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The European Union

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  • Greenspan "Speak" Dominates News Monday, 17 Sep 2007 | 9:09 AM ET

    Credit worries once more haunt world markets, but frankly, the only headlines that matter are the ones that will be released by the Fed tomorrow afternoon. The big story of today though is what former Fed Chairman Alan Greenspan is saying.

  • Euro-Zone August Inflation Drops to 1.7% Friday, 14 Sep 2007 | 8:03 AM ET

    Inflation in the 13 euro nations was 1.7% in August, the European Union's statistical agency said Friday, lowering its earlier estimate of 1.8%.

  • U.S. Subprime Tension has Increased Growth Risks: ECB Thursday, 13 Sep 2007 | 6:38 AM ET

    Risks to global expansion have recently increased due to tensions in the U.S. subprime mortgage market and there are fears of growing spillovers to other segments, the European Central Bank said on Thursday.

  • SocGen Outlook Unchanged Despite Market Woes Monday, 10 Sep 2007 | 8:16 AM ET

    Societe Generale, France's second-biggest listed bank, said on Monday that its financial targets for 2007-2008 were unchanged despite experiencing difficult market conditions in August.

  • British firms' costs fell more than expected in August, while prices at the factory gate rose as forecast, official data showed on Monday.

  • Euro-zone Rates Likely to Raise Further Friday, 7 Sep 2007 | 10:52 AM ET
    FILES - Picture taken 06 June 2007 shows a man walking past the European Central Bank (ECB) in Frankfurt/M. western Germany. The European Central Bank 14 August 2007 injected 7.7 billion euros (10.5 billion dollars) into the money market to calm liquidity fears in the wake of the crisis in the US home loan sector.

    Euro-zone interest rates have further to rise, European Central Bank Governing Council member Axel Weber said on Friday, although other policymakers stressed no move is imminent given uncertainty over the credit crunch.

  • The eurozone finance ministers' chairman said on Friday French President Nicolas Sarkozy was neither noble nor correct to claim some of the credit for the European Central Bank's decision to keep interest rates on hold.

  • EU ministers and national experts are due to approve a genetically modified (GMO) sugar beet variety this month despite a long running dispute over the use of biotechnology.

  • Europe Central Bank Holds Key Rate Steady Thursday, 6 Sep 2007 | 11:57 AM ET

    The European Central Bank kept its key monetary policy rate flat at 4% on Thursday due to persistent turbulence in the financial markets because of fears of a spillover of the U.S. subprime crisis.

  • Is the Euro-Zone Tightening Cycle Over? Thursday, 6 Sep 2007 | 6:46 AM ET

    Another rise in euro-zone interest rates looked assured last month, but the turmoil in the credit markets has brought pressure on European Central Bank President Jean-Claude Trichet to keep rates at 4%.

  • Euro zone growth next year could be weakened by the credit crisis triggered by high-risk U.S. mortgage debt, the chairman of euro zone finance ministers, Jean-Claude Juncker, said on Wednesday.

  • Boeing Receives $3.1 Billion Order from Norwegian Air Thursday, 30 Aug 2007 | 7:34 AM ET

    Norwegian Air Shuttle ordered 42 Boeing Co 737-800 planes with a list price of $3.1 billion, landing the U.S. group its biggest European 737 order this year and its biggest-ever order from a Scandinavian carrier.

  • German Business Sentiment Slips Less than Forecast Tuesday, 28 Aug 2007 | 7:29 AM ET

    German business confidence slipped again in August for the third month in a row amid volatility on global financial markets, a closely watched survey showed Tuesday, but the decline was smaller than expected.

  • Irish building materials group CRH posted a slightly stronger than expected 27% rise in first-half profit on Tuesday and said it expected strong growth for 2007 as a whole.

  • The head of a key European structured finance division at Barclays Capital has quit this week, sources familiar with the matter said, as market turmoil battered the investment structures that his team helped arrange.

  • Euro Zone August Growth Dips, Confidence Hit Friday, 24 Aug 2007 | 6:44 AM ET

    Euro zone private sector growth cooled in August as factory order growth hit its weakest since late 2005 and a credit squeeze in financial markets bruised service sector confidence, key data showed on Friday.

  • STMicroelectronics, Europe's biggest chipmaker, is in talks with several Chinese semiconductor firms on a possible manufacturing tie-up, a source familiar with the situation said on Friday.

  • Central Banks Worried Turmoil May Linger Thursday, 23 Aug 2007 | 10:52 AM ET

    Global financial turmoil prompted the Bank of Japan to hold rates on Thursday and warn that the tremors would take time to settle, and the European Central Bank was inundated with demand at a new money market tender.

  • EU Relaxes Ban on British Meat Exports Thursday, 23 Aug 2007 | 7:27 AM ET

    The European Union on Thursday relaxed a ban on exports of British livestock, meat and dairy products that was imposed after an outbreak of foot-and-mouth disease in southeastern England earlier this month.

  • Apple Signs Deals for European iPhone Sale: FT Thursday, 23 Aug 2007 | 5:59 AM ET

    Apple has signed contracts with three major European mobile phone operators for exclusive rights to sell its new iPhone, the Financial Times reported on its Web site citing sources familiar with the situation.