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- Markets worldwide fall on euro fearsThu, May 24, 2012GLOBAL STOCKS fell again as euro zone leaders prepared to meet in Brussels amid growing fears that Greece may leave the currency bloc. The euro fell to a 21- month low against the US dollar.
- Shareholders sue over Facebook IPOWed, May 23, 2012Facebook and banks including Morgan Stanley are being sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 billion initial public offering.
- Euro falls on talk of Greek 'exit'Wed, May 23, 2012The euro fell to under $1.26 and European stocks declined as investors shunned riskier assets on worries about Greece's possible departure from the euro zone, which would deepen the region's debt crisis and hurt an already fragile global economy.
- Xstrata takes punt on copper market recoveryWed, May 23, 2012GLOBAL MINER Xstrata is betting sluggish copper demand in China will pick up in the second half as it makes plans to boost production of the metal by 60 per cent, shrugging off more cautious approaches by rivals.
- Smartphone demand boosts Best Buy resultsWed, May 23, 2012BEST BUY, the largest US consumer electronics retailer, reported first-quarter profit that exceeded analysts’ estimates, helped by demand for smartphones.
- Fewer hit 'like' button on Facebook sharesTue, May 22, 2012FACEBOOK SHARES sank in the first day of trading without the full support of the company’s underwriters, leaving some investors down almost 25 per cent from where they were on Friday and driving others to switch back to more established stocks.
- European stocks rebound after retreatTue, May 22, 2012EUROPEAN equities rebounded yesterday, as investors saw value after a steep retreat to a five-month lows and G8 leaders vowed to combat financial turmoil and avoid a disintegration of the euro zone. Markets were also buoyed by China’s pledge to boost growth.
- JP Morgan halts daily stock repurchaseTue, May 22, 2012JP MORGAN Chase and Co suspended its daily stock repurchase program because the bank needs the money to meet international capital rules, not because of trading losses, chief executive Jamie Dimon said.
- Alibaba to buy back half of Yahoo's 40% stakeTue, May 22, 2012CHINESE INTERNET entrepreneur Jack Ma’s Alibaba Group is buying back up to half of Yahoo’s 40 per cent stake for $7.1 billion in a deal that moves the Chinese e-commerce leader closer to a public listing.
- European shares at new 5-month lowMon, May 21, 2012European shares hit a fresh five-month low today after losing more than 5 per cent last week as investors remained jittery about the ability of Greece and Spain to deal with their debt problems and due to concerns about the banking sector.
- StocktakeMon, May 21, 2012 Ignore hype over Facebook flotation
- Investors flee to safe haven assets, wiping 2012 gainsSat, May 19, 2012WORLD STOCKS erased the year’s gains yesterday as investors fled risky investments for safe-haven assets on concerns about the euro zone’s deepening debt woes, while US stocks lost ground after the market debut of social network Facebook.
- LSE's expansion drives 35% surge in earningsSat, May 19, 2012THE LONDON Stock Exchange yesterday reported that full-year profits had risen a third as it expanded through acquisitions and focused on new markets such as clearing and technology sales.
- Graff plans $1bn listing in Hong KongSat, May 19, 2012GRAFF DIAMONDS will market shares for its $1 billion (€786 million) listing in Hong Kong in a range of HK$25-HK$37, people familiar with the process said yesterday.
- Stocks head for worst week in monthsFri, May 18, 2012European stocks dropped this morning, on course for their biggest weekly sell-off since September, amid signs of slowing growth in China and after Moody's Investors Service downgraded Spanish lenders.
- Investor alarm over Spanish banksFri, May 18, 2012STOCKS FELL yesterday as the European Central Bank (ECB) halted lending to some Greek financial institutions and fears of a run on Spain’s Bankia sparked a further bout of nerves among investors.
- HSBC doubles revenue boost from savings planFri, May 18, 2012HSBC HAS doubled the annual revenue boost expected from its turnaround plan to $2 billion, as Europe’s biggest bank picks 22 markets to drive its growth while eyeing more cost cutting to cope with new regulations in the wake of the financial crisis.
- Facebook IPO price at $38 a shareFri, May 18, 2012FACEBOOK SET the final price of shares in its initial public offering (IPO) at $38 (€29.94) last night, the top of the price range it gave earlier, as investors clamoured to buy into the social network.
- Euro nears four-month lowsThu, May 17, 2012The euro slipped to near four-month lows and European shares extended their losing streak today, as investors avoided riskier assets due to the deepening turmoil in Greece and fears of contagion spreading to other stressed euro zone economies.
- European equities down for third dayThu, May 17, 2012THE THREAT of an excruciatingly slow collapse of the euro zone continued to weigh on equity markets across Europe yesterday, as a brief rally gave way to weaker sentiment at the close of markets.
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