Europe markets close higher today on better-than-expected Chinese exports data, reports the "Squawk on the Street" news team.» Read More
Europe is seeking to agree by year-end on how to close failing banks, part of an ambitious plan to create a single banking framework.
*Britain, France, German, Spain affected. PARIS, Dec 9- Airbus parent EADS risked a collision with unions and European politicians by unveiling plans to cut 5,800 mainly defence and space jobs that for a first time include significant forced redundancies, driven by weak European budgets.
*France and Germany divided over breadth of the scheme. BRUSSELS, Dec 9- Europe is seeking to agree by year-end on how to close failing banks, part of an ambitious plan to create a single banking framework and fix broken lenders whose problems have festered since the financial crisis.
Securities and Exchange Commission Republican member Daniel Gallagher told reporters on the sidelines of an event sponsored by the American Chamber of Commerce in Germany, held in Frankfurt.
LAGUNA NIGUEL, Calif.-- An Olympic gold medal won by Jesse Owens at the 1936 Berlin Games has sold for a record $1.4 million in an online auction. SCP Auctions said Pittsburgh Penguins co-owner Ron Burkle paid $1,466,574, the highest price for a piece of Olympic memorabilia.
*France and Germany divided over breadth of the scheme. BRUSSELS, Dec 9- European countries are seeking to agree before year-end on how to close failing lenders, part of an ambitious plan to create a single banking framework and fix broken banks whose problems have festered since the financial crisis.
*Other euro zone states anxious to sell more to Germany. BERLIN, Dec 9- Germany's trade surplus narrowed in October on a jump in demand for imports from firms and households, while industrial output unexpectedly fell, signalling a mixed start to the fourth quarter for Europe's biggest economy.
LONDON-- Britain braced for severe flooding and the worst tidal surge in 60 years after a powerful storm with hurricane-force gusts hit the country Thursday and began moving across Europe. About 10,000 homes along the eastern English coast were evacuated after Britain's Environment Agency warned the country could face its worst tidal surge in 60 years.
LONDON, Dec 6- The dollar rose and government borrowing costs from Japan to Germany hovered around fresh highs on Friday, on expectations of strong U.S. data that would back the case for an imminent scaling-back of Federal Reserve stimulus.
BRUSSELS, Dec 6- European ministers make a fresh attempt next week to agree a blueprint to close failing banks but progress is uncertain as the fundamental questions of who gets the power to close a bank and how to pay the bill remain open.
LONDON, Dec 6- Financial markets were in a state of suspended animation on Friday as tension mounted ahead of jobs data that could make or break the case for an imminent scaling back in U.S. stimulus.
Dr. Jurgen Heraeus, chairman of the supervisory board of Heraeus, says that the European Central Bank's cheap money policy is "not good in the long run".
*Storm kills two in Britain, one in Denmark. BERLIN/ LONDON Dec 5- Hurricane-force Storm Xaver blasted towards mainland Europe on Thursday after cutting transport and power in northern Britain and killing three people in what meteorologists warned could be the worst storm to hit the continent in years.
WASHINGTON _ Commerce Department releases wholesale trade inventories for October, 10 a.m. Eastern; Labor Department releases job openings and labor turnover survey for October, 10 a.m..
CNBC's Simon Hobbs reports European stocks fall on U.S. tapering worries and there is no indication the ECB will ease inflation.
By Sakari Suoninen and Paul Carrel. FRANKFURT, Dec 5- Euro zone inflation will stay well below target for the next two years and the European Central Bank is ready to act if necessary to lift a listless economy, it said on Thursday. Markets expect further action in 2014, something ECB President Mario Draghi did nothing to deflect.
*Ethylene costs $500/ T in United States, $1,200 in Europe. LONDON, Dec 5- Europe's petrochemical industry will face a competitive assault as U.S. rivals emerge with cheap feedstock from the shale gas boom. Those still in operation are struggling with losses or razor-thin margins as U.S. refiners flood Europe with cheap fuel made from low-cost shale oil and gas.
LONDON, Dec 5- The euro edged up on Thursday after the European Central Bank kept interest rates on hold, with traders on the lookout for the bank's inflation forecasts and any signs it may take more action to prevent deflation.
BEVERLY HILLS, Calif.-- Eytan Rosenberg had no idea that the man he let paint a mural on the side his family's gas station in Hollywood was the darling of the art world.
LONDON, Dec 5- The euro rose to trade near a five-week high against the dollar on Thursday as investors positioned for the European Central Bank's to keep interest rates unchanged with rising German yields lending it support.