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Asian shares set to dip as oil tops $100

Asian shares set to dip as oil tops $100 SINGAPORE -- Asian stock indexes were headed for a flat to weaker start on Wednesday after a jump in oil prices to a record high above $100 a barrel renewed fears about consumer spending and economic growth
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NEW YORK — Shares of European banks traded on U.S. exchanges moved higher Tuesday, with shares of Barclays Group PLC of Britain rising after it reported a small increase in write-downs for the fourth quarter.

Barclays led the gainers in the sector after it reported a write-down of 1.6 billion pounds, or $3.12 billion, in credit losses connected to the U.S. subprime mortgage market. That was up only slightly from its 1.3 billion-pound ($2.53 billion) write-down in November. Barclays said its full-year profit fell 3 percent.