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HuaweiHONG KONG — The Hong Kong stock exchange said on Friday it had entered into an agreement to buy the London Metal Exchange (LME) for a total of £1.39 billion ($2.15 billion).
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BANGKOK — World stock markets rose on Friday amid expectations that central banks will act to prevent the outcome of Greece’s election this weekend from destabilizing the global economy.
LONDON - Gold prices held firm above $1,620 an ounce in Europe on Friday as caution ahead of Greek elections this weekend, which could determine its continued membership in the euro zone currency bloc, kept buyers on the sidelines.
LONDON - A rally by risk-sensitive bamks and commodity stocks drove Britain’s leading share index higher on Friday, as investors’ risk appetite returned on the possibility of further stimulus measures by central banks to tackle the euro zone debt crisis.
LONDON - European shares rose on Friday as expectations that central banks would intervene to deal with the risk of a Greek exit from the euro zone led to a recovery in financial stocks, which have fallen sharply on worries over their exposure to Greece.
LONDON — Britain has stepped up its action against the eurozone crisis by agreeing to offer billions of pounds in cheap loans to British banks, in co-ordinated action that took markets by surprise.
World stock markets dropped and Spain’s borrowing costs shattered euro-era records on Thursday after Moody’s slashed the country’s credit rating, heaping more pressure on the embattled eurozone.
HONG KONG — Asian markets mostly fell on Thursday as dealers followed losses on Wall Street while selling pressure was also stoked by fears over Spain and nervousness ahead of Greek polls at the weekend.
LONDON - Gold rose above $1,620 an ounce on Thursday, extending four sessions of gains, as the euro held its ground against the dollar in choppy trade ahead of this weekend’s Greek elections, with a surge in Spanish borrowing costs stoking risk aversion.
FRANKFURT - Deutsche Bank thinks it is unlikely that elections in Greece this weekend will lead the heavily-indebted country to leave the euro, the chief financial officer of Germany’s biggest bank said on Thursday.