UK trade deficit unexpectedly widens in January
The Office for National Statistics (ONS) has today revealed the UK’s trade gap widened unexpectedly in January to a 17-month high. The news disappointed markets and sent the already weak pound falling. Sterling fell 0.4% to €1.10 at mid morning and lost 0.75% against the dollar to fall below the $1.50 mark. Sterling has lost around [...]

[ Published on : Wed, 10 Mar 2010 10:00 ]

Close Brothers Group leads gains in London
European markets were higher Tuesday, with gains coming after Standard & Poor’s issued a report saying that Greece is likely to meet immediate goals toward righting its troubled economy. The FTSE 100 was up 0.48 percent to 5,620.43 in London, while the FTSE 250 added 0.52 percent to 9,930.04. The biggest gain in London came on the [...]

[ Published on : Wed, 17 Mar 2010 10:12 ]

Germanys Merck buying Millipore for $6B plus debt (AP)
AP - Germanys Merck KGaA said Sunday that it will pay $6 billion in cash to buy U.S. biotech equipment maker Millipore Corp. in a move to expand its presence beyond drugs and chemicals and into the life science sector.

[ Published on : Mon, 01 Mar 2010 10:18 ]