Oil fell as concerns that violence in the Middle East would disrupt supply faded, and the focus returned to a persistent market glut.» Read More
Italian banks, which are shareholders in the country’s central bank, want to have their stakes in the Bank of Italy marked-to-market on the back of surging gold prices.
European stock index futures pointed to a higher open on Tuesday after bullish comments by Warren Buffett helped Wall Street gain overnight .
After announcing a deal with the Irish government to buy the country’s largest savings bank, legendary investor Wilbur Ross, chairman and CEO of W.L. Ross & Co., told CNBC Monday that the European nation will have a V-shape recovery.
The dollar is continuing its slide and euro buyers are emerging, drawn by hopes for relatively attractive yields - but how long before Portugal needs a bailout? Your daily FX Fix, right here.
Ireland goes to the polls on Friday in a general election expected to sweep the ruling coalition from power – the first defeat for a eurozone government since the onset of the debt crisis.
Many economists think he should be the next person to run the European Central Bank. But among government leaders in Berlin and Paris, where many of Europe’s most important decisions are made, Mario Draghi, the governor of the Bank of Italy, generates a palpable lack of enthusiasm, reports the New York Times.
European shares were set to edge up on Friday, snapping five straight sessions of falls, after a retreat in crude prices.
European stocks were seen inching lower on Thursday, adding to this week's sell-off as mounting worries over unrest in Lybia sent U.S. crude oil futures above $100 a barrel.
Traders tell me stock markets are down in Europe today over fears about how its world class exporters could be hit by rising oil prices, specifically in emerging markets.
Switzerland spells safety - for now - and the European Central Bank is scolding political leaders. Here's your daily FX Fix.
Libyan unrest is boosting the dollar, and a European Central Bank hawk is helping the euro. Here's your daily FX Fix.
European shares are set to fall on Tuesday as concerns grow over the political unrest in Libya and Asian stock markets tumbled.
If previous EU responses to the euro crisis are any guide, investors should not be expecting a highly-coordinated, shock-and-awe approach like those we have seen from the US authorities.
A new law devised to help Greece crack down on tax cheats is only one of the many efforts Greek authorities have made over the past year to change what has long been a way of life in this country — rampant tax evasion. But so far, to little avail. The New York Times reports.
The leading party in Ireland's national election campaign wants to spread the pain from the nation's bank collapse to investors in bank bonds.
Traders point to the fact that there is no sign that Europe’s credit markets are beginning to seize up as they did last spring, with banks worrying about each other’s counter-party risk. That’s evident from the fact that there is no spike in LIBOR, the interest rate at which banks borrow unsecured cash from each other on London's wholesale market.
A mystery is brewing at the European Central Bank, and China is getting some indirect heat. Here's your FXFix for Friday.
Demand for emergency loans from the European Central Bank has stayed at unusually high levels for a second day in a row. The FT reports.
The Egyptian military defends the country, but it also runs day care centers and beach resorts. Since the ouster last week of President Hosni Mubarak, of course, the military also runs the government. And some say it has already begun taking steps to protect the privileges of its gated economy, reports the New York Times.
Spanish savings banks, which have been ordered to raise more capital by the government, are facing an uphill struggle to persuade investors to help them improve their balance sheets, reports the New York Times.