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CNBC's Ross Westgate reports on all the market moving events from Europe, as the EU budget summit is set to reconvene later in the day.
Barclays Chief International Economist Julian Callow says market tension will have to increase for Spain to request assistance from the OMT (Outright Monetary Transaction) program.
Boris Vujcic, governor of Croatia's central bank, says demand from the euro zone has still not picked up after the 2009 crisis.
Shrinking incomes are leading more families to switch to cut-price convenience foods, the Global Post reports.
In space no one can hear you scream. But they may be able to hear you moan about debt crises and squabble over how to keep your astronautical ambitions from crashing back down to Earth, the Global Post reports.
Ivana Gazic, CEO of the Zagreb Stock Exchange, says European Union membership for Croatia is "extremely critical" for expanding the exchange.
Enough of the pessimism over the euro zone, says one analyst, who points out that the disaster scenarios anticipated by financial markets for the region have not played out, leaving the euro poised for a strong rally that could take it to $1.50 next year – a 17 percent gain from where it is now.
Until recently, Jordi Parellada a singing teacher from Barcelona, would never have seen himself voting for Catalan independence. The FT reports.
Clifford Bennett, Chief Economist, Orb Global Investments explains why he sees upward pressure on the euro, and forecasts that it could hit 1.5 against the U.S. dollar in 2013.
These 10 U.K. entrepreneurs went from minor start-ups to globally recognized brands.
German objections to suffering losses on official loans to Greece have forced the euro zone to explore more complex means of helping Athens cope with its debt mountain. The FT reports.
Despite bucking the economic gloom of the euro zone in recent years, Poland’s Finance Minister warned that the region’s debt crisis could derail Poland's progress.
Data pointing to promising levels of bank lending and money supply in the United States, which have been touted as signs of a recovery, should be treated with caution according to Albert Edwards, strategist at Societe General.
President Obama skipped dessert at a long summit meeting dinner in Cambodia on Monday to rush back to his hotel suite. It was after 11:30 p.m., and his mind was on rockets in Gaza rather than Asian diplomacy. He picked up the telephone to call the Egyptian leader who is the new wild card in his Middle East calculations, the New York Times reports.
Amid wrangling over how much money the European Union spends at a time of grinding austerity across the Continent, Martin Ehrenhauser, an Austrian member of the European Parliament, lobbed a sobering question this summer at the union’s Brussels bureaucracy: How many bottles of booze does it have stocked in its wine cellars, the New York Times reports.
The U.S. embassy in Paris has taken the unusual step of flatly denying a French report that Washington was responsible for a cyber attack on the Elysée palace shortly before Nicolas Sarkozy was succeeded as president by François Hollande in May this year, the Financial Times reports.
When the hacker group Anonymous attacked the website of the Organization for Cooperation and Security in Europe last week, it said it was responding to the OSCE’s “betrayal of democratic values” following Ukraine's October parliamentary elections. The Global Post reports.
Hopes were rising in Brussels that an unlikely deal with the U.K. over the EU’s long-term budget was taking shape, although the chief negotiator was trying to resolve a deluge of last-minute complaints from other countries on the eve of what could be a gruelling summit. The FT reports.
Christopher Ferrarone, Global Equity Strategist, UBS says that ECB's "Outright Monetary Transactions" programme is meaningful and that Europe's recovery will continue unless something drastic happens in Greece or Spain.
Adolfo Laurenti, Deputy Chief Economist & MD at Mesirow Financial, says there are a lot of conflicts to be reconciled at the European Union meeting but it is unlikely to result in a breakdown in budget talks.
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Rakesh Mohan, executive director at the IMF representing India, explains how falling oil prices and market turmoil in China impact the Indian economy.
Rakesh Mohan, executive director at the IMF representing India, says the country should be able to maintain a growth rate of seven to eight percent or more.
Francesco Starace, CEO of Enel, talks about the outlook for world energy markets.