(Bloomberg) -- Stocks rose around the world as the
$20 billion purchase of Hilton Hotels Corp. sparked a rally in
European hotel shares and Asian exporters gained on signs of
diminishing tension in the Korean peninsula.
Shares of Accor SA, Europe's largest hotel company, and
InterContinental Hotels Group Plc, the owner of the Holiday Inn
chain, posted the biggest gains in Europe after Hilton agreed to
be taken private by Blackstone Group LP. Samsung Electronics Co.
and Kookmin Bank led Asian stocks higher after North Korean
leader Kim Jong Il signaled he is ready to begin dismantling the
communist state's nuclear weapons program.
Read more at Bloomberg Stocks News
$20 billion purchase of Hilton Hotels Corp. sparked a rally in
European hotel shares and Asian exporters gained on signs of
diminishing tension in the Korean peninsula.
Shares of Accor SA, Europe's largest hotel company, and
InterContinental Hotels Group Plc, the owner of the Holiday Inn
chain, posted the biggest gains in Europe after Hilton agreed to
be taken private by Blackstone Group LP. Samsung Electronics Co.
and Kookmin Bank led Asian stocks higher after North Korean
leader Kim Jong Il signaled he is ready to begin dismantling the
communist state's nuclear weapons program.
Read more at Bloomberg Stocks News
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