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HuaweiWorld markets rose cautiously Tuesday as uncertainty reigned over whether Europe’s plan to rescue Spain’s ailing banks would be enough to prevent the continent’s debt crisis from infecting other economies, like Italy.
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NEW DELHI — India’s industrial output grew just 0.1 percent in April year-on-year, official data showed on Tuesday, adding to concerns about the economy and raising the chances of an interest rate cut next week.
European shares rose in choppy trade on Tuesday, with concerns about knock-on effects from Spain’s banking rescue and unease ahead of Greek elections prompting investors to take refuge in defensive plays such as food and utilities stocks.
Gold eased below $1,590 an ounce on Tuesday as concerns over the efficacy of the weekend aid package for Spain’s banks and upcoming elections in Greece eroded confidence in the outlook for the euro, and as hopes for fresh US monetary easing faded.
India’s industrial output grew just 0.1 percent in April year-on-year, official data showed Tuesday, adding to concerns about the economy and raising the chances of an interest rate cut next week.
U.S. companies are finding it more difficult to grow their revenue now than at just about any time since the financial crisis.
Bankrupt photography giant Kodak said it has started moves to auction more than 1,100 patents by filing a motion late Monday for approval for a blind bidding process.
Opec ministers gather this week in Vienna to review group’s oil output levels against the backdrop of a weak global economy, fragile demand and oversupply.
Even as the global economic community hailed an agreement to rescue Spain’s stricken banks, there was concern in Rome on Sunday that investors could now begin treating Italy as the next weak link in the eurozone.
DUBAI - Kuwait’s Global Investment House, which is undergoing its second debt restructuring in three years, won approval from bondholders to delay payments on KD95 million ($339 million) of debt, it said in a statement on the Dubai bourse on Sunday.