BERLIN (Reuters) – The board of German sportswear company Adidas has launched a formal search for a successor to long-serving Chief Executive Herbert Hainer, who has faced calls from some investors to step down after his contract was extended to 2017. Hainer, in the job since 2001 and the longest-serving CEO of a German blue-chip Read More
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European stock markets closed mixed on Tuesday as fears over Greece’s debt problems continued to make investors nervous. The pan-European Euro Stoxx 600 index (^STOXX) ended flat, off session lows at 376.5. The Athens Stock Exchange closed down more than 2 percent with Bank of Piraeus (Athens Stock Exchange: TPEIR-GR), the National Bank of Greece Read More
European markets ended slightly lower Monday as investors focused on fresh Russian sanctions from the European Union and negotiations between Greece and the rest of the euro zone over its debts. The pan-European Euro Stoxx 600 Index (^STOXX) started the week on a cautious note, closing 0.11 percent lower. Greece has dominated European markets in Read More
By Nigel Stephenson LONDON (Reuters) – Global shares hit their highest since September and the euro firmed on Monday with investors cautiously optimistic euro zone finance ministers would reach a deal to shore up Greece’s dwindling finances. The prospect that Greece and its partners will find common ground in talks later in the day and Read More
[unable to retrieve full-text content] European equities ended higher Friday with investor sentiment boosted by better-than-expected growth numbers.
Happy Friday the 13th! Let’s cut to the chase: here are three things you need to know ahead of the last trading day of the week. Superstition be damned, today is all about hope over experience in Europe where the German DAX (^GDAXI) hit record highs and punched over 11,000 for the first time ever. Read More
By Lionel Laurent LONDON (Reuters) – A forecast-smashing growth reading from Germany sent stock markets higher and low-rated bond yields lower on Friday, putting global equities on track for a second straight week of gains. The euro edged higher, on course for a third week of gains – its best performance in just under a Read More
Deep-pocketed investors believe U.S. stocks will be the best place to put money this year. So far, they’ve been wrong. In fact, the domestic market has underperformed most other global indexes, particularly those in Europe and Asia, as the U.S. Federal Reserve gets set to tighten monetary policy while its global counterparts are opening the Read More
Deep-pocketed investors believe U.S. stocks will be the best place to put money this year. So far, they’ve been wrong. In fact, the domestic market has underperformed most other global indexes, particularly those in Europe and Asia, as the U.S. Federal Reserve gets set to tighten monetary policy while its global counterparts are opening the Read More
By Jamie McGeever LONDON (Reuters) – A ceasefire between Russia and Ukraine and a surprisingly aggressive stimulus from Sweden’s central bank injected life into world markets, which had been numbed by a stalemate between Greece and its euro zone creditors. Europe reversed opening losses, also taking heart from a broadly positive raft of reports on Read More