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HONG KONG — Asian shares slipped on Wednesday but the euro held onto recent gains amid hopes of European Central Bank action to rein in surging eurozone borrowing costs and ahead of talks on debt-ridden Greece.
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MOSCOW — Russia on Wednesday crowned a tortuous 18-year campaign by becoming the largest country outside the World Trade Organization (WTO) to formally join the world’s premier free trade club.
LONDON - European shares retreated on Wednesday in a technical sell-off, with analysts saying that expectations of more stimulus measures by central banks were largely priced in and investors were waiting for fresh catalysts to push the market to new highs.
HONG KONG — Asian stocks fell after Japan reported on Wednesday that it fell back into a trade deficit last month because of languishing exports and as investors watched for progress on bailout conditions for Greece by eurozone policymakers.
HONG KONG - China Telecom Corp Ltd , the smallest of the country’s three carriers, posted a 10 percent drop in quarterly net profit on Wednesday, its biggest decline since the second quarter of 2010 mainly due to higher handset subsidies.
SINGAPORE - London copper eased on Wednesday from a one-month high that was hit in the previous session as jittery investors turned defensive ahead of results from BHP Billiton Ltd that are expected to cast fresh light on slowing growth in top metals consumer China.
SINGAPORE - Gold on Wednesday hovered near a 3-1/2 month high hit in the previous session, as investors remained hopeful the European Central Bank would soon take action to contain the region’s debt crisis.
Europe’s leaders are gearing up for a high-stakes week of financial diplomacy that could determine Greece’s future — and the stability of the 17 countries that use the euro.
LONDON - Gold prices rose on Tuesday as the dollar hit its lowest in nearly two weeks against the euro and stock markets rallied, while platinum held near two-month highs as unrest simmered at a mine in major producer South Africa.
Copper edged up on Tuesday amid hopes that a strategy being drawn up by the European Central Bank will help alleviate the euro zone debt crisis, although prices look set to stay in a tight range as investors wait for more trading cues.
