July 25- Allergan Inc, known best for its Botox wrinkle treatment, said on Friday that European Union regulators had recommended use of its eye drug Ozurdex be extended to treat patients with diabetic macular edema.» Read More
A roundup of the day's news with CNBC's Joe Kernen & Becky Quick. Including a rally in Portuguese bank stocks after the country asks for a bailout, Moody's warning it could cut UK banks senior debt ratings and another strike in Greece. Also, Libya accuses the British of striking an oil pipeline.
After months of speculation, Portugal last night accepted what many had claimed has been inevitable since the fourth quarter of 2009 and went cap in hand to the European Union as its borrowing costs became unsustainable following another big jump in yields.
European stocks were indicated to open slightly lower on Thursday ahead of interest rates decisions by the European Central Bank and the Bank of England, as well as news that Portugal will seek financial aid from the European Union.
Commerzbank on Wednesday presented a plan to repay 14.3 billion euros ($20.3 billion) of the 16.2 billion euros of state aid by June.
European stocks were indicated to open slightly higher on Wednesday, following positive but muted trade in Asia.
The euro has been trading as if there is no such thing as a sovereign debt crisis, and that decoupling is overdone, this strategist says.
Guy Monson, a fund manager at Sarasin, has called the two-year rally in stocks and stayed true to his bullish views despite the wall of worry.
European stocks were indicated to open slightly lower on Tuesday, following lackluster trade in both Asia and the U.S.
With conflicting statements from several FOMC members last week, all eyes are on the Federal Reserve's actions this week for a clue to the dollar's direction.
With his Socialist Party facing a double-digit deficit in opinion polls, Prime Minister José Luis Rodríguez Zapatero is gambling that his decision not to seek a third term will bolster his party’s chances to retain power. The New York Times reports.
The ECB is this week expected to lift rates by 25 basis points in a bid to reign in inflation despite ongoing fears over the financial health of Portugal, Ireland and Greece.
European shares were set to dip on Monday, consolidating after hitting three-week highs in the previous session, with weak copper prices likely to put pressure on heavyweight mining stocks.
It is all but certain that the ECB will raise rates this week. It has been itching to do so for some time. Now that the moment has arrived, what will the move actually mean for the euro zone and the global economy?
The final word from the currency pits, with CNBC's Melissa Lee and the Money In Motion traders.
Does the change in the Fed's tone this week mean the dollar will rise, with Joe Lavorgna, Deutsche Bank, CNBC's Melissa Lee and the Money In Motion traders.
European stocks were indicated to open higher on Friday, the first day of the second quarter, with investors eagerly awaiting the U.S. non-farm payroll numbers for March.
The Bank of Spain has ordered the four savings banks or cajas that had been poised jointly to form the new Banco Base to provide details “immediately” of their plans following the collapse of the merger on Wednesday evening, the Financial Times reports.
European stocks were indicated to open flat on Thursday after ending the previous day at a three-week high, with investors watching for the results of Irish bank stress tests, due to be released later in the day.
David Cameron is to write to European Union leaders urging them to adopt a British plan for growth, at a time when some officials fear he is in danger of being sidelined in a two-speed Europe, the Financial Times reports.
On March 18th, I put out a recommendation for a US dollar against Japanese yen trade and the reasons for it. Now that the yen has weakened, here's your next move.