Bouncing Energy Shares Help European Stocks Extend Rally
A rebound in most energy shares drove European equities higher on Monday, while Greece's bourse was also boosted by the country's prime minister offering to bring pro-European independents into the government. Bucking the trend, shares in Italian lender Banca Monte dei Paschi di Siena shed 7.3 percent, hit by renewed fears of big writedowns on poorly performing loans.
Energy Stock Slide Sends Europe Shares Lower
European equities turned negative on Wednesday, as a fresh fall in the price of Brent crude oil hit energy stocks. Brent sank 2.6 percent to around $65 a barrel and hit a five-year low on Wednesday as producers forecast lower demand for their oil next year. The STOXX Europe 600 Oil & Gas Index fell 1.3 percent to 279.48 points. Dutch oil services group Fugro slumped 12.2 percent.
Oil at Five-Year Low, Global Markets Plunge
Brent crude hits five-year low, hurting stocks; Greek markets plunge as government brings forward vote. Chinese shares take biggest one-day fall in five years. Oil prices plumbed fresh five-year lows on Tuesday, prompting investors worried about the global economy and renewed political uncertainty in Greece to dump shares. The Athens government…
Turkish PM Calls for Deal with Greek Cypriots Over Energy Deposits
Turkish Prime Minister Ahmet Davutoglu called on Friday for an agreement over exploiting hydrocarbon deposits in the eastern Mediterranean, an issue that caused the breakdown of peace talks between Greek and Turkish Cypriots in October. Greek Cypriots say Turkey sent a research vessel to collect seismic data in disputed waters off the divided island of Cyprus where the Nicosia government was also exploring.
Egypt, Greece, Cyprus Pledge More Energy Cooperation
Egypt, facing its worst power crisis in decades, on Saturday pledged greater energy cooperation with Greece and Cyprus, a diplomatic move that opened up the possibility of progress in talks to import natural gas from Cyprus. The meeting in Cairo between Anastasiades, Egyptian President Abdelfattah al-Sisi and Greek Prime Minister Antonis Samaras demonstrated deepening ties between the three states…
China to Invest in Greek Transport Infrastructure
China wants to invest in Greek airports and railways as well as the busiest port, officials said on Friday, as the country where the euro debt crisis began seeks a role as China's gateway into Europe. Chinese Premier Li Keqiang is on a three-day trip to Greece to boost economic ties between the nations, who have drawn closer since China's…
