MOSCOW, July 23- Ukrainian Energy Minister Yuri Prodan said on Wednesday reverse gas flows from the European Union to Ukraine had fallen because of threats by Russian gas producer Gazprom. This is linked to certain actions by Gazprom, "Prodan told reporters, adding Ukraine first saw the decrease two weeks ago.» Read More
European stocks are set to open slightly lower on Wednesday ahead of a range of events taking place in the region, the largest of them being the UK Budget and the Portuguese parliament's vote on the government's latest austerity measures.
The German public opinion is increasingly against the idea of paying to save the weaker euro zone periphery member countries, Erik Nielsen, chief European economist at Goldman Sachs, told CNBC.
With Portugal’s main opposition Social Democrats (PSD) announcing they will vote Wednesday against a raft of new austerity measures proposed by Prime Minister Jose Socrates, analysts expect the country will have no choice but to seek a bailout from Europe.
The euro has been strengthening despite serious looming problems in the region, and this strategist expects that when traders focus, the results won't be pretty.
The dollar's in the dumps again, but euros are on a roll as the leaders' meeting nears. Here's your daily FX fix.
A list of measures EU heads of state will likely sign off on later this week could very well entrench Germany’s strength at the heart of Europe and the weakness of those on the periphery. CNBC'c Patrick Allen comments.
European shares look set to open ever so slightly higher on Tuesday, following Asian stocks higher.
When European Union leaders gather in Brussels at the end of the week to finalise a much-anticipated “grand bargain” to solve their debt crisis, the eyes of the financial markets will be focused on an unlikely place: Finland, reports the Financial Times.
Investors are so focused on the troubles in Japan and Libya that the euro is just strengthening on the sidelines, this analyst says. But for how long?
European stocks look set to start the week in positive territory, following Asian shares that rose as investors digested the ongoing Japan nuclear crisis and unrest in the Middle East and North Africa.
Business and consumer confidence, the result of an improved attitude toward business coming from the Obama administration, will result in good growth here in the US. Stephen Schwarzman, CEO and co-founder of the Blackstone Group, told CNBC Friday.
As the market begins the process of second guessing the G7’s coordinated action to keep the yen lower, High Frequency Economics is warning investors the damage caused by the disaster in Japan is being both understated by the government and underappreciated outside of people in the immediate vicinity.
European stocks are likely to open higher on Friday, as Group of Seven countries agree to joint intervention to stem the yen's gains.
While we await the outcome of the nuclear disaster in Japan, we could be witnessing a structural change in the global financial markets.
European shares are set to open higher on Thursday even as the nuclear crisis in Japan worsened and yen surged to a record high against the dollar.
After two days of heavy selloffs instigated by the disasters in Japan, European shares look set open higher at the start of trading Wednesday.
European Union governments should consider the possibility of "stress tests" on European nuclear power stations to check they meet safety requirements, the EU's executive Commission said on Tuesday.
Stocks across Europe are indicated to drop sharply when trading starts Tuesday pulled down by a major selloff in Japan and weakness across the rest of Asian markets.
Japanese markets are behaving consistent with recent post-disaster pattern: a lower stock market, lower government bond yields and a mixed outcome for the currency.
Markets have cheered a surprisingly broad European package of measures to tackle the government debt crisis that has over the past year threatened the existence of the euro currency.