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
French President Nicolas Sarkozy urged transport workers on Tuesday to end a seven-day national strike over pension reform and give negotiations a chance.
Aer Lingus Group filed a lawsuit Monday in the European Union's second-highest court in hopes of forcing its main rival, budget airline Ryanair, to sell its shares in Aer Lingus.
The euro zone's unadjusted trade surplus rose in September despite the single currency's steady climb as annual export growth still outpaced imports despite a sharp slowdown from August, data showed on Friday.
France faces travel chaos on Wednesday as transport unions broaden a nationwide strike against pension changes that President Nicolas Sarkozy has pledged as part of an ambitious plan to reform the economy.
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The European Union's consumer chief dispelled industry fears on Saturday that she intends to introduce U.S.-style class action lawsuits across the bloc next year as part of her strategy to strengthen consumer rights.
Euro zone economic growth will be slightly better than expected this year thanks to a robust third quarter, but financial market turbulence will slow it next year and in 2009, the European Commission said on Friday.
Japanese and European antitrust authorities raided companies making cathode ray tubes on Thursday on suspicion of price-fixing.
The subprime fall-out continues to claim more victims. Merrill's came as a blow - and in what is now becoming predictable for financial companies trying to get ahead of the news agenda - UBS rushed out 24hrs early the bad news on exposure and trading outlook.
Britain only has itself to blame for how problems at Northern Rock turned into the first run on a UK bank in 140 years, the European Union's top financial regulator, Charlie McCreevy, is expected to say later Friday.
Turkey has a volatile economy whose growth rate has exceeded 6 percent in many years (and reached 9 percent in 2004), but suffered sharp reversals in 1994, 1999, and 2001.
Italy has a diversified, primarily industrial economy with roughly the same total and per capita output as France and the UK. In recent years, it has pursued a tight fiscal policy to meet the requirements of the European Union and has benefited from lower interest and inflation rates.
European markets closed firmly higher Tuesday, boosted by a rally in the U.S. and Asia and a further retreat by oil prices from record highs.
The European Court of Justice ruled illegal on Tuesday a German law that shields car maker Volkswagen from foreign takeovers.
Microsoft ended three years of resistance on Monday and finally agreed to comply with a landmark 2004 antitrust decision by the European Commission.
The major European indexes closed in the red Friday as fresh record highs in the price of oil and a soaring euro versus the dollar gave rise to economic concerns. Banking stocks were among the worst performers, with the Dow Jones STOXX banking index down 1 percent.
European Union leaders clinched final agreement on Friday on a treaty to reform the 27-nation bloc's institutions, replacing a defunct constitution and ending a two-year crisis of confidence in Europe's future.
Verbal discipline is key for the smooth functioning of currency markets, European Central Bank President Jean-Claude Trichet tells CNBC Frankfurt correspondent Silvia Wadhwa in an exclusive interview, a veiled plea to European leaders to stand by the ECB.
The Group of Seven meeting this month should focus on breaking down barriers to free trade rather than managing exchange rates, British finance minister Alistair Darling told Reuters in an interview on Wednesday.
A sprinkling of deal news, sinking oil prices and a firmer dollar are in the background as stocks edge higher Tuesday. The big news for markets though will come in the Federal Reserve's meeting minutes, set for release at 2 p.m. ET. The minutes of the September 18 meeting and the August 16 call will be released. Traders are watching for hints of what made the Fed take the aggressive step to slash the Fed funds rate by a half point, greater than the 1/4 point widely expected.