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HuaweiLONDON - A rally by recently hard-pressed banking stocks led a bounce back by Britain’s top share index on Wednesday, snapping a four-session losing streak, although low volumes indicated some fragility ahead of another key EU summit.
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LONDON - European shares gained on Wednesday, with some investors closing their short trading positions ahead of this week’s European Union summit to protect themselves from possible losses in case of a positive annoucement.
US state and federal laws enacted to protect homeowners from eviction in the wake of the 2008 housing crash may be extending the slump, according to a growing number of economists and industry experts.
NEW YORK - Morgan Stanley was quick to dismiss suggestions its status as the king of initial public offerings for Silicon Valley was under threat because of the botched Facebook Inc IPO last month. And that confidence may warranted.
Gold prices eased in Europe on Wednesday, pressured by the softer tone to the euro and other commodities like crude oil, as expectations faded that this week’s European Union summit would do much to ease the euro zone debt crisis.
Asian markets rose Wednesday thanks to a positive lead from Wall Street, but gains were capped by lingering doubts about an upcoming European Union summit aimed at tackling the eurozone debt crisis
Confederation of Indian Industry, or CII, in cooperation with Afghan investment and business organisations is organising the ‘Delhi Investment Summit on Afghanistan,’ on June 28 in New Delhi.
OCA Ventures, a leading US technology venture capital firm, which is exploring opportunities in the UAE, said on Monday that it would be seeking to bridge the gap between US innovation and commercial opportunities in UAE.
The number of trade licences issued by the Department of Economic Development, or DED, in May 2012 reached 1,542, an increase of 14 per cent over the same period in 2011. The tourism sector accounted for the highest increase in number of licences at 57 per cent, followed by the professional (19 per cent) and commercial (13 per cent) sectors.
Top eurozone finance ministers meet in Paris on Tuesday in whirlwind efforts to ensure that a summit this week launches the EU towards far greater integration and stops debt contagion from Spain.