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HuaweiGold prices recovered much of their early losses on Monday as appetite for higher-risk assets, which followed a victory for pro-bailout parties in Greek elections, dwindled and the euro and Spanish and Italian stocks and bonds fell.
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The catering unit of Saudi Arabian Airlines is seeking to raise 1.3 billion riyals ($350 million) by floating 30 percent of its shares, the prospectus showed as the initial public offer opened to retail investors on Monday.
Asian markets surged Monday and the euro rose after pro-austerity parties came out on top in Greek elections, easing but not ending concerns over whether the country will stay in the single currency.
The International Monetary Fund and the European Union pledged support to the next Greek government on Sunday after parties that supported an IMF and EU-led bailout won a pivotal election.
Parties supporting a bailout saving Greece from bankruptcy won a slim parliamentary majority on Sunday, beating radical leftists who rejected austerity and bringing relief to the euro zone which was braced for fresh financial turmoil.
Barack Obama heads to the G-20 summit on Sunday, in the knowledge that his presidency may depend on swift, sweeping action by his European counterparts to contain their financial contagion.
Microsoft is gearing up to unveil its own tablet to boost its new Windows 8 operating system and counter Apple’s hot-selling iPad, according to media reports on Friday.
WASHINGTON - The International Monetary Fund has agreed that it would only draw on the $430 billion in extra resources committed by member countries to fight the global economic crisis once it has tapped existing funds.
MILAN/ROME - Italy is again flirting with economic disaster, Prime Minister Mario Monti said, as huge crowds massed in Rome in protest at his austerity measures a day ahead of an election in Greece that threatens to destabilise the whole eurozone.
LONDON - The dissolution of the Egyptian parliament elected after last year’s overthrow of veteran president Hosni Mubarak has alarmed investors who fear the country will now hurtle towards a balance of payments crisis and currency collapse.