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Asian shares snap rally, extend losses on China data
Aug 10th, 2012
TOKYO (Reuters) - Asian shares snapped a four-day rally on Friday and extended losses after China's July trade data fell far short of expectations, casting doubts on whether the sputtering global economy will regain traction any time soon. European stocks were likely to track Asia lower, while a 0.4 percent drop in U.S. stock futures signalled a weak Wall Street start. Financial spreadbetters called the main indexes in London, Paris and Frankfurt to open down as much as 0.6 percent. China's exports grew just 1.0 percent in July from a year earlier, much weaker than market expectations for an ... (Source: Reuters) -
By Masayuki Kitano SINGAPORE (Reuters) - The dollar held firm near a 10-month high versus a basket of currencies on Friday after a U.S. Federal Reserve official said the central bank may begin to taper its asset buying this summer, while Asian shares were mixed. U.S. equities had sagged on Thursday after John Williams, president of the Federal Rese... [Full Article]
By Matt Scuffham LONDON (Reuters) - Shares in state-backed Lloyds Banking Group rose above the level which the government sees as its break-even price after its 20.5 billion pound rescue of the bank, raising hopes of a sale this year. Lloyds shares, the top performer in the FTSE-100 last year, rose 2.5 percent to reach 62.5 pence at 13:00 p.m. on F... [Full Article]
LONDON (Reuters) - Property in London is being snapped more quickly than at any time since October 2007 when the market hit its peak before the financial crisis, according to figures from real estate data firm Hometrack. Homes in London were typically on the market for 4.6 weeks in April - nearly half the period of more than eight weeks seen at the... [Full Article]
VATICAN CITY (AP) - Pope Francis toured St. Peter's Square to greet tens of thousands of people attending a rally of prayer, music and speeches Saturday, and he embraced the brother of a Pakistani politician who was assassinated in his country after calling for greater religious freedom for Christians there. (Source: Associated Press)... [Full Article]
By Richard Leong NEW YORK (Reuters) - U.S. stocks scaled record highs on Wednesday as weak data reinforced expectations that stimulative central bank policies would continue, while evidence that Europe was stuck in recession pushed the euro to a six-week low against the dollar. U.S. producer prices fell their most in three years and factory output ... [Full Article]
(Reuters) - Citigroup Inc has sued Barclays Plc to recover more than $141 million for providing foreign exchange services to a unit of Lehman Brothers Holdings Inc soon after Lehman's bankruptcy. The complaint filed late Monday in the U.S. District Court in Manhattan related to Citigroup's role in the Continuous Linked Settlement system, ... [Full Article]
CANNES, France (AP) - Two directors from countries with tough film censorship brought bold and probing movies to the Cannes Film Festival on Friday - one exploring China's social problems, the other delving into the mysteries of the human heart. (Source: Associated Press)... [Full Article]
NEW YORK (Reuters) - U.S. stocks hit session highs in morning trading on Friday after a gauge of future U.S. economic activity rose to its highest level in nearly five years. The Dow Jones industrial average rose 64.81 points or 0.43 percent, to 15,298.03, the S&P 500 gained 9.33 points or 0.57 percent, to 1,659.8 and the Nasdaq Composite added... [Full Article]
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