SAN FRANCISCO, May 31- An agreement on Tuesday by four major U.S. internet companies to block illegal hate speech from their services in Europe within 24 hours shows the tight corner the companies find themselves in as they face mounting pressure to monitor and control content. The new European Union "code of conduct on illegal online hate speech" states that... » Read More
European shares look set for a lower open on Friday ahead of Saudi Arabia's "Day of Rage" and the European Union Summit in Brussels.
Debt crisis? What debt crisis? The EU leaders want to work on their competitiveness pact at their March 11 meetup. Expect the euro to continue slipping.
Euro traders are glum ahead of the EU summit, and rate cuts sting in New Zealand. It's time for your FX Fix.
European futures fell further on Thursday after Moody's announced that it had downgraded Spain's sovereign debt by one notch to Aa2 with a negative outlook.
Local residents in a small town north of Athens, angry at losing their exemption from paying tolls for using a 500m stretch of motorway, raised a banner saying “Den Plirono” (“I won’t pay”). In four months, Den Plirono has grown to a nationwide anti-austerity movement, reports the Financial Times.
New rules capital requirement for banks in Spain come into force on Thursday and Spain's vulnerable savings banks are looking around for any extra cash.
Many in Europe worry that they will face new waves of illegal immigration not only from the liberated areas in the north, but from much of sub-Saharan Africa as well, the New York Times reports.
Around the world, people’s relationship with alcohol varies greatly. In some places it is a point of national identity, in others it has become detrimental to a country's overall health.
Currency traders eager for an interest rate hike by the European Central Bank have large long euro positions. Here's a trade to take the other side.
Key parts of a stress test for European banks designed to raise investor confidence in the sector have been softened by regulators despite widespread derision of a similar exercise last year, which was seen by financial markets as too lax, reports the Financial Times.
European shares look set to open slightly lower Wednesday as on mixed Asian markets and lower oil.
The euro zone is highly likely to survive, albeit not without further turbulence, according to Martin Wolf from the Financial Times.
After trading higher for days, the euro is giving up ground. Instead of focusing on potential interest rate hikes, traders are looking ahead to the upcoming European leaders' meeting and the stubborn sovereign debt crisis. Euro fatigue, anyone?
What a difference a day makes: The dollar is not in freefall for a change, and the euro is slipping. It's time for your daily FX Fix.
Kate Kelly goes one-on-one with the two key players behind an ambitious new UK hedge fund launching in early April, which is promising its investors outsized returns using millions of random tweets to predict changes in the stock market.
Last fall, Indiana University informatics professor Johan Bollen stumbled upon an astonishing connection: That the social network Twitter could predict swings in the Dow Jones Industrial Average with 87 percent accuracy.
European stocks are set to buck the recent trend of losses, at least for the start of trading, and open higher Tuesday on lower oil and mixed markets in Asia.
The price of oil is soaring and European leaders have their work cut out for them on the sovereign debt crisis - but the euro has rallied. Investors, be careful.
Traders are "short" the dollar at record levels, and Moody's has downgraded Greece - a lot. It's time for your FX Fix.
European stocks look set to open lower on Monday as ongoing unrest in Libya sent U.S. and Brent crude to new 2-1/2 year highs.