LONDON (Reuters) - The euro hit an 11-month high against the dollar and European shares rose on Monday as the region's improving economic growth outlook and the declining prospects of further monetary easing bolstered demand.The common currency peaked at $1.3404, its highest level since February 2012, producing a hefty gain of 2.5 percent since European Central Bank President Mario Draghi gave a...
Oil rises near $94 on China, US recovery hopes
Labels: Business
BANGKOK (AP) — Oil prices rose to near $94 on Monday, supported by signs of economic recovery in the U.S. and China.Benchmark oil for February delivery was up 33 cents to $93.89 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract dropped 26 cents to finish at $93.56 a barrel in New York on Friday.Gordon Kwan, head of energy research at...
China mulls hiking investment quota for foreigners
Labels: Business
HONG KONG (AP) — The head of China's securities regulator says Beijing is considering substantially raising the quota that foreign institutions are allowed to invest in the country's stock markets.Guo Shuqing said at a conference on Monday that there was room to raise the limit by "at least 10 times, nine times."He said that money invested through the quota system for foreign investors accounted...
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