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(MENAFN - AFP) US stocks moved lower in early trade Monday following a weak report on German industrial output and profit-taking after last week's record-setting gains.

About 35 minutes into trade, the Dow Jones Industrial Average fell 63.36 points (0.37 percent) to 17,004.90.

The broad-based S&P 500 lost 6.55 (0.33 percent) at 1,978.89, while the tech-rich Nasdaq ...

(MENAFN - AFP) Startling revelations of at least four years of false accounting by Spanish free wifi provider Let's Gowex threatened Monday to inflict broad damage on the reputation of small and medium-sized firms seeking investor cash.

Gowex, which offers wifi services in world capitals including Paris and New York, said Sunday it was filing for bankruptcy after chief executive ...

(MENAFN - AFP) The World Cup has given Brazil's increasingly strong evangelical movement a chance to go out and canvas for more believers among football fans thronging the country.

One group went to proselytize on Rio's tourist magnet of Copacabana Beach, a gathering place for hedonistic hordes enjoying their soccer rituals.

As Brazil prepared to see off Colombia to ...

(MENAFN - AFP) Porcupines in cages, endangered tortoises in buckets and snakes in cloth bags - rare wildlife is on open sale at a Chinese market, despite courts being ordered to jail those who eat endangered species.

The diners of southern China have long had a reputation for exotic tastes, with locals sometimes boasting they will "eat anything with four legs except a table".

China ...

(MENAFN - AFP) The Salvadoran president's residence, a posh home in an upscale San Salvador district, reopened Sunday as a museum with a focus on welcoming the poor.

New leftist President Salvador Sanchez Ceren - an ex-rebel commander who has decided to keep living in his family home in a middle-class area of the city - reopened the building as a place where the socially ...

(MENAFN - AFP) Hundreds of thousands of people, many wearing colourful costumes, took to the streets of Cologne in Germany on Sunday for the city's annual Gay Pride parade.

Turnout reached 700,000, police told AFP, in the city often described as Germany's gay capital, having earned a reputation for its acceptance of the lesbian, gay, bisexual and transgender community.

Organisers ...

(MENAFN - AFP) Dressed in round black hats and bright red waistcoats, the huddled circle of men burst into song, their falsetto voices echoing across the mountain valley: "Yodelayheehoo".

High in the Alps, the resort of Davos is playing host to the Swiss Federal Yodelling Festival, a three-yearly magnet for lovers of mountain folk music and the region's centuries' old traditions.

"It's ...

(MENAFN - AFP) Indian equities climbed to a fresh high Monday for the second time in less than a week as parliament opened ahead of a budget expected to see the announcement of long-term reforms.

The Bombay Stock Exchange's key benchmark index, the Sensex, climbed 0.6 percent to 26,116.73 after reaching a high of 25,981.51 points on Friday.

"People are looking at the ...

(MENAFN - AFP) Transport Minister Frederic Cuvillier admitted Monday that France's rail network had become "extremely rundown" but insisted safety problems that led to a fatal accident last year were being addressed.

Cuvillier was speaking a day after it emerged that experts probing last July's derailment of a train outside Paris had uncovered "a state of disrepair never ...

(MENAFN - AFP) China and Germany signed a series of trade and investment deals on Monday during a visit by Chancellor Angela Merkel, including agreements on two new Volkswagen factories and the sale of 123 Airbus helicopters.

The two countries are both exporting giants - with Germany the EU's biggest economy and China the world's second-largest - and Merkel was looking to ...

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