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Investigators looking into alleged corrupt practices at News Corp’s UK newspapers suspect that cash payments worth more than £100,000 were made to police officers and other public officials, one person familiar with the investigation said. The FT reports.
U.S. stock index futures were signaling a lower open for Wall Street on Thursday after closing down the previous session, with the Dow logging its sharpest decline this year and ahead of a string of economic data. European stocks were down as well, while the euro hit a three-week low on worries about a possible delay of a second bailout for Greece.
US futures point to a flat open for Wall Street. European shares opened lower on Thursday, with investor sentiment hit by further hurdles in the Greek bailout deal and by the prospects of more ratings downgrades for the region's financial institutions. Asian shares fell sharply reversing the previous day's rally.
Unlike Greece, Portugal is a debtor nation that has done everything that the European Union and the International Monetary Fund have asked it to, in exchange for the 78 billion euro (about $103 billion) bailout Lisbon received last May. The NYT reports.
U.S. stock index futures pointed to a sharply higher open for Wall Street, as European shares rallied on the back of economic data that was not as bad as expected. Germany's gross domestic product shrank by less than expected, while the euro zone economy shrank but a north-south divide was evident as France grew while Italy contracted. Banks were leading European stocks up, after BNP Paribas hit its earnings targets and said it saw positive signs for the year.
The Bank of England raised its inflation forecast for two years time to around 1.8 percent on Wednesday, higher than most economists had expected, raising doubts about further quantitative easing.
US Futures point to a higher open for Wall Street after a mixed trading session yesterday. European stocks rose on Wednesday following better-than-feared GDP figures for Germany and France, and as debt-stricken Greece appeared to be nearing a political consensus on painful budget cuts. In Asia markets rose on Greece while comments from China's central bank governor saying Beijing would continue to invest in euro zone government debt aided sentiment.
Inflation will remain above the Bank of England's 2 percent target in the U.K. for a long time, Andrew Sentance, a former member of the monetary policy committee, told CNBC on Tuesday.
European markets rose after Italy sold 6.0 billion euros of government bonds on Tuesday, in a sale which analysts said drew solid demand and with yields lower than at previous comparable auctions.
US futures point to Wall Street opening lower today despite a strong day yesterday. European shares are flat on Tuesday after rating agency Moody's put the United Kingdom's triple-A rating in jeopardy for the first time and warned it may cut France and Austria as well, while downgrading six euro zone nations including Spain and Italy. Asian shares also fell, reminding investors that Europe is still deeply mired in a debt crisis despite Athens' steps to avoid a disorderly default.
The European Central Bank's rescue of the region's banks by showering them with cheap loans could be creating the conditions for another financial crisis several years from now. The New York Times reports.
US stock index futures signaled a higher open for Wall Street on Monday, after Greek lawmakers voted a bill bringing more austerity to the country in order to ensure it gets a second bailout from the International Monetary Fund and the European Union. European shares also rose with the FTSE Eurofirst 300 gained 0.4 per cent as the banking sector added 1.2 per cent.
US futures point to a higher open for Wall Street. Banking shares led European stocks higher early on Monday after the Greek parliament approved measures needed to secure an international bailout and avoid a chaotic default that would dent market confidence in the euro zone. Asian shares also gained though most of the recent optimism appeared to have been already priced in.
Rupert Murdoch is under pressure over his Sun tabloid after the arrests of several senior staff in a corruption probe, but whistleblowers inside his media empire may pose more of a threat than the public outrage that towards his business empire that he was forced to give up his closed its sister paper.
A June 2008 e-mail to James Murdoch discussed in frank terms the scale of phone hacking at News International, The New York Times reports.
Stock index futures pointed to losses for Wall Street at the open after euro zone finance ministers withheld further aid for Greece and demanded more cuts in return for a second bailout. European shares also fell on Friday, dragged lower by banks.
S&P 500 futures point to New York stocks declining 0.5 per cent at the opening bell. European shares also fell today, dragged lower by banks on concerns about the outcome of the euro zone debt crisis after finance ministers imposed further conditions before approving a rescue package for Greece. Asian shares ended lower as investors remained concerned about Greece's commitment to debt restructuring.
For all the struggles that Greece has gone through to satisfy its demanding lenders, Europe’s troubles are not going away, the New York Times reports.
Stock index futures pointed to a flat open for Wall Street today as investors looked ahead to talks to secure a new bailout for Greece as well as a policy decision by the European Central Bank. In Europe, shares were higher in morning trade on hopes that a second bailout deal for Greece was in the making, with the country's finance minister on his way to Brussels for a meeting with other euro zone finance ministers.