Monday, July 05, 2010
European shares waver but oil giant BP gains
EUROPEAN SHARES WAVER BUT OIL GIANT BP GAINS
European shares struggle for direction on Monday with U.S. markets
closed for a holiday amid lingering worries about growth, although oil
giant BP managed to gain ground.
U.K. SERVICE-SECTOR GROWTH HIT BY BUDGET
Activity in Britain's services sector slowed more sharply than
expected in June, undercut by worries about government spending cuts
and a tax rise, according to a monthly survey of purchasing managers
released Monday.
DOLLAR MOSTLY HIGHER
The dollar gains slightly versus the euro and pound after purchasing
managers indicated a slowdown in U.K. service-sector activity last
month.
BP BRACING FOR SHAKE-UP: REPORT
Investors are braced for a change in BP PLC's leadership once its
leaking oil well in the Gulf of Mexico is capped, which could come in
the next few weeks, according to a media report Saturday.
BP TESTS TAIWANESE OIL-SKIMMING SHIP
Vessel's owners claim it can remove 300,000 to 400,000 gallons of
spilled oil from the Gulf of Mexico every day.
