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CNBC's Simon Hobbs reports on all the market moving events in Europe today, including
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CNBC's Simon Hobbs reports on all the market moving events in Europe today, including
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CNBC's Ross Westgate reports on all the market moving events from Europe, including
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That image problem needs addressing in part because Germany needs to attract foreign workers to make good shortages at home, while the bilateral nature of the initiatives is a measure of its leaders' frustration at the slow pace of the European Commission in taking action to deal with soaring joblessness among the young.
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BRUSSELS, May 23- The European Commission has torn up new rules on how restaurants should serve olive oil less than a week after unveiling them, following widespread ridicule and accusations of unwanted interference.
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CNBC's Simon Hobbs reports on all the market moving events in Europe today, including
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*Repsol open to an out-of-court YPF compensation package. MADRID/ BUENOS AIRES, May 23- A year after Argentina seized the local business of Spanish oil firm Repsol, there seems little prospect of a quick deal on compensation despite signs that both sides would rather avoid a costly, drawn-out legal battle.
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MADRID-- Spain's southern Andalucia region has begun its first proceedings to seize confiscated houses from banks under a new anti-eviction law aimed at protecting people in economic difficulties.
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*Move follows accusations of interference by Brussels. BRUSSELS, May 23- The European Commission has decided to tear up new rules on how restaurants should serve olive oil less than a week after unveiling them, following widespread ridicule and accusations of unwanted interference.
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MADRID-- Spain has had to pay higher interest rates to auction off 4 billion euros in governments bonds as financial markets were unnerved by a sharp drop in global stock markets. Spain's borrowing costs have been falling for months as investors gained confidence in the governments management of its finances and fears of a bailout receded.
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TALLAHASSEE, Fla.-- In just two-and-a-half years Florida Gov. Scott arrived early Tuesday in the South American country of Chile as part of a trade mission with more than 100 people, including top officials from the state's ports and leaders of companies such as Florida Power& Light.
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*Favourable market conditions may be temporary- Moody's.
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CNBC's Ross Westgate reports on all the market moving events from Europe, as investors look for signs from the Fed's Bernanke on whether the current stimulus program will be tapered.
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FRANKFURT, May 22- Almost a year after ECB President Mario Draghi vowed to do whatever it takes to save the euro, a key indicator of euro zone tension is much diminished and economic recovery will likely bring further improvement.
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May 22- Foreign banks that once treated Russia as an undiscovered country where easy money could be made are now finding it a cut-throat market tougher than some bargained for.
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SAO PAULO, May 21- Spanish telecoms group Telefonica SA has put on hold plans to publicly list its Latin America unit, a senior executive said on Tuesday, but an IPO could be ready within a few months if the need arose.
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NEW YORK, May 21- French President Francois Hollande's predicament is, oddly enough, akin to one Alice faced in Lewis Carroll's 19th century classic. "The situation is much worse in France in the past year," Chaney told me from Paris, where AXA, Europe's No. 2 insurer, is based. " What the queen said to Alice applies to France. "
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Brazil seeking vehicle for pension funds to invest in projects. BRASILIA, May 21- Brazil is sweetening terms for major infrastructure contracts to whet investor appetite and draw private capital and expertise needed to upgrade its deficient roads, railways and ports, the man in charge of planning the projects said on Tuesday.
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*Colao says "very comfortable" with Verizon stake. LONDON, May 21- Vodafone boss Vittorio Colao staked his reputation on selling the group's prized stake in U.S. operator Verizon Wireless at the right time and right price, saying on Tuesday he would not bow to pressure to do any deal.
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BRASILIA, May 21- Brazil will improve bidding terms for investors interested in building railways, including a high speed train, the head of the government agency in charge of infrastructure projects, Bernardo Figueiredo, said on Tuesday.
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CNBC's Simon Hobbs reports the top business stories from Europe, as investors worry the U.S. Federal Reserve may taper its bond purchase program.