LONDON, Sept 1- The European Union should conduct annual "coherence and consistency" checks on its financial rules from next year to avoid crimping the flow of funds to the economy, a European Parliament draft report says. The bloc's executive European Commission has already said it is willing to propose changes to rules made in haste. Germany, France and Britain...» Read More
German Chancellor Angela Merkel has made it clear to French President Nicolas Sarkozy that Germany will firmly resist any efforts to impinge upon the European Central Bank's independence, Der Spiegel news magazine reported on Sunday.
European Union antitrust regulators approved the takeover of Spain's largest utility Endesa by Acciona and Italian utility Enel on Thursday.
EU regulators fined Spain's Telefonica 151 million euros ($205 million) on Wednesday, claiming the company unfairly squeezed rivals by setting wholesale Internet prices too high to allow them turn a profit.
Private U.S. equity firm Cerberus won approval from the European Commission on Tuesday to buy the Chrysler operations of auto giant DaimlerChrysler, under a simplified procedure.
France will press its European Union partners for more time to balance its budget so that it can implement structural reforms, the country's Europe minister said in an interview published today.
Inflation in the 13 nations that share the euro held steady at 1.9% in June while business and consumer confidence slipped slightly after soaring a month earlier, the European Commission said Friday.
The European Commission on Wednesday blocked an attempt by Ryanair to acquire rival Irish carrier Aer Lingus, marking only the second merger prohibition by the EU executive in four years.
Ryanair chief executive Michael O'Leary on Tuesday slammed a European Commission plan to veto its attempt to take over Irish rival Aer Lingus, calling the move politically motivated to appease Dublin.
Eurozone services growth unexpectedly powered ahead in June at its fastest clip since last year's World Cup soccer tournament while manufacturing expansion also gathered pace, suggesting interest rates have further to climb.
Mail delivery across the European Union should be liberalized by 2011, a panel of EU lawmakers recommended, backing countries such as France and Luxembourg seeking a postponement of the 2009 deadline proposed by the EU's executive arm.
The direction of bond yields will be the key factor for European stock markets next week, according to Bruno Verstraete, CEO of Nautilus Invest.
The EU executive suggested stepping up budget rules Wednesday, saying it wanted national parliaments to be more involved in watching public spending as part of a wider effort to keep EU economies' debt and deficits within agreed limits.
The European Union on Wednesday opened an investigation into whether French companies get an unfair edge on the EU market from state-financed, low electricity tariffs.
Swiss drugmaker Novartis said Wednesday it has received European Union approval for flu vaccine Optaflu.
A European Union high court on Tuesday upheld several Anheuser-Busch trademarks relating to its Budweiser beer, dismissing a challenge from its Czech brewing rival Budejovicky Budvar.
This meeting of the world's richest nations may be the most challenging one for the U.S. in years, given the growing power of Russia and China.
With rising interest rates in Europe and no sign of a near-term change in interest rates in the U.S., is the current U.S. economic picture a sign of what’s to come for Europe? As CNBC’s Steve Liesman explained, since 1999, monetary policy at the European Central Bank and at the U.S. Federal Reserve has essentially moved in tandem. But a year after the Federal Reserve stopped raising rates, the ECB rate hikes continue. ...
The European Central Bank has revised upward its 2007 forecasts for euro zone growth and inflation, according to Financial Times Deutschland, citing sources.
Cell phone users in the European Union could enjoy cheaper rates for calls made and received abroad as early as August, after EU lawmakers endorsed a deal Wednesday to cap mobile phone roaming fees in the 27-nation bloc.