European markets were lower Tuesday, hurt by concerns that a new move by China to tighten monetary policy by raising reserve requirements for Chinese banks could slow down economic recovery around the globe.
The FTSE 100 was 0.71 percent lower to 5,498.71 in London, while the FTSE 250 fell 1.26 percent to 9,603.47.
Retailer Tesco added 0.75 [...]
Figures released by the Commerce Department today revealed a rise in US imports in November, rising to $174.6 billion from $170.2 billion the previous month – a rise of 2.6%.
The surge in imports to the US reflected an increase in demand for industrial materials and consumer goods.
Meanwhile, exports totalled $138.2 billion – a rise [...]
British confectioner Cadbury, renowned for Dairy Milk chocolate, urged shareholders today not to let Kraft “steal your company with its derisory offer“.
Cadbury chairman, Roger Carr, delivered the statement after it said it had enjoyed an “outstanding” performance in 2009, which exceeded market expectations.
It said underlying revenues were up 5% in 2009, with a 6% [...]
Shares in troubled Japan Airlines (JAL) plummeted to a fresh low today amid fears that the carrier is to enter bankruptcy proceedings within the next couple of days.
Shares fell by 45% to a fresh low of 37 yen on the Tokyo stock exchange as a bankruptcy filing seems unavoidable.
State-owned Development Bank of Japan has [...]
Further good news for the UK economy emerged today after the Office for National Statistics (ONS) said exports in November soared to £20.2 billion – the highest since October 2008.
The rise was fuelled by sales of consumer goods and chemicals, according to the ONS.
The ONS said that Britain’s global goods trade gap narrowed from £7 [...]
Further good news for the UK economy emerged today after the Office for National Statistics (ONS) said exports in November soared to £20.2 billion – the highest since October 2008.
The rise was fuelled by sales of consumer goods and chemicals, according to the ONS.
The ONS said that Britain’s global goods trade gap narrowed from £7 [...]