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PARIS - European planemaker Airbus suffered a fresh setback to its largest twin-engined jet development, the A350-1000, when it emerged that Gulf carrier Etihad had cancelled seven aircraft worth $2.3 billion at current list prices.
LONDON — Greek election results reignited concerns over the country’s ability to stave off bankruptcy, though losses elsewhere were trimmed on hopes that France’s new president may prompt a change in Europe’s strategy to fight the debt crisis.
NEW YORK - The S&P 500 and Nasdaq were little changed Monday, rebounding from steep losses early in the session after election results in Europe clouded the region’s outlook as it grapples with a financial crisis.
LONDON - Gold eased on Monday after elections results in France and Greece that reflected strong anti-austerity feeling raised concerns over the euro zone’s ability to battle its debt crisis, knocking the euro to a three-month low against the dollar.
LONDON - Euro zone blue chips turned positive by mid-session on Monday, bouncing back from oversold territory after a knee-jerk reaction to French and Greek elections results sent the market to 4-1/2 month lows in early trade.
NEW DELHI - India delayed by a year the rollout of measures to crack down on tax evasion, mollifying overseas investors rattled by uncertainty over proposals that had spurred an exodus of funds and battered the rupee.
World stocks fell and the euro wavered on Monday on renewed uncertainties in the eurozone after voters in Greece and France turned against German-led austerity.
Oil slid below $98 a barrel Monday in Asia, bringing its fall over three trading days to about 7 percent, as a slowdown in U.S. hiring and election results in Europe dimmed expectations of stronger economic growth.
Renewed uncertainty over Europe’s ability to deal with its spawning debt crisis following elections in Greece and France hammered stock markets Monday, with the main exchange in Athens down a massive 8 percent.