European stocks fell 1.7 percent on Friday, losing ground for the third time in four sessions as a dip in metal prices prompted investors to book recent lofty gains on mining shares.
Oil rallied again on Friday following a retreat after it reached a new record high of $135 a barrel, on the back of a weaker dollar and worries about production in countries other than the OPEC members.
Euro zone economic growth looks set for a sharp slowdown in the second quarter after a strong performance at the start of the year, data showed on Friday, but rocketing inflation will keep interest rates on hold.
The controversy over China's treatment of Tibet has had many discussing whether world leaders should skip the summer Olympics in Beijing. A survey in Germany and France found a majority believe their leaders should not attend the Opening Ceremonies.
European shares ended higher on Thursday, lifted by telecom stocks and by banks which gained on consolidation talk, while a dip in the price of crude took energy stocks lower.
Only arch dove Bank of England policymaker David Blanchflower wanted lower interest rates this month, with the remaining eight Monetary Policy Committee members keen to concentrate on inflation rather than growth.
Europe’s first quarter GDP growth was surprisingly strong, with Germany in particular benefiting from booming exports to the emerging world. Unfortunately it does not look like this will continue.
Warren Buffett tells reporters in Switzerland he can "guarantee" he won't buy a European company by the end of his tour this week. It's another indication his visit is designed to lay the groundwork for potential deals in the future, rather than actually pick up a company on the spot.
German investor confidence declined for a second straight month as rising inflation, the euro's near-record strength and high oil prices ate into expectations, a closely watched survey showed Tuesday.
CNBC.com and CNBC are planning live coverage of tomorrow's scheduled news conference by Warren Buffett in Switzerland, the second stop of his European shopping tour. It's set to begin tomorrow (Tuesday) morning at 8:45a ET. CNBC.com will provide a live video stream of the entire event. CNBC's Squawk Box also plans extensive live coverage.
Warren Buffett held a news conference this morning in Frankfurt as he began his four-day European tour to increase Berkshire's profile among family-owned businesses that may be looking for a buyer. This post includes a video clip of the first quarter-hour of Buffett's news conference.
Warren Buffett has held a news conference after arriving in Frankfurt for the first stop of his European tour designed to get on the "radar screen" of family-owned businesses that may want to become part of the Berkshire Hathaway family. In that session with reports this morning, Buffett repeated his intention to look for a company in a business he understands, with a durable competitive advantage and solid management.
European Central Bank President Jean Claude Trichet warned on Monday that the end of the credit crunch was not yet in sight and the world was experiencing an "ongoing and very significant market correction."
The credit crunch is far from over and is likely to hit sectors other than housing, Marc Faber, Editor and Publisher of “The Gloom, Boom & Doom Report”, told "Squawk Box Europe."
Germany posted the strongest economic growth since 1996 in the first quarter of 2008, leading the euro zone's GDP to rebound more than expected in the first quarter.
Societe Generale, the French bank hit by the world's worst rogue trader scandal, reported a 23.4 percent fall in first quarter net profit although earnings came in above the average market forecast.
The European Central Bank left its key interest rate unchanged at 4 percent on Thursday, as widely expected, and its president Jean-Claude Trichet warned on inflation pressures.
The European Central Bank will most likely do on Thursday what it has done every month since the credit crunch started last August: keep rates steady and talk tough on inflation.
When Rene Obermann took over Deutsche Telekom at the end of 2006 he was tasked with the firm's struggling domestic operations. But his non-domestic challenges have been—and continue to be—plentiful.
The U.S. dollar's slide against the euro could make it attractive for U.S. investors who bought real estate in Germany three or four years ago to start offloading some of those properties.