Frankfurt - European shares charged out of the gates Tuesday after US and Asian stocks rocketed up on renewed hopes that global coordinated action will help to shore up investor and economic confidence.
Within a few minutes of opening, Europe's blue-chip Stoxx 50 had climbed 3.1 per cent to 2,393 points.
The jump in European stocks came in the wake of New York's Dow Jones Industrial Average chalking up its biggest one-day points gain in history Monday, rising 936.42 points, or 11.08 per cent, to close at 9,387.61.
Frankfurt - Author Uwe Teller won on Monday the German Book Prize, an annual, 25,000-euro (34,000-dollar) award for German-speaking novels, the judges announced in Frankfurt.
He gained the award for The Tower, a monumental work describing the collapse of communist East Germany two decades ago.
Teller, 39, a medical doctor, was born in the eastern city of Dresden and jailed in 1989 for "political unreliability" just before communism ended.
Frankfurt - German shares surged as trading began Monday in a positive market response to the massive bail-out measures agreed at the weekend by European leaders.
The DAX-30 index jumped almost 5.4 per cent in the opening minutes to 4,788.74 points. The MDAX of medium-sized companies gained 8.46 per cent to 5,776.17 points, and the TecDAX list of technology shares gained 8.75 per cent to 561.95 points in the opening minutes.
Frankfurt - German prejudices towards Turks, but also Turkish prejudices against Western people, came under scrutiny Saturday at a symposium on the eve of the Frankfurt Book Fair.
Turkey and its literature are special guest at the annual publishing trade show, which begins Wednesday.
"We need to probe all the cliches to figure out to what extent they are true," said Murathan Mungan, a leading Turkish author, in a keynote address beginning the two-day conference among intellectuals of the two nations.
Frankfurt - The European Central Bank (ECB) on Tuesday provided 250 billion euros (338 billion dollars) to commercial banks in a regular one-week loan at an interest rate of 4.99 per cent.
Frankfurt - European shares charged out of the gates Tuesday after US and Asian stocks rocketed up on renewed hopes that global coordinated action will help to shore up investor and economic confidence.
Frankfurt - Author Uwe Teller won on Monday the German Book Prize, an annual, 25,000-euro (34,000-dollar) award for German-speaking novels, the judges announced in Frankfurt.
Frankfurt - German shares surged as trading began Monday in a positive market response to the massive bail-out measures agreed at the weekend by European leaders.
Frankfurt - German prejudices towards Turks, but also Turkish prejudices against Western people, came under scrutiny Saturday at a symposium on the eve of the Frankfurt Book Fair.
