May 31, 2010 10:59 AM ET
European stocks traded higher despite a downgrade of Spain''s sovereign debt rating. Euro-zone economic confidence deteriorated and inflation accelerates to 1.6% in May. Polish economic growth slows in the first quarter.
May 29, 2010 2:55 AM ET
Shell is expanding its portfolio in North American tight gas positions with new acquisitions in high-potential US shale gas acreage in Marcellus Shale and Eagle Ford plays.
May 28, 2010 10:52 AM ET
European stocks decline amidst concerns on U.S. economic data. Spanish Parliament approves public sector spending cuts. Swedish economic growth accelerates in the first quarter. Greece producer price inflation rises 9.8% in April.
May 27, 2010 6:19 PM ET
Stocks in New York and Europe soared on positive news on earnings and economic austerity measures. Spain won parliament approval to cut spending and Italy prepares to eliminate $30 billion in spending. China rejected media speculation that may divest or shift away from euro-zone debt.
May 27, 2010 12:30 PM ET
European indices rose 2% as China denied media speculation on its foreign debt holdings. Inflation in Germany increased 1.2% in May and French consumer confidence continued its downward trend in the month. Italian hourly wages increased 0.3% in April.
May 26, 2010 4:32 PM ET
European markets rebounded after losing nearly 5% in the last six trading sessions. French April consumer spending drops as car purchases slump. Telefonica SA urged Portugal Telecom shareholders to consider its bid for Brasilcel.
May 26, 2010 8:00 AM ET
U.S. stocks dropped in the morning trading and recovered in the late afternoon. Banks and brokerages surged after the U.S. law makers appear to permit banks keep derivatives business. Rising tensions in the Korean peninsula and ongoing worries in the euro-zone remained the focus of investors.
May 25, 2010 11:19 AM ET
Markets in Europe plunged after the IMF issued a warning for Spain and rising tensions in the Korean peninsula kept buyers on the sidelines. Investors overlooked the rise in the euro-zone industrial orders. Poland Central Bank leaves key interest rate at record low of 3.5%.
May 24, 2010 11:31 AM ET
The European markets fell on lingering concerns that the bailout package may not contain the deepening financial and fiscal crisis. Bank of Spain takes forced to take over a regional savings bank CajaSur. U.K. Chancellor proposes £6.2 billion in spending cuts.
May 21, 2010 5:02 PM ET
U.S. stocks closed higher in a late rally after the Senate passes financial reform bill. Banks and financial services gained from the recent lows. Gold declined and copper gained. U.S. bonds traded sideways but near recent lows. Markets in Asia closed near the lows for the year.