European shares were flat on Friday as discussions over the U.S. "fiscal cliff" stalled.» Read More
The UK’s plan to reform the world’s most important lending rate will guide a global drive towards more transparent and reliable pricing for everything from home mortgages and gold to heating oil, regulators said on Friday. The FT reports.
As politicians hurl mud ahead of the election, investors might do well to ponder what “the economy, stupid” means in 2012.
European markets are set to extend losses on Monday as investor concerns turn to Spanish bank recapitalization needs and a possible downgrade to the country’s credit rating.
Industry leaders and regulators in several countries including Canada, Australia and Germany have adopted or proposed limits on high-speed trading and other technological developments that have come to define United States markets, the New York Times reports., the New York Times reports.
France will find it “almost impossible” to hire top talent if the government goes ahead with plans to impose a 75 percent marginal income tax rate, the head of L’Oréal, one of the country’s biggest companies by market value, has said. The FT reports.
European shares ended higher Thursday, lifted by expectations for economic stimulus in China, and as the Spanish government held an eagerly-awaited news conference on the 2013 budget and on economic reforms.
Renewed jitters over Europe, growing fears about China and the U.S’s precarious fiscal situation all bode poorly for the recent stock rally, which could correct as much as 25 percent in the coming months, an investment manager said Wednesday.
“A man’s got to know his limitations,” says “Dirty Harry” Callahan, the gun-toting, rule book-ignoring cop immortalised by Clint Eastwood in Magnum Force. It is a principle the US Federal Reserve could learn from, the FT reports.
Euro zone equities suffered their worst session in two months on Wednesday, as violent anti-austerity protests in Greece and Spain underscored the hurdles the bloc faces on its road out of recession and financial crisis.
Should Germany leave the euro? It is, after all, the big country with an obvious exit option. The question becomes more pertinent after a new decision by Angela Merkel.
To say that the choice of Tim Pawlenty to represent the banking industry is odd would be an understatement, but his appointment is the clearest sign yet of the flexible ethic that makes the revolving door in Washington spin faster.
If life in the euro zone’s economically embattled periphery was not bad enough, now the coffee culture emblematic of southern Europe is under siege. Italians are having to cut back on their cappuccinos and espressos and Spaniards are dropping their cortados, contributing to a sharp drop in wholesale coffee prices. The FT reports.
European shares closed higher across the board Tuesday after ECB President Mario Draghi defended the central bank's bond-buying program after a meeting with German Chancellor Angela Merkel and following upbeat U.S. economic reports.
European shares closed lower Monday, as a drop in German business sentiment and fresh worries over Spain and Greece pushed nervous investors towards more defensive equity sectors such as health-care stocks.
Profit-starved hedge fund managers, best known as masters of the financial universe, are turning to an unlikely place for their next windfall: the unglamorous world of long-only asset management. The FT reports.
European equities rose on Friday, briefly testing last week's 14-month highs, as banking shares were lifted by speculation Spain was moving towards a bailout request.
The Italian government has slashed its economic growth forecast for 2012, saying the eurozone’s third largest economy is now heading for a contraction of 2.4 per cent, twice as deep as it previously estimated. The FT reports.
Forget the sharp slide in oil prices. What’s really concentrating minds in oil markets is the huge sums at stake in a bet on the direction of Brent and WTI — the world’s most heavily traded crude benchmarks.
European shares closed lower Thursday, hurt by a disappointing business activity report and amid ongoing worries over global growth.
Indian opposition parties and shopkeepers launched a day of protests and strikes on Thursday against a rush of economic reforms by the Congress-led coalition government, which include cuts in diesel fuel subsidies and the liberalization of the retail trade. The FT reports.