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HuaweiEuropean stocks rose in early trade on Friday as bargain hunters jumped in following a sharp three-session drop, betting that euro zone finance ministers will agree to double the region’s bailout funds in a meeting later in the day.
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London copper climbed on Friday, tracking strength in equity markets, and prices were headed for a more than 10 percent quarterly gain, although an early advance this year has been pinned back by sluggish demand growth in top consumer China.
PARIS - France beat its deficit-cutting target for 2011 and saw higher-than-expected consumer spending in February in a boost for President Nicolas Sarkozy’s government three weeks from a presidential election.
France’s Total is laying plans including a helicopter water drop, fire-fighting vessels and spraying nitrogen to extinguish a flare on its Elgin North Sea gas platform that is leaking explosive clouds of gas, the UK energy department said.
BANGKOK — Asia’s major stock markets were mostly lower Friday as nervous investors turned their focus to China after digesting a report showing a slowdown in Japanese industrial production. European shares, though, headed higher.
LONDON - Iran is helping its ally Syria defy Western sanctions by providing a vessel to ship Syrian oil to a state-run company in China, potentially giving the government of President Bashar al-Assad a financial boost worth an estimated $80 million.
Leading Indonesian political parties said on Friday they will oppose a government plan to raise fuel prices unless oil prices climb further, dealing a blow to the ruling party’s efforts to control a swelling budget deficit in Southeast Asia’s largest economy.
· U.S. stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.2 percent at 1007 GMT.
Abu Dhabi’s Gulf Credit Partners, the regional credit business, which was recently launched by Gulf Capital, has successfully completed $25 million credit transaction, its first financing transaction for a locally based company SES FZCO.
Agthia Group, a leading food and beverage company, on Thursday posted net sales of Dh1.14 billion, a 14 per cent year on year growth.