Earlier this month Moët Hennessy became the latest French winemaker to announce a Chinese joint venture, this time to produce sparkling wine in the remote north-western Ningxia, but some wine experts believe the world is not quite ready for Asian wine.
European stocks were expected to open significantly lower on Wednesday, despite a slight bounce on Tuesday’s close with gains for miners on Glencore’s first day of regular trading on the London Stock Exchange.
European leaders are pushing to impose measures that would ensure the Greek government lives up to its promise to deliver €50 billion ($70 billion) in privatization proceeds, amid skepticism that Athens can carry out the sell-offs reports the FT.
Private debtholders, including euro zone banks, should accept a debt extension or other form of "soft default" to alleviate the debt burden for countries such as Greece if Europe wants a solution to the sovereign debt crisis, Bill Gross, Co-CIO of PIMCO told CNBC on Tuesday.
The bad news just keeps coming for the euro, and it's taken a tumble in the last week. Here's how to trade it now.
Firming commodity prices are lifting commodity currencies, but rumors are sinking the British pound— time for your FX Fix.
Another volcanic ash cloud threatening European airspace, a threat to downgrade Belgium's credit rating and Moody's warning that it could cut UK banks' credit ratings did not make for pretty reading for investors Tuesday.
The best type of restructuring for investors is austerity, a type of debt default that sees a government renege on its obligations to its own people rather than bond holders according to Christian Gattiker-Ericsson, the chief strategist and head of research at Julius Baer.
European property markets bounced back in 2010 and look set to continue to grow, following a slump during the financial crisis, according to research from property consultancy DTZ.
Fitch became the second ratings agency to threaten Belgium with a credit downgrade on Monday, saying a lack of government undermined budget efforts in one of the euro zone's most indebted states.
German taxpayers are unhappy about a Greece bailout, says Dennis Gartman, The Gartman Letter.
John Lipsky, acting managing director of the International Monetary Fund, told CNBC Monday he will be retiring Aug. 31 when his term as first deputy ends.
Greece will create a sovereign wealth fund composed of real estate and state-owned assets as it looks to accelerate its deficit reduction program, according to the Greek finance minister George Papaconstantinou.
The European Union has extended a blacklist of individuals and companies with links to Iran’s nuclear and ballistic missile programs as it looks to clamp down on investment and technology transfer into the country.
With divisions over how to respond to the Greek debt crisis worrying investors, one analyst believes there are considerable short-term risks for the euro.
The CEO of Europe's largest insurer by gross premiums and market capitalization has called for more aid for Greece and a plan to help the country's growth, according to German media reports.
In the face of an unwavering adherence by the US to highly accommodative policies, China is faced with the prospect of recycling its ever growing FX reserves into nations or regions that it probably has fundamental fiscal concerns about.
As he prepares to stand down from the European Central Bank later this year, Jean-Claude Trichet could be forgiven for asking himself why he bothers. Having steered the euro zone through crisis after crisis, the criticism of his time running Europe’s central bank gets louder and louder.
European stocks were expected to open lower on Monday following a further downgrade of Greece's credit rating by rating agency Fitch and after Standard and Poor's decision at the weekend to revise its outlook for Italy to "negative" from "stable".
The European Central Bank is facing a potential crisis of its own because of "skeleton" risks amounting to several hundreds of billions of euros on its balance sheet, Dow Jones reported quoting Der Spiegel magazine.