BRUSSELS, Oct 4- Nineteen EU member states have requested opt-outs for all or part of their territory from cultivation of a Monsanto genetically-modified crop, which is authorised to be grown in the European Union, the European Commission said on Sunday. Although widely grown in the Americas and Asia, public opposition is strong in Europe and...» Read More
While the market pullback isn't even in the realm of a correction, worries that Europe's debt crisis could hurt the global economy are weighing on what otherwise could be a robust rally.
European shares are expected to retreat on Friday after gains in the previous two sessions, with persistent concerns about euro zone debt problems and Chinese inflation seen putting pressure on the market.
Ireland is actually in a better economic position than other struggling euro zone states, Chris Watling, managing director at Longview Economics, told CNBC Thursday.
Abu Dhabi Commercial Bank is suing Credit Suisse and credit rating agency Standard & Poor's, alleging it was misled over a 2007 investment that went sour.
European shares were set to open higher on Thursday, adding to gains in the previous session, and after Wall Street rose on upbeat economic data.
Nations are left with old playbooks and fewer choices by which to resolve their respective problems. This means that time, devaluations, and debt restructurings might be the only way out for many nations. It also means the citizenry will require politicians that can think outside of the box and act with greater unity and resolve than perhaps they are used to.
Things are getting better in the long term when it comes to the banks and Europe, H. Rodgin Cohen, senior chairman at the law firm Sullivan & Cromwell, told CNBC Wednesday.
What if the European Union broke up—and nobody bothered to tell you about it? Well, some are speculating that it has already happened.
Ireland faces an uphill struggle to survive the turmoil currently plaguing it, and the rest of Europe will need to stand by the country if it wants to avoid the debt crisis spreading further across the region, Mohamed El-Erian, CEO and co-CIO of Pimco wrote in a commentary piece for the Financial Times on Wednesday.
JPMorgan Chase is close to axing plans to build a £1.5 billion ($2.4 billion) European headquarters in Canary Wharf, opting instead for the former UK premises of Lehman Brothers, reports the Financial Times.
The surprisingly upbeat mood of German shoppers could have big implications for Europe. The Financial Times reports.
Financial bookmakers expect to see Europe's top indexes rising on Wednesday, with resource-related shares finding support in rising metal and commodity prices.
The Irish government is poised to take a majority stake in Bank of Ireland, which will leave the Republic without a single significant lender independent of state control.
Yesterday, we blasted the Bazooka Theory at work in the European Union's bailout of Ireland. Today the Wall Street Journal provides even more evidence of the stupidity of the theory:
Japan will be forced to take austerity measures similar to those embarked upon in many European countries, but Prime Minister Naoto Kan’s five-month-old government has so far failed to take decisive action to get Japan’s economy back on track, Tobias Harris, author of "Observing Japan" said.
Portugal is bracing for an increase in speculative trades against it as some investors expect it to be the next European nation to need a bailout now that Ireland is taking a massive loan to prop up its banks.
European stock index futures pointed to a lower open on Tuesday, as investors were rattled by mounting tensions in the Korean peninsula.
Doing what other US officials should have been doing all along, the Force, otherwise known as Gentle Ben, struck back last week and defended US monetary policy. But more importantly, in a very nice way, he told other nations to look to their own houses andback off on the criticism of the US.
The road into town is a potholed track, passing villages of log cabins and fallow fields that speak to the poverty that has gripped this part of central Russia for as long as anyone can remember. The New York Times reports.
George Osborne is set to water down plans to force disclosure of bank bonus payments above £1 million, in a move that will delight the City but sets up a political clash with business secretary Vince Cable and the Liberal Democrats, reports the Financial Times.