CNBC's Simon Hobbs reports on all the market moving events in Europe today, and the major problem with growth not accelerating across Europe.» Read More
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.
LONDON, Dec 5- European shares looked to be stabilising after three days of sustained selling on Thursday, as focus turned to the European Central Bank's monthly meeting for any sign it is readying further support measures.
FRANKFURT, Dec 5- General Motors Co will drop the Chevrolet brand in Europe by the end of 2015 and focus resources on pushing its Opel and Vauxhall brands, the latest effort by the U.S. carmaker to turn around its European operations.
*Only Germany, Austria have funds set aside for recapitalisation. BRUSSELS, Dec 4- Euro zone governments have set aside almost no money to make good on their promise to recapitalise ailing banks after a health check next year.
PARIS, Dec 4- As it struggles to rein in losses, PSA Peugeot Citroën is cutting back sharply on investment. Research and development is due to fall to well below 3 billion euros in 2013- less than one-fifth of rival Volkswagen's budget.
BERLIN, Dec 3- Zalora, an online fashion start-up in Southeast Asia, has raised $112 million in new capital from investors including billionaire Leonard Blavatnik's Access Industries and U.S. asset management firm Scopia Capital Management.
LONDON, Dec 3- European shares edged lower on Tuesday, with miners tracking a decline in metals prices and concerns that the Federal Reserve could start reducing its stimulus sooner than expected.
*Copies of antibody drugs start to hit market in Europe. *Norway plans studies to reassure on safety of switching. But although Europe has pioneered their path to market- approving the first biosimilar drug in 2006 and the latest, an antibody drug from U.S.-based Hospira and Celltrion of South Korea, in September- uptake has been patchy.
LONDON, Dec 2- Copper extended last month's losses on Monday as upbeat U.S. economic data spurred renewed fears about the Federal Reserve trimming monetary stimulus and the dollar strengthened. "It's the dollar, which is firmer now, and probably renewed caution about when the Fed is going to taper," Frankfurt- based Commerzbank analyst Daniel Briesemann said.
PARIS, Dec 2- Two founding industrial shareholders of Airbus parent EADS will join a group of current and former managers on trial in a long-running insider trading case, prosecutors said on Monday, but EADS called for charges to be dismissed.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including big losses for Spain and Italy, while Greece is higher after Moody's upgraded the country's debt rating.
*OPEC output below 30 mln bpd again in November. *OPEC meeting expected to maintain output target. LONDON, Dec 2- Brent crude oil steadied below $110 a barrel on Monday after Chinese data showed strong industrial activity and as social and political unrest in Libya limited supply from the key North African producer.
CNBC's Ross Westgate reports on all the market moving events from Europe, including upbeat China PMI data which boosted commodity currencies, as well as resources.
*OPEC output below 30 mln bpd in November. *OPEC meeting expected to maintain output target. LONDON, Dec 2- Brent crude oil climbed towards $110 a barrel on Monday after Chinese data showed strong industrial activity and as social and political unrest in Libya limited supply from the key North African producer.
Tom Elliott, international investment strategist at DeVere Group, says the German coalition could produce more "consumption friendly policies" due to the influence of the SPD, helping to boost domestic consumption.
ThyssenKrupp is selling its U.S. plant to two rivals in a long-awaited deal to help extricate the German steelmaker from an ill-fated boom-year expansion plan.
WASHINGTON _ Institute for Supply Management releases its manufacturing index for November, 10 a.m.; Commerce Department releases construction spending for September and October, 10 a.m..
WASHINGTON _ Institute for Supply Management releases its manufacturing index for November, 10 a.m.; Commerce Department releases construction spending for September and October, 10 a.m.. WASHINGTON _ House Education and the Workforce subcommittee hearing on financial aid for college.
LONDON/ NEW YORK, Nov 29- A major index of world equities rose to near a six-year high on Friday, helped by gains in U.S. stocks, on faith in an improving global economy and support from central banks, while U.S. crude oil rebounded from recent declines.
NEW YORK, Nov 29- The euro traded near a five-year peak against the yen and a one-month high against the dollar on Friday after euro zone economic data dented speculation about further monetary easing by the European Central Bank.