Monday, May 20, 2013
 
 

LONDON (Reuters) - European shares extended gains to set a new five-year high for a fourth straight session on Monday, with investors flocking to buy riskier assets such as equities on fresh signs of a recovery in the global economy.

At 0707 GMT (3.07 a.m. EDT), the FTSEurofirst 300 index <.FTEU3> of top European shares was 0.2 percent firmer at 1,250.68 points, the highest since the middle of 2008. The index is up more than 10 percent so far this year.

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By Marc Jones

LONDON (Reuters) - Rising optimism about global growth pushed world shares to a near five-year high on Monday, while comments from Japan's economy minister that consumers could suffer if the yen falls further lifted it off a 4-1/2 low.

Data last week...   [READ MORE]
 
By Ayai Tomisawa

TOKYO (Reuters) - The Nikkei share average surged to a fresh 5-1/2 year high on Monday, buoyed by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months.

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(Reuters) - Morgan Stanley said on Monday it has signed an agreement to sell its Indian wealth management unit to Standard Chartered. Financial terms of the deal were not disclosed.

Morgan Stanley will work closely with Standard Chartered over the coming months to ensure a smooth transfer...   [READ MORE]
By Sophie Knight and Ian Chua

TOKYO/SYDNEY (Reuters) - The yen reversed from a 4-1/2-year low against the dollar on Monday after Japan's economy minister suggested the government might be satisfied with its current level, following a sharp decline over the past six months.

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By Tetsushi Kajimoto and Izumi Nakagawa

TOKYO (Reuters) - The Japanese government upgraded its assessment of the economy on Monday, as emerging signs of an upturn in exports and factory output added to growing evidence that Prime Minister Shinzo Abe's aggressive polices are beginning t...   [READ MORE]
 
By Padraic Halpin

DUBLIN (Reuters) - Elan will still have $1.2 billion of cash left to spend if shareholders approve its first package of acquisitions, and plans to announce more deals in the second half of the year, chief executive Kelly Martin said on Monday.

Elan a...   [READ MORE]
 
 
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