Shares in solar power companies fell on Thursday, led by a 14-percent drop in LDK Solar Co Ltd, which posted a wider-than-expected quarterly loss.
World stocks hit 10-month highs for a second day running on Friday after euro zone growth data in the previous session and positive earnings from the world's largest retailer also boosted sentiment.
The federal government in Berlin and the states where Opel has plants are only prepared to offer financing aid if Canada's Magna wins the battle for the carmaker, a senior ally of German Chancellor Angela Merkel said.
Japanese stocks ended at a 10-month high on Friday after upbeat eurozone growth data and positive earnings from the world's largest retailer helped offset gloomy U.S. retail and jobs data, factors which pulled down the dollar.
Japan's Nikkei share average rose to a 10-month high on Friday after upbeat eurozone growth data and positive earnings from the world's largest retailer helped offset gloomy U.S. retail and jobs data, factors which brought down the dollar.
Magna and its Russian partner Sberbank have reached an agreement in principle with General Motors management over a contract to buy 55 percent of GM's European unit Opel, Magna's co-CEO Siegfried Wolf told Reuters on Thursday.
Americans shopped less in July and more signed up for jobless benefits last week in a double dose of bad news for the U.S. economy just a day after the Federal Reserve said it saw a leveling out of the slump.
U.S. stocks edged up on Thursday as better-than-expected earnings by Wal-Mart Stores Inc. offset gloomy government numbers on retail sales and employment.
Mexico's peso firmed to a 9-month high on Thursday as appetite for higher risk assets grew after data showed Europe's biggest economies had exited recession.
Magna and its Russian partner Sberbank have reached agreement in principle with General Motors management over a contract to buy a stake in GM's European unit Opel, Magna's co-CEO Siegfried Wolf told Reuters on Thursday.
The U.S. Department of Energy's Information Administration will release its report on natural gas inventories. Analysts expect natural gas inventories gained 66 billion cubic feet last week, a larger than average increase. United Nations working groups are holding climate change talks from 10 to 14 August 2009 in Bonn, Germany.
Magna and its Russian partner Sberbank have reached an agreement with the management of General Motors to acquire a 55 percent stake in GM's European unit Opel, Magna Co-Chief Executive Siegfried Wolf told Reuters on Thursday.
Oil rose back above $71 a barrel on Thursday after positive economic news from the United States and Europe's two largest economies, despite data showing U.S. crude inventories rose much more than expected last week.
Germany and France achieved a shock return to economic growth in the second quarter of the year, ending their recessions earlier than many policymakers and economists expected, but failed to drag the euro zone with them.
Germany and France enjoyed a shock return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions earlier than many policymakers and economists had expected.
Germany and France enjoyed a surprising return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions earlier than many policymakers and economists had expected.
Germany and France enjoyed a surprising return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions earlier than many policymakers and economists had expected.
Oil rose toward $71 a barrel on Thursday as a surprising return to economic growth in France and Germany fed optimism the world was through the worst of the recession, offsetting bearish U.S. inventory data.
Asian stocks and commodities rose on Thursday after the Federal Reserve said it spotted stability in the U.S. economy, spurring investors to buy back shares and other riskier assets and sell U.S. dollars.
Belgian-based RHJ International is set to sweeten its offer for General Motors' European business in its race with Canadian rival Magna to buy Opel, sources close to the situation said on Wednesday.
The Department of Energy announced a fund of $38 million from the stimulus package to all 50 states for emergency preparedness plans in case of energy supply disruptions. Crude oil futures settled at $70.16 a barrel at 2:44 p.m. on the New York Mercantile Exchange Wednesday. The first offshore wind farm in Germany, started operations of its first three turbines.
Belgian-based RHJ International is set to sweeten its offer for General Motors' European business in its race with Canadian rival Magna to buy Opel, sources close to the situation said on Wednesday.
