By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks and the euro fell on Thursday as markets erred on the side of caution over the ongoing Greek debt negotiations amid conflicting headlines on progress in the talks. The uncertainty is expected to be highlighted in a mixed open for European bourses with spreadbetters forecasting Britain’s FTSE Read More
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European equities are expected to open lower Monday as negotiations over Greece’s bailout program continue and the crisis in Ukraine escalates without a peace deal in sight. The FTSE (FTSE International: .FTSE) is seen opening lower by 33 points at 6,820, the German DAX (XETRA: .GDAXI) down 89 points at 10,757 and the French CAC Read More
By Victoria Bryan and Harro Ten Wolde BERLIN (Reuters) – A long-running row between Lufthansa (LHAG.DE) management and German pilots union Vereinigung Cockpit (VC) over pay and conditions shows no sign of ending soon after the union called for a two-day strike at the group’s budget airline Germanwings. The VC pilots staged 10 strikes last Read More
LONDON (Reuters) – Nerves over Greece’s future in the euro and the conflict in Ukraine dragged on European markets on Tuesday, while bets on the likelihood of a U.S. interest rate hike nudged the dollar higher and oil prices held steady after a rebound. European stocks fell 0.3 percent and the euro slipped towards $ Read More
By Shinichi Saoshiro TOKYO (Reuters) – Asian equities were lower across the board on Tuesday as nervousness over Greece potentially withdrawing from the euro and escalating conflict in Ukraine sapped risk appetite, while the dollar lost steam after its payrolls-inspired rally. Japan’s Nikkei (.N225) slipped 0.8 percent and shares in Australia and South Korea were Read More
European equities are expected to open to choppy trade Tuesday amid investor nervousness as the impasse between Greece and its international creditors over its soon-to-end bailout program continues. The FTSE (FTSE International: .FTSE) is seen opening down 8 points at 6,829, the German DAX (XETRA:.GDAXI) up 6 points at 10,669 and the French CAC (Euronext Read More
European equities closed lower on Monday, as negotiations over Greece’s bailout program continued and the crisis in Ukraine re-escalated. The pan-European FTSEurofirst 300 (FTSE International: .FTEU3) provisionally ended around 0.6 percent lower, reversing some of the heavy selling seen earlier in the session just before market close. London’s FTSE 100 (FTSE International: .FTSE) outperformed its Read More
By John Geddie TOKYO (Reuters) – European stocks dipped and low-rated bond yields rose on Monday after dismal Chinese trade data and signs of increasingly fraught relations between Greece and its international creditors kept investors cautious. The U.S. dollar gave up some of the ground it made against other major currencies on Friday after strong Read More
FRANKFURT (Reuters) – German industrial group Siemens plans to cut 7,800 jobs worldwide, or about 2 percent of its workforce, to complete a wide-ranging restructuring of the company, it said on Friday. About 3,300 of the jobs lost will be in Germany, where the trains-to-turbines group employs 115,000 people. Siemens said the cuts – which Read More
STUTTGART (Reuters) – Daimler (DAIGn.DE) said sales momentum at its Mercedes division would help it achieve significantly higher revenue and operating income this year, as it reported a 10 percent jump in fourth-quarter operating profit. The global rollout of a new version of its top selling C-Class sedan helped Mercedes raise its operating margin, lifting Read More