European stocks fell for a third day, led by manufacturers, steelmakers and homebuilders on concern that rising oil prices will drag down corporate earnings. US index futures were mixed, while shares in Asia gained.
Vodafone Group Plc Chief Executive Officer Arun Sarin will step down and be replaced by his deputy Vittorio Colao after steering the world's largest mobile-phone company to a record profit.
Home prices in 20 US metropolitan areas fell in March by the most on record, pointing to continued weakness in the housing market that will further drag on the economy.
Oil rose to near $133 a barrel yesterday on worries about global petroleum supplies and the outlook for the US dollar.
Asian and European markets sank yesterday as high oil prices stoked inflation fears and investors fretted about the outlook for the US economy after last week's slump on Wall Street.
With oil prices on a record flight path, the global aerospace industry will be focusing on improved efficiency and developments in alternative fuels at the International Berlin Air Show this week.
Crude oil rose to a record above $135 a barrel as OPEC ministers said they could do nothing to stop a rally that may be heading to $200 a barrel.
The world's top airlines warned yesterday that soaring fuel prices were hitting profits, prompting some to increase fares, and global leader American Airlines announced thousands of job cuts to counter higher costs.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
