-BOJ slide, dollar holds ground

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.

Key political risks to watch for W.Europe markets

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 drift higher, focus on data

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 shares edge lower; financials weigh

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 lenders to meet firm next week: exec

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 sets new record, risk appetite boosts shares

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 sets new record, risk appetite helps global stocks

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.

Daily Wrap Up - Dec 1

GM's Quick Replacement; Stocks Hit High; Stimulus Withdrawal Timing Key

Iran warns to prosecute 5 UK sailors

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.

Dow hits 14-month high on data, dollar and Dubai

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.

Dow hits 14-month closing high on recovery bets

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.

Mid-Day Minute - Dec 1

U.S. Housing Still Growing; Kraft Still the Favorite; Dubai Crisis Ups Risk Awareness

Stocks jumps as housing data, dollar help

U.S. stocks climbed on Tuesday as a weak dollar boosted natural resource companies' shares and housing data reassured investors about the recovery.

EU carbon futures rise as oil firms

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.

Dubai ruler plays up strength as Gulf markets fall

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.

CORRECTED: Dubai ruler plays up strength as Gulf markets fall

Housing data and weaker dollar lift markets

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.

Stocks rally on housing data, weaker dollar

U.S. stocks rose on Tuesday as data reassured investors about the state of the housing market, considered one of the biggest drags on a recovery, while a weak dollar boosted commodity prices.

Wall St. rallies on housing data, weaker dollar

U.S. stocks rose on Tuesday as data reassured investors about the state of the housing market, considered one of the biggest drags on a recovery, while a weak dollar boosted commodity prices.

Market jumps on commodity boost, recovery hope

U.S. stocks rose on Tuesday, boosted by a run-up in the shares of natural resource companies, as economic data reinforced recovery hopes and U.S. dollar weakness lifted global commodity prices.

Dubai crisis to shape 2010 global risk mindset

Dubai's debt crisis may not sow lasting global contagion, but it may colour a 2010 investment landscape where asset managers will likely differentiate more between risks rather than embracing them indiscriminately.

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