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World Stock Markets News Page 2

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China blocks stock index online search following Tiananmen link

Storey Link: China blocks stock index online search following Tiananmen link

China has barred access to the phrase "Shanghai Composite Index" on many of the nation’s most frequented microblogging sites. It occurred after the index fell by 64.89 points last Monday. The figures correspond to June 4 1989, or the date of the government crackdown on protesters at Tiananmen Square in Beijing. China sternly...

Shares drop again with weak US data

Storey Link: Shares drop again with weak US data

Stock markets have dropped after lower-than-expected employment data from the United States released on Friday sparked concerns over the global financial recovery. As Wall Street opened a little lower, Germany's Dax index fell by 1%. France's Cac 40 also started down prior to recovering during afternoon trading. Japan's Nikkei 225 finished...

Thomas Cook still struggling with debt and losses

Storey Link: Thomas Cook still struggling with debt and losses

Thomas Cook has witnessed its half-year losses rise sharply after some tumultuous six months, but is planning to take "decisive action" to fix its position. The travel group announced £713 million worth of pre-tax losses for the half year leading up to 31 March, a jump from last year’s £269 million loss. The firm has...

Bankia stakes suspended with reports of bailout request

Storey Link: Bankia stakes suspended with reports of bailout request

Shares trading of Spain's Bankia in Madrid has been suspended. Before a board meeting this afternoon, Bankia asked for its shares to be suspended in order to reformulate its 2011 accounts and write up a plan to support its finances. Bankia has now formally asked the Spanish government for a bailout package of 19 billionn euros ($24...

Stocks see gains as euro drops

Storey Link: Stocks see gains as euro drops

On Thursday, global stocks saw gains as the euro dropped on data suggesting that Europe's debt crisis was exacerbating a global economic slowdown, which added to investor woes about Greece's possible departure from the eurozone. It was a volatile session, as investors seeking for bargains first bought oil, gold, and equities, which were...

Stock markets suffer over Greece

Storey Link: Stock markets suffer over Greece

Stock markets have sharply dropped ahead of a European Union meeting, while concerns rise over Greece's potential exit from the euro. Shares dropped after a report cited ex Greek PM Lucas Papademos saying that Greece’s government might be preparing to leave the euro. Italian markets closed down by 3.7%, while Spanish markets dropped by...

EU markets suffer over Greek and Spanish woes

Storey Link: EU markets suffer over Greek and Spanish woes

European markets experienced a jittery session last Friday as worries raged on over Spain and Greece. Spain's Ibex index was able to recover after losing over 2 percent early on, finishing the day a little higher. Investors transferred money into German bonds, seen as a low-risk move, while oil prices dropped, indicating global economic...

EU shares pick up after election fears subside

Storey Link: EU shares pick up after election fears subside

As reported by the BBC, EU shares ended higher as investor anxiety over national austerity plans after weekend election results proved to be only short-lived. Pro-bailout factions in Greece fared quite poorly, while Francois Hollande was elected France’s new president, promising to concentrate on growth rather than on austerity measures....

Stock markets rid higher borrowing costs

Storey Link: Stock markets rid higher borrowing costs

As reported by the BBC, EU shares have slightly improved from Monday's abrupt falls as investors recuperate from worsening projections of Greek economic contractions and rising Spanish bond yields. Meanwhile, Holland and Italy were forced to pay higher rates to borrow money. France's Cac40 went up by 2.3%, the UK's FTSE 100 rose 0.8%, and...

Global shares drop as anxiety returns

Storey Link: Global shares drop as anxiety returns

As reported by the BBC, stock markets have dropped after weak manufacturing figures and political uncertainty in the Netherlands and France hit investor confidence. German shares dropped 3.4%, French stocks fell by 2.8%, UK stocks slid down 1.9%, while Wall Street fell 0.8%. Last Sunday, President Nicolas Sarkozy lost narrowly to...