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European markets diverge

New York - Al Maghrib Today

A deal to end a three-day government shutdown in Washington sent a jubilant Wall Street to a fresh set of records on Monday, as US stocks continued their seemingly irrepressible upward march. Most other global markets also rose but across the Atlantic results were mixed, with Paris and Frankfurt up while London sagged. Word of the bargain struck among lawmakers in WashingtonRead more

World markets hammer higher on rising metal prices

London - Al Maghrib Today

Global stock markets mostly rose Friday, with miners buoyed by higher metal prices, and after more Wall Street records. Most Asian and European equities forged higher as investors eyed advancing prices of many metals like gold and copper. Star performer Frankfurt rallied to stand 1.0-percent higher in early afternoon deals, with steelmaker Thyssenkrupp jumping than 4.0 percent higher to topRead more

BMW drives to new sales record

Berlin - Al Maghrib Today

German high-end carmaker BMW said Friday it booked record sales for the seventh year in a row in 2017, but continued to trail rival Mercedes-Benz. The Munich-based group said in a statement that sales of its core BMW-brand cars rose by 4.2 percent to almost 2.1 million last year. Growth was primarily driven by the strong performance of its X-seriesRead more

World markets ring in 2018 on mixed note

London - Al Maghrib Today

Global stock markets greeted 2018 on Tuesday in mixed fashion, despite a raft of bright manufacturing surveys, with many investors away for extended holidays. Asian stocks mostly kicked off the year with gains, fuelled by strong data, improving corporate profits and hopes that US President Donald Trump's tax cuts will fire US and world growth. Sentiment was also boosted byRead more

London stocks end year on record high

London - Al Maghrib Today

London's FTSE 100 ended 2017 on a new record high on Friday, on a shortened final day of trading before the New Year break. The benchmark index of blue-chip shares was boosted once again by strong mining stocks, and closed at 1230 GMT, up 0.9 percent at a new closing high of 7,687.77 points, having earlier reached a new intradayRead more

Miners boost stocks in thin holiday trading

London - Al Maghrib Today

London shares pushed upwards in thin holiday season trading on Wednesday, boosted by a rise in commodity prices following a slight lift in Asian markets. London's FTSE 100 index managed a 0.2 percent gain to 7,606.73 points in late morning trading after a four-day break in trading, holding near to a record high. Meanwhile in the eurozone, both Frankfurt's DAXRead more

European stocks edge higher in thin holiday trading

London - Al Maghrib Today

European shares were steady to slightly higher in thin holiday season trading on Wednesday, buoyed by a rise in commodity prices and a firmer showing on Wall Street. London's FTSE 100 index, driven by strong gains in mining stocks, ended the session 0.4 percent higher at a new closing high of 7,620.68 points. And in the eurozone, both Frankfurt's DAXRead more

First Ryanair strike sees delays, but no cancellations in Germany

Frankfurt - Al Maghrib Today

Passengers travelling with Ryanair in Germany on Friday saw little disruption from a short strike called by a pilots' union, with the no-frills airline praising crew for "largely ignoring" the unprecedented walkout. Germany's powerful Cockpit union (VC) had asked Ryanair pilots to walk off the job from 5-9am (0400-0800 GMT) in a battle for recognition from the Irish carrier whoseRead more

Germany's Ryanair flights take off despite strike

Frankfurt - Al Maghrib Today

Passengers travelling with Ryanair in Germany on Friday saw little disruption from a four-hour strike called by a pilots' union, with most flights leaving as scheduled, and only some delays. Germany's powerful Cockpit union had asked Ryanair pilots to walk off the job from 5-9am (0400-0800 GMT) in a battle for recognition from the Irish no-frills carrier whose workers haveRead more

German pilots' union calls first-ever Ryanair strike on Friday

Frankfurt am Main - Al Maghrib Today

Germany's powerful Cockpit union called on pilots to stage the first-ever strike at Ryanair on Friday as it stepped up the pressure in a Europe-wide battle for recognition from the no-frills airline. Pilots are asked to hold a four-hour "warning strike" from 5-9am (0400-0800 GMT) at German airports after initial talks with the Irish carrier were cancelled at short notice,Read more