BRUSSELS, May 28- European lawmakers on Thursday backed including investor arbitration in a trade deal with the United States, one of the biggest obstacles to a transatlantic accord, but a decision that activists called a capitulation to business. A trade agreement between the United States and the European Union would be the world's largest, but Washington...» Read More
The auto navigation device may soon begin to disappear, industry experts say, as satellite-tracking technology is absorbed into smartphones and automobiles. The New York Times reports.
The euro is likely to lose some of its strength over the short term, but if Ireland asks for bailout funding and establishes a clear mechanism of how it will work, some nerves in the markets will be settled, Richard Yetsenga, global head of emerging-markets currency strategy at HSBC told CNBC Monday.
Greece expects the budget deficit in 2010 will be larger than initially targeted after the EU's statistics agency said Monday the country's debt last year was actually much higher than projected.
The European Union may have managed to stanch the bleeding—for the moment—on Irish bonds.
Veracruz founder Steve Cortes thinks so and here's how he's trading it.
The European Central Bank’s reluctance to consider further monetary easing exacerbates the problems the euro zone is currently facing, economist Nouriel Roubini told CNBC Thursday.
Patrick Honohan, Ireland’s central bank governor, on Wednesday put a “For Sale” sign over the country’s ailing banks, stressing that foreign ownership of the troubled sector was “not as far-fetched a scenario as it might appear to some”, reports the Financial Times.
The rumbling crisis over the integrity of the eurozone has entered a new and ominous phase, with economists and bond market investors questioning the ability of “peripheral” European economies to stay in the euro without yet another rescue package. The FT reports.
The United States should tax purchases of yen, yuan and euro used to import goods from those three economies. Set it at about 40 percent until the Gang of Three agrees to acceptable exchange rate reforms.
Some of the biggest trade finance providers, led by HSBC and Standard Chartered, are lobbying to have tough capital rules toned down, warning that if they are not, world trade could be severely hampered. The Financial Times reports.
José Sócrates, Portugal’s prime minister, has blamed an increase in government bond yields on “speculative movements”, saying growing pressure on the country’s borrowing costs had no economic justification. The Financial Times reports.
If Bush-era income tax cuts are extended and the deficit grows, the dollar could be further weakened — a prospect that worries U.S. allies and trading partners, the New York Times reports.
Investors disappointed with the yield on government bonds should look to good-quality companies with strong dividends such as Deutsche Telekom and Nestle, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
Germany is pushing to let hopelessly indebted governments do exactly that — admit they can't pay and hit bond investors with the costs instead of taxpayers.
The World Trade Organization, the EU and the United States said Tuesday they were pressing for solutions to concerns China may be exploiting its stranglehold on rare earth metals, crucial in the making of everything from portable phones to wind turbines.
The dollar may be set to rise as currency wars bring more controls on flows of capital and a rise in protectionism, David Bloom, currency strategist at HSBC, told CNBC.
The European Central Bank should worry less about the “phantom risk” of inflation and instead focus on the rising threat of deflation which could result from a currency war, economist Nouriel Roubini said in an article for Roubini Global Economics clients.
In France, the response to the government’s plan to raise the retirement age from 60 to 62 has sparked nearly a week of national strikes and protests. Click for photos.
The European Commission is preparing for a smoking ban across the European Union, with legislation introduced as early as next year, according to several media reports Tuesday.
Ireland has opened the door to a renegotiation with senior bondholders of its two nationalized banks despite previously opposing any such move. The FT reports.