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  • Norway's Energy Minister Resigns Friday, 21 Sep 2007 | 4:55 AM ET

    Norwegian Petroleum and Energy Minister Odd Roger Enoksen has resigned, the prime minister's office said on Friday without naming his replacement.

  • Dollar Dips, Oil Boils, Metals Shine Thursday, 20 Sep 2007 | 4:56 PM ET
  • Fitch Calls for Clarity on Bank Books Tuesday, 18 Sep 2007 | 11:19 AM ET

    The current financial turmoil will translate into banks' profits rising more slowly and fewer buybacks, while disclosure rules need to be tightened, Gordon Scott, managing director of financial institutions at Fitch Ratings, told "Squawk Box Europe."

  • EU Monitors U.K. State Aid to Northern Rock Tuesday, 18 Sep 2007 | 9:48 AM ET

    The European Commission said on Tuesday it was monitoring events at British mortgage bank Northern Rock but it was too early to say whether guarantees pledged by the British government to worried depositors amounted to illegal state aid.

  • German Commerzbank Braces for Higher Subprime Loss Tuesday, 18 Sep 2007 | 6:59 AM ET

    Commerzbank is bracing itself for a higher-than-predicted loss from investments related to risky U.S. mortgages that are set to knock a hole in profits, sources familiar with the matter told Reuters.

  • The global credit crunch may force banks to take back up to 1.2 trillion euros ($1.66 trillion) in debt on their balance sheets if investors are unable to refinance it, the Dutch Central Bank (DNB) said on Monday.

  • Euro Zone July Trade Surplus Smaller Than Expected Monday, 17 Sep 2007 | 6:24 AM ET

    The euro zone's trade surplus was smaller than expected in July, unadjusted data showed on Monday, but exports continued to grow more quickly than imports.

  • Paulson Says Market Turbulence to Continue a While Monday, 17 Sep 2007 | 4:23 AM ET

    U.S. Treasury Secretary Henry Paulson said on Monday he expected market turbulence to continue for a while, but said the current turmoil was occurring against the backdrop of global financial strength.

  • Qatar Is Close to Buying LSE Stake: Media Reports Sunday, 16 Sep 2007 | 9:23 PM ET

    Qatar's state investment fund is close to buying Nasdaq's 31% stake in the London Stock Exchange Group, newspaper reports said on Sunday.

  • EU Ministers Back ECB on Credit-Crunch Actions Friday, 14 Sep 2007 | 10:58 AM ET

    EU finance ministers gave the European Central Bank a thumbs-up on Friday for its efforts to combat a global credit crunch and said they hoped the damage to economic growth from market turmoil would be limited.

  • U.K. Chancellor of the Exchequer Alistair Darling Friday called on global economic policymakers and regulators to provide a coordinated response to financial stability issues arising from the recent period of instability in global financial markets. 

  • European stocks closed in the positive territory Thursday, helped by encouraging signs in credit markets.

  • Commercial Paper Rolls Over at Higher Costs Thursday, 13 Sep 2007 | 11:14 AM ET

    Bankers are refinancing $100 billion-plus of commercial paper debt maturing into next week without major troubles so far, but borrowers are facing shorter maturities and higher costs as liquidity and confidence remain in short supply.

  • ECB Highlights Uncertainty, Waiting for Credit Data Thursday, 13 Sep 2007 | 10:08 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.

    The current turmoil makes a restart of the European Central Bank's tightening cycle uncertain.  It will take months before financial markets  return to normal.

  • SNB Raises Rates but Aims to Calm Markets Thursday, 13 Sep 2007 | 9:47 AM ET

    The Swiss National Bank raised interest rates by 25 basis points on Thursday as inflation risks from the booming economy persisted but said it aimed to calm conditions on the money market, roiled by the global credit crisis.

  • 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.

  • European Stocks Close Higher, Uncertainties Remain Wednesday, 12 Sep 2007 | 12:01 PM ET

    European stocks closed higher on Wednesday, but uncertainty about the strength of the global economy still lingered and a series of political surprises caught investors off guard.

  • ECB Lends Banks $104 Billion Wednesday, 12 Sep 2007 | 10:28 AM ET

    The European Central Bank lent commercial banks 75 billion euros ($104 billion) in three-month funds Wednesday, 25 billion euros more than in a previous operation last month, the bank said on its Web site.

  • IMF Warns of Slowing U.S. Economy Amid Subprime Crisis Wednesday, 12 Sep 2007 | 7:09 AM ET

    The U.S. economy will slow next year amid continued trouble in the housing market, likely leading to lower interest rates, a senior International Monetary Fund official said Wednesday.

  • Europe's Financial System Is Sound: Trichet Tuesday, 11 Sep 2007 | 12:33 PM ET

    European Central Bank President Jean-Claude Trichet said Europe's financial system is sound despite the current market correction, but more needs to be done to improve future financial stability.