BRUSSELS, Aug 27- Google, the world's most popular Internet search engine, rejected on Thursday European Union antitrust charges that it abused its market power, saying they lacked any economic or legal basis. "Economic data spanning more than a decade, an array of documents and statements from complainants all confirm that product search is robustly...» Read More
The once-booming CEE is stealing the limelight again but this time for less palatable reasons. As one analyst put it, "Eastern Europe's problem is a greater weight on the Western European nations than the subprime is in the United States."
European Union regulators said Wednesday they would drop a threat to fine MasterCard after the company promised to temporarily cut fees it charges for cross-border card purchases which can hike costs for shops.
With other central banks acting to create money out of thin air because they cannot lower short-term interest rates any further, the ECB remains wary of the specter of inflation.
The European Commission was embarrassed when The International Herald Tribune reported last December that the commission had bought 21 deluxe espresso makers costing 5,000 euros each, then about $7,500.
The leaders of the European Union gathered Sunday in Brussels in an emergency summit meeting that seemed to highlight the very worries it was designed to calm: that the world economic crisis has unleashed forces threatening to split Europe into rival camps. The New York Times reports.
The development boom that turned Poland, Hungary and other former Soviet satellites into some of Europe’s hottest markets is on the verge of going bust, raising worrisome new risks for the global financial system that may ricochet back to the United States.
Nationalizing insolvent US banks is the best solution to avoid a Japan-like scenario in which 'zombie' financial institutions would eat up public resources while the US economy would teeter on the brink of depression, Nouriel Roubini, economics professor at NYU and chairman at RGE Monitor told CNBC Tuesday.
The most obvious pothole on the road to reparation is mark-to-market valuation; and it remains a mystery to me as to why this less than two-year old accounting rule remains the most ignored portion of debate.
It doesn’t take a huge amount of bad news to push investors back into the safe arms of the bond market these days.
If stock markets are about poetry (and certainly more tragedy than comedy these days) bond markets are a lot more about prose. So it’s easy to see the iron in the fact that the finances of the nation of poets is coming under real and sustained pressure not from what’s happened in its equity markets, but rather its debt.
This sector's taken a bit hit lately. But if Washington smiles on this alternative fuel, at least one stock might do well.
The euro will not be around in the next 20 years, but Britain would have been better off had it joined the single European currency when it had a chance, legendary investor Jim Rogers told a British newspaper.
Voices in favor of nationalizing major UK banks to save them from a mauling in the markets strengthened, sending banks' share prices into a roller coaster of hope and dismay.
The woman who pulled in European money for Bernie Madoff has disappeared from view, the New York Times reports.
And that means a chance at big returns for investors, Cramer says.
A European Union high court on Tuesday scrapped a trademark for Anheuser-Busch's famous "Bud" beer name in Europe, handing a legal victory to Czech rival Budvar.
When the Federal Reserve policymakers decide on interest rates Tuesday, investors will probably look one step beyond their decision, to gauge how much money will the Fed be willing to print once it is out of rate ammunition.
German Finance Minister Peer Steinbrueck singled out British Prime Minister Gordon Brown for criticism in a "Newsweek" interview, accusing him of switching to economic policies that would saddle a generation with debt.
Bonds look more attractive than stocks in the current climate, as share prices may take another dive, and investors should worry about preserving the money they have rather than making any more, Hugh Hendry, chief investment officer and partner at Eclectica told CNBC.
U.S. President-elect Barack Obama got a write-in vote in the north-eastern city of Iasi in Romania, where a disgruntled voter preferred him to seven local politicians competing for seats in parliament, Romanian news agency Rompres reported Monday.