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(MENAFN - AFP) Norway on Friday gave its green light to the development of the mammoth Johan Sverdrup gas field in the North Sea, the first phase of which is worth 12.7 billion euros alone.

The project, headed by Norwegian oil group Statoil, is a huge boost to the country's flagging oil sector, which has suffered from plunging investments due to lower oil prices.

"The ...

 
(MENAFN - AFP) The number of tourists arriving in Cyprus spiked 8.5 percent in July to a record high for that month, led by a surge in British visitors attracted by the cheaper euro, official figures showed.

A record 414,527 people arrived in July compared with 381,955 a year earlier, according to figures released Thursday.

Arrivals eased 1.5 percent in June.

July's ...

 
(MENAFN - AFP) Global stocks have been hit hard over concerns for the Chinese economy, with a gauge of the country's manufacturing activity on Friday providing the latest sign of a slowdown in the world's second-largest economy.

Although China, a major engine of global growth, has been slowing for some time, financial markets in China and elsewhere have tumbled.

Here ...

 
(MENAFN - AFP) Eurozone business activity rose in August, a closely watched survey said Friday, on the back of solid growth in Germany and despite sluggishness in France.

The Markit Economics Composite Purchasing Managers Output Index (PMI) came in at 54.1 points in August, up from 53.9 in July, confirming that problems in crisis-hit Greece were not affecting the rest of ...

 
(MENAFN - AFP) Global stock markets slid again on Friday, with European indices on course for their biggest weekly falls of the year, as share prices were battered by fallout from global economic strains.

In Europe, London's benchmark FTSE 100 index lost 1.28 percent to stand at 6,286.46 points shortly after midday in the British capital.

Frankfurt's DAX 30 shed 1.67 ...

 
(MENAFN - AFP) Busloads of visitors from China flocked to Bangkok's glittering Grand Palace on Friday but, days after a bomb at another of the city's popular attractions killed five Chinese tourists, Thailand's biggest spending holidaymakers are rattled.

Monday's attack on a Hindu shrine, particularly popular with Chinese devotees, did not prevent Jay Chou and his family ...

 
(MENAFN - AFP) South Korea's dominant Samsung conglomerate will make its first entry into US stock markets next year with the listing of a biotechnology affiliate, a company official said Friday.

The listing of Samsung Bioepis on the Nasdaq Stock Market is aimed at securing funds for investment in the field of biosimilars -- a new breed of drugs that mimic the effects of ...

21 Aug 2015   European stocks slide at open 
 
(MENAFN - AFP) European stock markets slid at the open on Friday, with traders reacting to fresh fallout from China and Greece.

London's benchmark FTSE 100 index lost 1.10 percent to 6,298.38 points compared with Thursday's close.

Frankfurt's DAX 30 tumbled 1.95 percent to 10,228.70 points and the CAC 40 in Paris shed 1.66 percent to open at 4,704.27.

Asian stocks ...

 
(MENAFN - AFP) The former head of MtGox reportedly faced fresh criminal charges Friday over allegations he stole $2.6 million from clients, as police questioned him about hundreds of millions of dollars worth of missing Bitcoins.

Japanese authorities issued a fresh arrest warrant for France-born Mark Karpeles, over claims he stole millions from clients before the Bitcoin ...

 
(MENAFN - AFP) A key indicator of China's manufacturing activity slumped to a 77-month low in August, an independent survey showed Friday, fuelling concerns of further deceleration in the world's second-largest economy.

The preliminary reading of Caixin's Purchasing Manager's Index (PMI) came in at 47.1 this month, the Chinese media group said in a joint statement with Markit, ...

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