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Eastern Europe

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  • Strong €uro, Bad €uro? Thursday, 20 Dec 2007 | 5:04 AM ET

    Hedge wise and sleep well. Or, as they say in German: Gut gehedged ist halb gewonnen! Silvia Wadhwa gives her take on the single currency.

  • Eight Predictions For Autos in 2008 Wednesday, 19 Dec 2007 | 2:57 PM ET
    lebeau_phil_93x68.jpg

    As we close out this year, I know some of you are asking, "Hey Toyota Phil (a nickname a friend gave me after accusing me of giving the Japanese automaker too much praise) what do you think will happen in the auto industry next year?" Well, since you asked, and I know some of you haven't asked, here are my prognostications for 2008.

  • Banks: Need Help? Help Yourself Friday, 14 Dec 2007 | 6:14 AM ET
    Silvia Wadhwa

    The same banks that demanded market forces be allowed to work in other indutries are now begging central banks for help.

  • Welcome to €urocentric! Tuesday, 11 Dec 2007 | 4:24 PM ET
    Silvia Wadhwa

    "Drat!" you say. "Yawn! Not more morning notes. Not another string with market pearls of wisdom I might have to read."Fear not! I threaten you only with idle thoughts and random contemplations from the other side of the Big Pond (from beyond the Channel even). In other words, from parts of the world where a Hamburger doesn't necessarily come as a snack between two bits of a soggy roll, where a Frankfurter might well eat a wiener, and where cars -- oh, bliss! -- generally have a stick shift and a clutch!It's also from a part of the world -- eat your heart out, friends from the British Isles -- where you can travel from country to country without ever showing your passport and, more to the point, never have to change your money.OK, that also means the land where battalions of politicians argue passionately over the size, color and bending-angle (seriously!) of bananas, about what exactly passes for a standard-size €uro condom and acceptable work practices for a €uro chimney sweep. If that doesn't justify the title of this blog -- €urocentric -- then I don't know what does.

  • Peter Brabeck, CEO & Chairman, Nestle Tuesday, 11 Dec 2007 | 9:46 AM ET

    The Austrian running the world's largest food group talks about trust and the need to delegate in order for an organisation of Nestle's complexity to succeed. Peter Brabeck also hits back at critics of his decision to take the dual mandate of Chairman and CEO, whilst rebuffing journalists who write he's chosen the wrong candidate to succeed him as CEO.

  • Sir Ronald Cohen, Co-founder, Apax Partners Tuesday, 11 Dec 2007 | 9:02 AM ET

    The father of private equity in Europe, and 'bankroller' of UK Prime Minister Gordon Brown within his Labour Party, talks passionately to Simon Hobbs about what it really takes to be an entrepreneur and why society may explode in violence if the private sector does not do more.

  • Car Sales: Europe Ready To Pass U.S. As Number One? Monday, 10 Dec 2007 | 9:32 AM ET
    europe_map_AP.jpg

    Want further proof we're in a global auto market where the countries outside the U.S. are playing a bigger role? Consider this: there are reports that Europe is on the cusp of passing up the U.S. as #1 in the world for sales. Think about that for a second.

  • GM Bids for 'Significant' Stake in Russian Automaker Tuesday, 4 Dec 2007 | 1:45 PM ET
    GM logo, General Motors logo

    GM said it's interested in exploring further cooperation with automaker AvtoVaz as one way to "expand our footprint in Russia."

  • russia_map_AP.jpg

    Who'd have thunk it. Russia has become one of the hottest and fastest growing auto markets in the world. Now Chrysler wants a piece of the action and it may wind teaming up with a Russian automaker GAZ. Today in Michigan Chrysler executives and Michigan's governor are reportedly set to meet the president of GAZ to discuss the Russian automaker investing in the U.S.

  • Big Three Going "Green" With Envy Over Toyota? Wednesday, 14 Nov 2007 | 1:05 PM ET
    green_leaf.jpg

    Forget about L.A. being tinsel town, and style capital. At this year's Los Angeles Auto Show the automakers are trying to wrap themselves in the "Green Leaf" of fuel efficiency. Ford announced a new sustainability plan that will include developing direct injection gas engines, lighter cars, and more hybrids.

  • What Weak Dollar? More Americans Trek to Europe Tuesday, 13 Nov 2007 | 3:28 PM ET
    Airplane Takeoff

    Many Americans are opting for French foie gras instead of a traditional Turkey drumstick this Thanksgiving holiday, even if the dollar doesn't go as far in Europe these days.

  • Euro Zone Inflation Jumps, Raises Odds for ECB Rate Hike Wednesday, 31 Oct 2007 | 7:30 AM ET

    A surge in euro zone inflation in October beat all expectations, data showed, raising the odds for a rise in European Central Bank interest rates despite weakening sentiment and sending the euro up against the dollar.

  • Erste Bank's Profit Surges on Czech, Romanian Business Tuesday, 30 Oct 2007 | 5:19 AM ET

    Austria's Erste Bank, central Europe's second-biggest lender, posted a 34 percent rise in third-quarter net profit as its Czech unit recovered and its Romanian bank beat estimates.

  • Big 3 Automakers: Road To Success May Be Overseas Monday, 29 Oct 2007 | 9:17 AM ET

    The latest reports in Automotive News about strong sales in Eastern Europe helping Ford and Toyota meet sales goals, confirms something I've been hearing for some time from Big 3 execs. Don't focus so much on the U.S. and lose sight of the real battle over global sales.

  • International Investing: Turkey Wednesday, 24 Oct 2007 | 1:18 PM ET

    Turkey has a volatile economy whose growth rate has exceeded 6 percent in many years (and reached 9 percent in 2004), but suffered sharp reversals in 1994, 1999, and 2001.

  • Euro Stocks Ready to Pause After Rally Monday, 15 Oct 2007 | 2:24 AM ET

    European stocks were seen edging lower on Monday, after rallying for nearly three weeks, but losses could be limited as buoyant crude oil prices are expected to lend support to energy shares.

  • Euro-Zone Industrial Output Rose in August Friday, 12 Oct 2007 | 8:49 AM ET

    Euro-zone industrial production rose much more than expected in August, the European Union's statistics office said, raising hopes of continued strong growth despite a rising euro and the global credit crunch.

  • Euro-Zone Growth Resists Turmoil: ECB Friday, 12 Oct 2007 | 8:47 AM ET

    Financial market turbulence has so far failed to dent the euro zone economy and inflation dangers remain, European Central Bank policymakers said on Friday.

  • Look Who's Worried About the Dollar Thursday, 11 Oct 2007 | 1:07 PM ET

    Citizen Bill Clinton just came back from Europe and he says, "It was expensive over there."I asked the former president if he were he still in the White House, would he be concerned about the weakening dollar, and he said he certainly would. "At this level, it's alright, but if it keeps falling it could become precarious," he said.

  • Euro Zone First-Quarter Growth Better than Expected Thursday, 11 Oct 2007 | 6:40 AM ET

    Euro zone growth turned out better than expected in the first quarter, making the second-quarter slowdown more pronounced, revised data showed on Thursday.