Anders Borg, the outgoing Swedish finance minister, told CNBC that the country was set for a weak government that would struggle to push through any budget proposals.» Read More
BRUSSELS— If Scottish voters this week say Yes to independence, not only will they tear up the map of Great Britain, they'll shake the twin pillars of Western Europe's postwar prosperity and security— the European Union and the U.S.-led NATO defense alliance.
*Spain, others, fearful of separatist precedent, could veto Scots. *Realpolitik, negotiation with Spain, London may well be decisive. BRUSSELS, Sept 14- If Scots vote for independence, it will be in part because they believe assurances that their small Atlantic peninsula can quit the United Kingdom without ever leaving the secure embrace of the European Union.
Exxon Mobil’s ambitions in Russia appear to have been dashed, at least until the Ukraine crisis is resolved. The NYT reports.
BRUSSELS, Sept 12- The European Union and Ukraine agreed on Friday to delay the implementation of their free-trade pact until the end of next year in a concession to Russia, which had complained its industry would be hurt by the deal.
WASHINGTON— Unsatisfied with a fragile cease-fire in Ukraine, the United States and the European Union levied new sanctions Friday against major Russian banks and defense companies, as well as penalties aimed at curtailing Russia's ability to develop oil and gas projects.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a euro zone meeting in Italy and the "too close to call" Scottish referendum vote.
The euro zone still needs structural reforms to enhance the effectiveness of monetary and fiscal policies, say ECB President Mario Draghi and Jeroen Dijsselbloem, president of the Eurogroup.
Martin Schulz, president of the European Parliament, comments on the new European Commission line-up - including the appointment of Lord Hill - and on the Scottish referendum.
Martin Schulz, president of the European Parliament, says that the EU must keep the door open for negotiations with Russia and that citizens must be made aware of the possible repercussions of sanctions.
DUSHANBE, Sept 12- President Vladimir Putin called on Friday for new efforts to strengthen cooperation with China and ex-Soviet republics in Central Asia after the European Union tightened sanctions on Russia over the Ukraine crisis.
MOSCOW, Sept 12- Russian stocks rebounded on Friday as investors concluded that the market had over-reacted to new European Union sanctions against Moscow over the Ukraine crisis, but the rouble hit a new record low against the dollar.
BRUSSELS— New European Union sanctions against Russia announced Friday toughen financial penalties on the country's banks, arms manufacturers and its biggest oil company, Rosneft, to punish Moscow for what the West sees as efforts to destabilize Ukraine.
Stefan Füle, European Commissioner for Enlargement and European Neighbourhood Policy, says the EU is ready to accept Russia's "legitimate" national interest.
BRUSSELS, Sept 11- European Union antitrust regulators approved on Thursday British broadcaster BSkyB's planned $9 billion takeover of Rupert Murdoch's pay-TV companies in Germany and Italy, which will make it the biggest pay-TV provider in Europe. The merged company will have operations in Britain, Ireland, Germany, Austria and Italy.
MOSCOW, Sept 11- Russia's Foreign Ministry said on Thursday that the European Union had shown itself to be against the peace process in Ukraine by imposing a new set of sanctions against Moscow. "By taking this step, the European Union has de facto made its choice against a peaceful resolution of the inter-Ukrainian crisis," it said in a statement.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including EU diplomats are ready to activate Russian sanctions and a new poll indicates the Scots will reject independence.
BRUSSELS— The European Union on Thursday slapped more sanctions on Russia for helping separatists destabilize Ukraine, limiting Russia's access to its financial market, hitting the country's vital oil industry, curbing high-tech exports and targeting more officials with travel bans and asset freezes.
BRUSSELS— The European Union has decided to slap new economic sanctions on Russia over its actions in Ukraine, diplomats said Thursday.
*Russia's United Aircraft Corporation on the sanctions list. BRUSSELS/ BERLIN, Sept 10- European Union envoys failed on Wednesday to reach a decision on whether to implement new sanctions against Russia over military involvement in the war in Ukraine and will meet for talks on Thursday, EU diplomats said.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including David Cameron's appeal to the Scots not to break apart the union, and Sergio Marchionne will take over as chairman of Ferrari.