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European shares were flat on Friday as discussions over the U.S. "fiscal cliff" stalled.
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The Italian government has slashed its economic growth forecast for 2012, saying the eurozone’s third largest economy is now heading for a contraction of 2.4 per cent, twice as deep as it previously estimated. The FT reports.
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Forget the sharp slide in oil prices. What’s really concentrating minds in oil markets is the huge sums at stake in a bet on the direction of Brent and WTI — the world’s most heavily traded crude benchmarks.
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European shares closed lower Thursday, hurt by a disappointing business activity report and amid ongoing worries over global growth.
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Indian opposition parties and shopkeepers launched a day of protests and strikes on Thursday against a rush of economic reforms by the Congress-led coalition government, which include cuts in diesel fuel subsidies and the liberalization of the retail trade. The FT reports.
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François Hollande and Angela Merkel will seek to agree a joint position at a meeting on Saturday on the €35 billion combination of EADS and BAE Systems to create the world’s largest defense and aerospace company by revenue. The FT reports.
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Prominent conservatives joined Barack Obama in condemning Mitt Romney over leaked comments portraying the US president’s supporters as dependent on government, draining momentum from the challenger’s faltering campaign. The FT reports.
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European shares advanced on Wednesday, led by autos, as the Bank of Japan became the latest central bank to launch fresh stimulus to boost its economy.
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The devil may have much more than the best tunes. To listen to the president of Germany’s Bundesbank, he also offers the best cautionary tale about the perils of state financing by a central bank. The FT reports.
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Private jet travel, shunned during the recession, has begun to recover to pre-crash levels, as the super-rich fill their jets with Jacuzzis, cinemas and full-service kitchens.
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European shares fell on Tuesday as uncertainty about a potential Spanish sovereign bailout kept the country's debt yields high and prompted investors to continue booking profits on a stellar two-month run for euro zone banks.
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Commercial lawyers have joined a chorus of concern over what impact reform of the London interbank lending rate could have on existing financial contracts as a review into Libor by the City watchdog draws to a close. The FT reports.
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BAE Systems will have to agree more rigorous US security arrangements if its 38 billion euros ($49.9 billion) deal to combine with EADS is to pass muster in Washington, a former senior US official has warned, the Financial Times reports.
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European stocks fell on Monday as traders took profit on 14-month highs, ushering in a period of consolidation and waiting for further progress in crisis-hit Spain before committing more money to the recent rally.
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European banks are failing to wean themselves off central bank money, even though steep falls in the cost of collateralised borrowing over the summer mean some now have the option of funding via public markets. The FT reports.
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Apple’s rapid international rollout of the new iPhone 5 has prompted many analysts to upgrade their sales forecasts for the smartphone, with some suggesting it could sell almost twice as many in the opening weekend as the iPhone 4 two years ago.
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BAE Systems has insisted it will walk away from talks with EADS unless the combined European champion in aerospace and defence was allowed to operate as a normal company without political interference. The FT reports.
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European shares closed higher on Friday setting a new 14-month high, as growth-linked stocks were boosted by the U.S. Federal Reserve’s decision to roll out a third round of quantitative easing (QE3).
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Europe's four-year old debt crisis seems to be in remission allowing Spain to delay requesting a full bailout, but some analysts are growing worried the country's sanguine attitude could come back to haunt Europe.
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When Tom Enders, a former paratrooper in the German armed forces, took the helm of EADS in June, he let it be known inside the company that he wanted to do something bold to put his stamp on the European aerospace manufacturer. The FT reports.
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European stocks closed lower on Thursday after a day's thin trade, as investors await to see if the U.S. Federal Reserve will unveil further stimulus measures which could add fresh fuel to the market's sharp three-month rally.