Market News News Page 4

As borrowing costs for both Spain and Italy rose, concern remains over the eurozone debt crisis, even with the 100 billion-euro bailout of Spanish banks. Yields for ten-year Italian bonds went up from 5.758 percent to end at 6.032%. Yields for Spanish bonds were also higher, to nearly 6.5 percent, In the meantime, ratings agency Fitch has...

For the first time, shares for Qantas Airways have dropped below the Australian dollar mark, following ratings agency Standard & Poor's decision to review the airline for a possible downgrade. Stakes in Australia's biggest carrier dropped 8.5 percent to 97 cents, prior to slightly recovering to 99 cents. The airline said that profits...

HTC shares have dropped 7 percent on c following the firm’s decision to lower its sales and profit predictions for the second quarter. The firm says it expects to bring in a revenue of NT$91 billion ($3 billion, or £1.9 billion) for that period, which is 13 percent less than its original projection. HTC also slashed its predictions for...

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...

Qantas has announced that it expects profits to drop by as far as 90 percent with its highest fuel bill on record and further losses in its global operations. It has predicted a pre-tax profit of between A$50 million and A$100 million for the year finishing June 30. This is down from a pre-tax profit of A$552 million during the same time...

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 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...

Worries over the Spanish financial situation have triggered losses for stakes across the EU and the US, as investors have switched to safe haven investments, including German and US government bonds. In the meantime, the indicative price of borrowing for Spain went up as investors agonised over its deficit. The European Commission said...

For the first time since its flotation, shares in Facebook have dropped below $29 to a new low. Less than two weeks ago, the shares were launched at $38 during its high-profile flotation, which placed the firm at $104 billion (£66 billion) in value. Ever since then, Facebook's stakes have lost nearly one-quarter of their value. Russia's...

Amid reports that it will cut jobs to increase profits, Japanese chipmaker Renesas is seeing its shares drop to a record low. Newspaper reports and analysts say that Renesas will attempt to raise 100 billion yen (£828 millio; $1.3 billion), sell off some units and cut over 10,000 jobs. Renesas produces chips used in automobiles and is...