Shares, euro jump after Chinese rate cut 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.
Gold holds near $1,620/oz ahead of Fed testimony LONDON - Gold prices held near $1,620 an ounce on Thursday as investors geared up for a statement from US Federal Reserve Chairman Ben Bernanke later, which will be closely watched for clues as to the future direction of US monetary policy.
UK wants safeguards if euro zone forges bank union LONDON - Britain will demand safeguards to protect its financial sector if the euro zone forms a banking union, its finance minister said on Thursday, placing another obstacle in front of the European Central Bank’s efforts to fix a deepening debt crisis.
Google keeps EU regulator waiting on concessions BRUSSELS - Google has yet to offer EU regulators concessions to address concerns it may have abused its market dominance, the EU’s antitrust chief said on Thursday, raising the prospects of a bruising battle between the two sides.
Merkel urges ‘political’ union to lead Europe out of crisis BERLIN — German Chancellor Angela Merkel pushed for a stronger European political union Thursday amid growing international calls for action as fears of a Spanish banking meltdown fuelled the eurozone crisis.
Soy up for 2nd day on tight supply; wheat rebounds SINGAPORE/PARIS - Chicago soybeans gained more than 1 percent on Wednesday, rising for a second straight session, with support from tightening South American supplies and a lower-than-expected rating for the US crop.
Air India to get three Boeing Dreamliners this month Air India is expected to take delivery of three Dreamliner aircraft from Boeing Co (BA.N) this month, civil aviation minister Ajit Singh said, after the two companies agreed on a compensation package for the delayed order.
Nokia unveils cheap touch screen models Struggling mobile phone firm Nokia unveiled on Wednesday its first three basic phone models with large touch screens, filling a gap in its suite of products.
Corruption linked to Europe debt crisis: watchdog European governments struggling the most with their finances are also the most corrupt, with Greece, Italy, Portugal and Spain doing the least to fight corruption, campaigners said Wednesday.
Lubna addresses Arab Australian Forum in Sydney SYDNEY - The Minister of Foreign Trade Shaikha Lubna bint Khalid Al Qasimi has stressed that the UAE had succeeded in building strong commercial and economic ties and successful partnerships with a large number of countries worldwide.