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A draft final statement at a European Union summit on Friday set a binding target of 20 percent of renewable sources in EU energy consumption by 2020 but offered flexibility on how member states meet that goal.
The European Central Bank raised its key interest rate a quarter point to 3.75%, as widely expected, Thursday, while the Bank of England held rates steady for the second month in a row at 5.25%.
Carrefour, Europe's biggest retailer, posted a 3.3% rise in 2006 net profit Thursday, with a weaker performance in its home market in France dampening robust growth elsewhere.
Struggling auto maker Ford Motor expects its Ford Europe and Premier Automotive Group divisions to report a profit in 2007, according to a Ford executive, indicating its turnaround at those businesses may be gaining traction.
Is now a good time for investors to rethink their international strategies? John Praveen, Chief Investment Strategist at Prudential International Advisors and Reiner Triltsch, head manager of the U.S. Trust Excelsior Funds, joined "Street Sign’s" Erin Burnett this afternoon to take a closer look at current investment opportunities abroad.
Unemployment in Ireland rose slightly last month to 4.3%, according to government statistics released Friday.
Inflation in the 13 nations that share the euro currency slowed by more than expected to 1.8% in January, the EU statistics agency said Wednesday, a figure that may undermine the European Central Bank's case for raising interest rates again next month.
The European Central Bank and the Bank of England both kept interest rates steady Thursday, and now investors will be looking to the ECB press conference for more insight on when European rates will rise.
Russia's Central Bank said Thursday that it had appointed a new deputy chairman to replace Andrei Kozlov, who was shot dead in a crime widely seen as related to his efforts to clean up the country's banking industry.
Beer causes fights. Beer kindles friendships. In the case of Anheuser-Busch and its longtime Czech rival, beer is making both things happen at once.
Belarus has ordered a halt to deliveries of Russian oil that goes via its territory to Germany, Poland and Ukraine, the Interfax news agency reported Monday citing an official from the Belarusian section of the export pipeline.
An energy crunch that chokes fuel supplies, dims the lights at homes and workplaces, and ravages Western economies may no longer be the stuff of 1970s history books. It could be a vision of the near future.
Russia has received official notification that Belarus has imposed a transit duty on its oil exports, but does not expect an escalating trade row to disrupt crude oil supplies to Europe, the Kremlin said on Thursday.
U.S. acquirers spent $109.6 billion buying European companies in 2006 over a total of 740 transactions. That marks almost a 15% increase over the number of deals in 2005.
Slovakia's central bank on Thursday began buying up euros in a bid to stem appreciation of its own currency, the koruna, a bank spokesman said.
Royal Dutch Shell has made a new offer to Gazprom on terms for the state-controlled Russian natural gas giant to join a Shell-controlled energy project off the Pacific island of Sakhalin, a company official said Monday.
Russian water protection authorities have suspended licenses from a subcontractor of the Shell-led liquefied natural gas project Sakhalin-2.
Poland's jobless rate fell to a five-year low of 14.8% in November, edging down from 14.9% in October, the labor minister said Wednesday.