Wednesday, November 26, 2014
YOLO COUNTY NEWS
99 CENTS

World market losses ease, Cyprus talks continue

By
From page A2 | March 22, 2013 |

AMSTERDAM (AP) — World stock markets recovered from earlier losses as trading in the U.S. started, with investors monitoring Cypriot talks to get a bailout that can spare the country from financial ruin.

Separately, Japanese stocks tumbled after the country’s new central bank chief, Haruhiko Kuroda, delivered his first speech since taking office. Kuroda reiterated a pledge to bring Asia’s second biggest economy out of deflation but disappointed investors by offering few specifics.

In Europe, Cyprus was scrambling to agree on a plan for recapitalizing its banks and appeared to be returning to an altered form of a plan it rejected earlier this week: allowing depositors to take losses on accounts containing more than €100,000 at its second-largest and most stressed bank, Laiki.

Cyprus’s banks have been closed for a week, and the European Central Bank has threatened to cut off an emergency program supporting them if a solution is not found by the end of Monday.

“The ECB has put an impressive literal gun at the head of Cyprus as banks would probably go bust without…(support) once they re-open their doors,” said ING economist Carsten Brzeski in a note. “However, it is hard to imagine that the ECB would really be willing to be the one to pull the trigger which could eventually even lead to a Cypriot exit from the eurozone.”

Britain’s FTSE 100 turned positive and rose 0.3 percent to 6,406.26. Germany’s DAX lost 0.1 percent to 7,927.49, and France’s CAC-40 was also down just 0.1 percent to 3,771.82.

Wall Street opened higher, with the Dow rising 0.4 percent to 14,476.79 the broader S&P 500 index up by the same rate to 1,552.46.

Japan’s benchmark Nikkei 225 dropped 2.4 percent to close at 12,338.53 after Kuroda’s remarks.

Hong Kong’s Hang Seng lost 0.5 percent to 22,115.30. South Korea’s Kospi fell 0.1 percent at 1,948.71. Benchmarks in Singapore, Taiwan and Indonesia also fell.

Mainland Chinese shares gained for the fourth straight trading day, with the Shanghai Composite Index up 0.1 percent to 2,328.28 while the smaller Shenzhen Composite Index gained 0.3 percent to 960.84.

Australia’s S&P ASX 200 rose 0.2 percent to 4,967.30.

Oil prices rose, with benchmark crude for May delivery up 20 cents to $92.61 a barrel in electronic trading on the New York.

The euro rose to $1.2946 from $1.2899 in late trading Thursday, while the dollar was steady against the yen at 94.89.

—————

By Toby Sterling, AP business writer. Associated Press business writer Kelvin Chan contributed to this story from Hong Hong.

Comments

comments

The Associated Press

.

News

Time to give thanks for nature’s beauty

By Enterprise staff | From Page: A1 | Gallery

 
Food fight … in a good way

By Tanya Perez | From Page: A1 | Gallery

Fremont Weir parking lot remains closed

By Elizabeth Case | From Page: A1

 
Occupy movement settles in at UC Davis

By Tanya Perez | From Page: A1 | Gallery

Guard reinforcements contain damage in Ferguson

By The Associated Press | From Page: A2 | Gallery

 
Weather affecting Thanksgiving travelers

By The Associated Press | From Page: A2 | Gallery

 
Happy Thanksgiving from The Enterprise

By Enterprise staff | From Page: A3

Free bike clinic, ride set Sunday

By Enterprise staff | From Page: A3

 
Year-end films to see, or not, on KDRT

By Enterprise staff | From Page: A3 | Gallery

 
LCI marks 50 years with special service

By Enterprise staff | From Page: A3

Pedal around Davis on weekly bike ride

By Enterprise staff | From Page: A3

 
Senior Center hosts holiday sing-along

By Enterprise staff | From Page: A4

Sutter sponsors qigong for holiday de-stress

By Enterprise staff | From Page: A4

 
Learn to use Skype at Connections Café

By Enterprise staff | From Page: A4

Girls who volunteer may apply for grant

By Enterprise staff | From Page: A4

 
Round up at the registers for Davis schools

By Enterprise staff | From Page: A4

Davis Community Gift Project brightens holidays for children

By Anne Ternus-Bellamy | From Page: A4

 
Speaker proposes changes in humanities doctorate

By Special to The Enterprise | From Page: A4 | Gallery

Boy Scouts start Christmas tree sales on Friday

By Enterprise staff | From Page: A5

 
Volunteers needed to grow plants for habitat restoration

By Special to The Enterprise | From Page: A5 | Gallery

Rainbow City community meeting set Dec. 1

By Special to The Enterprise | From Page: A12

 
.

Forum

She wants more from him

By Creators Syndicate | From Page: B5

 
Innovation parks comparison

By Letters to the Editor | From Page: A6

Tom Meyer cartoon

By Debbie Davis | From Page: A6

 
Musings in the wake of Ferguson decision

By Special to The Enterprise | From Page: A6

Planting love at new home

By Letters to the Editor | From Page: A6

 
.

Sports

Let’s not lose another good DHS coach

By Chris Saur | From Page: B1

 
Blue Devils prepare for a new season on the mat

By Evan Ream | From Page: B1 | Gallery

No excuses, but there’s hope for UCD after 2-9 season

By Bruce Gallaudet | From Page: B1

 
Joseph, Manzanares lead 10 All-Big Sky Aggie picks

By Bruce Gallaudet | From Page: B1 | Gallery

DHS wrestling is not just for boys

By Evan Ream | From Page: B1 | Gallery

 
Davis Little League offers early sign-up discounts

By Enterprise staff | From Page: B2

 
Kings get past Pelicans

By The Associated Press | From Page: B6

.

Features

Salute to non-steamed broccoli

By Dan Kennedy | From Page: A7 | Gallery

 
.

Arts

It really is ‘The Best Christmas Pageant Ever’

By Debra DeAngelo | From Page: A11 | Gallery

 
.

Business

.

Obituaries

Elzyne Thompson

By Special to The Enterprise | From Page: A4

 
Death notice: Buddy Ralph Mills

By Special to The Enterprise | From Page: A4

.

Comics

Comics: Wednesday, November 26, 2014

By Creator | From Page: A9

 
.

Ready, Set, Shop!

Shop locally: You can have your pie and eat it too

By Enterprise staff | From Page: RSS1

Santa’s little helper: secrets to happy holiday shopping

By San Francisco Chronicle | From Page: RSS2

Make sure it gets there: deadlines for shopping and shipping

By The Associated Press | From Page: RSS2

Downtown lights up at holiday open house

By Enterprise staff | From Page: RSS3

Full of warm wishes and over-sharing, the holiday card lives on

By The Associated Press | From Page: RSS4

Shop smart: Protect your wallet and your identity this shopping season

By Special to The Enterprise | From Page: RSS5

Woodland celebrates the holidays downtown

By Special to The Enterprise | From Page: RSS5