Futures on major U.S. indices extended earlier gains on Wednesday after ADP reported that private-sector employment recorded the largest gain in three years in November.
Despite the recent frenetic declarations by Prime Minister José Luis Rodríguez Zapatero that Spain does not need a bailout, the bond markets strongly disagree with him as traders continue to unload Spanish (as well as Portuguese and Italian) bonds, driving up the financing costs for the nation’s lenders to all-time highs.
The force of political will binding together a seemingly crumbling euro zone is still strong, but the imperatives of domestic economic realignments could force members to an exit option, analysts have said; and the road out of the bloc doesn’t exactly look daunting.
Futures on major U.S. stock indices point to higher opening on Wednesday as better-than-expected manufacturing reports from China and Europe buoyed sentiment.
Manufacturing in the eurozone expanded in November at its fastest pace in four months, boosted by strong activity in France and Germany, while manufacturing production in the U.K. touched a 16-year high, according to a survey.
Iran on Wednesday, executed a woman convicted of murdering the wife of a former football star. Shahla Jahed who was believed to be the mistress of Naser Mohammadkhani, a football legend, was hanged to death at the Evin prison in North Western Tehran.
Unemployment in the euro area rose marginally in October for the first time in 6 months, according to a report by Eurostat, the statistical office of the European Union.
The German Impressionist Landscape Painting: Liebermann -Corinth-Slevogt exhibition which is on display at the Museum of Fine Arts, Houston, (MFAH) has been the focus of attention of art-lovers and curators across the globe.
The Obama administration has been left red-faced by disclosures made by whistle-blower website WikiLeaks pertaining to French president Nicholas Sarkozy that describes him as an “emperor without clothes”, Iran president Mahmoud Ahmadinejad as ‘Hitler’ and Russian prime minister Vladimir Putin as an “Alpha Dog”.
The eurozone’s economic sentiment rose to three-year high in November, despite concerns over the sovereign debt crisis in some countries in the region.
Wikileaks documents reveal that U.S. Secretary of State in July 2009 sent a message to 33 US missions on UN reforms saying, International deliberations regarding UNSC expansion among key groups of countries: self-appointed frontrunners for permanent UNSC membership Brazil, Germany, India, and Japan.
More consumers in China will shop online on Cyber Monday than in the U.S., UK, Germany and Japan, according to a survey by eCoupons.com/Ipsos.
The U.S. has many doubts about its long-term ally Turkey's dependability as a partner, according to diplomatic cables that were leaked by WikiLeaks on Sunday evening.
The year 2010 was not good for Google in China and the hacking was, indeed, part of a sabotage attempt carried out with help from the government quarters, reveal the classified U.S. documents released by Wikileaks on Sunday. China to Germany, US diplomacy generally smacks of quid-pro-quo dealings, as ever.
The documents leaked by WikiLeaks late on Sunday showed the state department ordered a surveillance of the activities of the United Nations personnel including the secretary general and asked its agencies to collect exhaustive information on the U.N staff, including personal details.
The U.S. Department of State is working overtime sending messages to ally capitals warning the impending release of classified documents by WikiLeaks could harm relations in what is seen as a pre-emptive move of unprecedented scale to neutralize the impact of the unveiling of embarrassing and compromising details about the inner workings of the government apparatus.
Precious metals and euro dropped on Friday as European periphery worries intensified, helping safe-haven interest into the US dollar. EUR/USD touched a fresh 2-month low.
Germany's argument for a policy to make private investors pick up part of the bill for any future bailouts won support from France as more European countries seem to require financial aid.
German luxury carmaker Audi AG has set plans to venture into electric car business. The company plans to become the leading premium seller of electric vehicles by 2020.
As countries like China and Russia phase out the usage of U.S. dollars for international trade -- including but not limited to oil trade -- its status as the world's reserve currency will continue to slide.
Solar energy stocks received a load of bad news last week when an analyst at Credit Suisse downgraded the entire sector and lowered price targets, raising concerns about the industry's near-term prospects
Business confidence in Germany surged to record highs in November, despite sovereign debt woes in Ireland and fears of a contagion to other euro zone members.
