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HuaweiDUBAI — Qatar’s state budget surplus narrowed to 2.9 per cent of quarterly economic output in the third quarter of its 2011-12 fiscal year, as revenue dropped compared with the previous three months while spending took off, data showed on Thursday.
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LONDON - European shares retreated from one-week highs on Friday as hopes for more global stimulus faded and data disappointed, with cyclical shares such as banks and miners that suffer in a difficult economic environment featuring among the top losers.
ATHENS - Greece’s economy shrank further in the first three months of 2012, shrivelling at a yearly rate of 6.5 percent against a backdrop of painful wage cuts, tax hikes and record unemployment.
Asian markets fell Friday as European debt woes and disappointment at US Fed chief Ben Bernanke’s failure to commit to any new stimulus measures overshadowed a surprise Chinese interest rate cut.
LONDON - Gold fell on Friday, extending losses from the previous day when the U.S. Federal Reserve gave no hint of plans for an imminent stimulus to the economy, disappointing investors and dampening the metal’s appeal as a hedge against monetary easing.
Asian stock markets fell on Friday, deflated after US Federal Reserve Chairman Ben Bernanke gave no hint of immediate action to jump-start growth in the world’s No. 1 economy.
Gold fell more than 1 percent on Friday, extending a sell-off from the previous session when the US central bank chief gave no hint on imminent stimulus, disappointing investors and dampening the appeal of gold as a hedge against monetary easing.
Scandal-hit Japanese camera and medical equipment maker Olympus said it will cut about seven percent of its workforce — and book a profit this year — as it tries to recover from a loss cover-up scandal.
LONDON — Global markets rose on Thursday, boosted by China’s decision to cut interest rates, hopes that the Federal Reserve will consider new support for the U.S. economy and speculation Europe is preparing to give Spain financial aid.
LONDON - World shares hit their highest level in a week on Thursday and the euro jumped after China cut interest rates for the first time in four years, boosting speculation the United States might also embark on a monetary stimulus.