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HuaweiLONDON - European shares and commodities rose on Thursday after China surprised markets by cutting its key interest rates and the European Central Bank followed with a widely-expected rate cut to tackle a downturn in economic activity.
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HONG KONG — Asian markets were mixed Thursday as investors took to the sidelines following recent gains and waited for a European Central Bank meeting amid expectations of an interest rate cut.
TOKYO — Moody’s on Thursday upgraded its rating on Nissan Motor, citing its profitability and global market position after the automaker bucked a trend of falling profits among Japanese car giants.
LONDON/SHANGHAI - Copper rose on Thursday after China trimmed interest rates, but the move was tentative ahead of a European Central Bank meeting that is expected to cut rates and may revive stimulus measures that could boost economic growth and metals demand.
MADRID — Spain paid sharply higher borrowing costs on key 10-year bonds Thursday, a sign that a European Union deal to tackle the eurozone crisis has failed to calm investors’ nerves.
NEW DELHI - Major global companies consider India their third most favoured destination after China and the United States, a UN report said on Thursday, and investment inflows could increase by more than 20 percent both this year and next.
FRANKFURT, Germany — The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75 percent to boost a eurozone economy weighed down by the continent’s crisis over too much government debt.
LONDON - Britain’s top share index extended gains after a surprise move by China to cut interest rates, which overshadowed the widely-expected quantative easing programme announced by the Bank of England and a rate cut by the European Central Bank.
NEW DELHI - Major global companies consider India their third most favoured destination after China and the United States, a UN report said on Thursday, and investment inflows could increase by more than 20 percent both this year and next.
Apple is preparing to launch a smaller tablet computer in the coming months in a bid to maintain its edge in an increasingly crowded market, the Wall Street Journal reported .