EU Commission proposals go beyond international guidelines. BRUSSELS, Feb 12- New rules to tackle multinationals' tax avoidance should not go beyond the scope of international guidelines, European Union finance ministers said on Friday, raising concerns about some of the proposals made by the European Commission in January. To reduce corporations' tax...» Read More
Fears are growing that Greece or another weak country may default on its sovereign debt obligations, forcing the richer countries in Europe to ride to the rescue or face the risks, the New York Times reports.
The European Summit kicked off Friday with Greece's mounting debt and deficit problems at the head of the conference agenda.
The renewed rivalry between France and the UK is still growing. And this time agriculture is the altercation.
The world may be focused on the debt crisis that has submerged the emirate of Dubai, but in Europe investors are also watching the situation unfolding in Greece and whether it could be the next shoe to drop.
It is hard to tell how the situation will work out and/or whether it will still act as a trigger for a broader correction in the "risk" oriented trades. It could be shrugged off as unsurprising since, as the Wall Street Journal reported on Monday, "investors have known for months that Dubai World was dangerously indebted."
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European heads of states appointed Baroness Catherine Ashton as the European Union's foreign-policy chief, the so-called first EU Foreign Minister, Thursday evening.
A British charity is pioneering the idea of reducing the country's bulging debt by encouraging people to buy gift vouchers that will be sent to the Treasury.
A weird thing is happening right now, and it borders on the dangerous. Companies want to merge, and partner, and collaborate, and they have lots of cash on the balance sheet, ready to do deals that may help jumpstart their businesses, light a fire under sluggish markets, increase efficiencies, and generate nice returns for their investors. Yet federal agencies in this country and abroad aren't merely getting more active when it comes to scrutinizing the deals, they're getting activist.
The Bank of England's injection of 175 billion pounds ($289 billion) into the economy hasn't yet pulled Britain out of recession, and the central bank now faces a difficult decision on whether to raise the stakes.
New York Attorney General Andrew Cuomo filed some salacious charges this morning, accusing Intel of using "illegal threats and collusion" to control the microprocessor market.
Joint ventures with a family business and a show-business icon are key in Diageo's vodka plans.
The International Monetary Fund and the EU have pumped billions of euros in Central and Eastern European countries, but their economies are still suffering.
Do you remember that very strong European Competition czar who battled Microsoft and Intel, accusing them of anti-competitive behavior? The question now is: will she be strong enough to battle Germany’s Angela Merkel?
An enormous precious stone listed on a now bankrupt company's books for the value of 11 million pounds ($17.4 million) is probably not worth more than 100 pounds, British media reported Friday.
Twenty-two large banks in Europe may have accumulated credit losses of close to $580 billion for this year and next, the New York Times reports.
Speculation that the European Commission could order a breakup of Lloyds Banking Group is nonsense, but the possibility that the Commission could order the group to sell some assets should come as no surprise, a senior commission officer told CNBC Thursday.
The World Trade Organization on Friday handed the United States and European Union its long-awaited intial decision in their dispute over government financing for airplane makers.
Uncertainty about Sun Microsystems' future appears to have contributed to serious erosion in the company's market share for computer servers in the latest quarter, according to new data being released Wednesday.
The world economy needs a second stimulus if it is to avoid the fate of Japan in the 1990s when it was stuck with years of sluggish growth, Nobel laureate and professor of economics Paul Krugman told CNBC.