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HuaweiLONDON - Britain’s leading shares were flat at midday on Wednesday, recovering from losses in a rally led by energy stocks as crude prices rose and Wall Street was indicated to open higher.
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LONDON - Copper was largely flat on Wednesday, subdued by worries about a global slowdown following a weak start to the U.S. corporate earnings season and amid protracted sovereign debt problems in Europe, while traders awaited key economic data from top metals consumer China later this week.
LONDON - A panel of UK lawmakers will question Adair Turner, the head of Britain’s financial regulator, as well as Barclays’ former chief operating officer, Jerry del Missier, on Monday in the Libor interest rate rigging scandal.
PARIS — French automaker Renault on Wednesday said global sales in the first six months of 2012 fell 3.3 percent year-on-year to 1.33 million vehicles, mainly due to poor business in Europe.
LONDON - Concerns over Europe’s sluggish response to the ongoing debt crisis sent 10-year German bond yields to fresh lows on Wednesday while demand for stocks less exposed to the looming global growth slowdown lifted equity markets.
MADRID — Spain’s government imposed further austerity on the country Wednesday as it unveiled sales tax hikes and spending cuts aimed at shaving (euro) 65 billion ($79.85 billion) off the state budget over the next two and a half years.
AMSTERDAM — Global stock markets struggled Wednesday, as Europe’s debt crisis rolls on and investors brace themselves for mediocre second-quarter corporate profits.
Asian markets ended mixed on Wednesday, trimming earlier losses sparked by a decline on Wall Street and concerns about Italy’s finances that stoked fresh fears about the eurozone.
Asia’s biggest exporters showed further signs of slowing down in data published on Monday, signalling a fresh slide in global demand, as two top US Federal Reserve officials said they favoured easing monetary policy to boost growth.
Qatar’s budget surplus more than tripled to QR44.5 billion ($12.2 billion) in the fiscal year ended in March, double the original plan and helped by booming revenues from liquefied natural gas, or LNG, a prospectus for the country’s potential Islamic bond issue showed on Monday.
