Western Europe


  • US, Germany vow cooperation despite espionage spat Sunday, 13 Jul 2014 | 10:17 AM ET

    VIENNA— The United States and Germany put a brave face on an escalating espionage dispute, stressing on Sunday the importance of their cooperation to solving several global crises but offering little indication they've fully mended ties. The accounts have rocked relations, coming on the heels of revelations about widespread U.S. spying in Germany.

  • BERLIN, July 13- It has taken a quarter of a century longer than hoped but Berlin is now glimpsing the prosperity that was supposed to land in its lap after the Wall came down in 1989 and it was restored as the jubilant capital of Germany.

  • DIARY - Top economic Events to July 24 Friday, 11 Jul 2014 | 8:01 PM ET

    STRASBOURG- ECB President Mario Draghi speaks at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Strasbourg, France. WASHINGTON- Federal Reserve Chair Janet Yellen testifies on the central bank's semiannual monetary policy before the Senate Banking Committee- 1400 GMT.

  • WASHINGTON, July 11- The U.S. Congress will ultimately support an extension of an interim agreement of talks on Iran's nuclear program, lawmakers and congressional aides said, despite calls by Republicans and some Democrats to abandon negotiations and return to tough sanctions to deter Tehran from building a nuclear bomb.

  • July 11- An official at British platinum refiner Johnson Matthey has become chairman at the London Bullion Market Association as the industry body oversees the overhaul of century-old precious metals pricing systems amid intense regulatory scrutiny.

  • FRANKFURT/ BERLIN, July 11- German car parts maker ZF Friedrichshafen's takeover offer for rival TRW looks unlikely to draw rival bids for the U.S. company but could trigger further deals down the line, bankers and analysts said on Friday.

  • BUSINESS-NEWS-SCHEDULE AT 1830 GMT / 2.30 PM ET Friday, 11 Jul 2014 | 2:39 PM ET

    BRUSSELS/ MOSCOW- The European Union seeks to reassure Russia that a free-trade pact with Ukraine is not aimed at hurting Moscow, but rejects calls to postpone implementation, offering more talks instead.

  • Business events scheduled for the coming week Friday, 11 Jul 2014 | 2:10 PM ET

    WASHINGTON— Commerce Department releases retail sales data for June, 8:30 a.m.; Commerce Department releases business inventories for May, 10 a.m.. BERLIN— Germany's ZEW institute releases its monthly index of investor confidence in Europe's biggest economy.

  • BRUSSELS/ MOSCOW, July 11- The European Union sought to reassure Russia on Friday that a free-trade pact with Ukraine was not aimed at hurting Moscow but rejected calls to postpone its implementation, offering more talks instead.

  • *BoE outlines two possible leverage ratio supplements. LONDON, July 11- The Bank of England proposed on Friday that Britain's biggest banks should set aside from 2019 more capital than planned under global rules being drawn up to prevent a repeat of the financial crisis.

  • *EU regulators cleared German part of Cemex, Holcim deal early this month. BRUSSELS, July 11- Europe's antitrust regulator has objected to Cemex's plan to acquire Holcim's Spanish units, a person familiar with the matter said on Friday, denting the Mexican cement producer's hopes of getting EU approval without concessions.

  • MOSCOW, July 11- Russia urged the European Union on Friday to refrain from implementing a free-trade pact with Ukraine until Moscow's concerns over the agreement are addressed.

  • *Central Bank outlines two possible leverage ratio supplements. LONDON, July 11- The Bank of England proposed on Friday that Britain's biggest banks should set aside from 2019 more capital than planned under global rules being drawn up to prevent a repeat of the financial crisis.

  • Queen Latifah, Beyonce and Jay Z heading to HBO Friday, 11 Jul 2014 | 7:16 AM ET

    BEVERLY HILLS, Calif.— Beyonce and Jay Z will co-star in an HBO concert special, and Queen Latifah will play legendary blues singer Bessie Smith in a movie for the network. Starring Queen Latifah, "Bessie" is written and directed by filmmaker Dee Rees.

  • Portuguese bank says it's healthy, markets recover Friday, 11 Jul 2014 | 4:37 AM ET

    LISBON, Portugal— Senior Portuguese officials gave assurances Friday about the soundness of Portugal's biggest bank, seeking to defuse tension after world markets went into a spin over fears that Banco Espirito Santo's troubles could reignite Europe's financial difficulties.

  • Oil price sheds gains as supply worries ease Friday, 11 Jul 2014 | 4:36 AM ET

    Benchmark U.S. crude for August delivery fell $2.10 cents to close at $100.83 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils used by many U.S. refiners, fell $2.01 to close at $106.66 on the ICE Futures exchange in London.

  • July 10- Online music sharing service SoundCloud Ltd is close to a deal with Universal Music Group, Sony Music Entertainment, and Warner Music Group for licenses to continue playing their songs and avoid potential legal disputes, Bloomberg reported citing people with knowledge of the matter.

  • Sanofi dengue vaccine promising but questions remain Thursday, 10 Jul 2014 | 7:01 PM ET

    PARIS, July 11- The first vaccine against dengue fever, from France's Sanofi, provided moderate protection in a large clinical study, but questions remain as to how well it can help fight the world's fastest-growing tropical disease.

  • LONDON, July 10- Investors across Europe trimmed their exposure to banks on Thursday in response to growing concerns about the health of Portugal's biggest listed lender, with a leading pan-European share index slipping to a two-month low.

  • Foreign ministers to join troubled Iran nuke talks Thursday, 10 Jul 2014 | 12:10 PM ET

    VIENNA— Big-power foreign ministers are joining Iran nuclear talks on a diplomatic rescue mission. "Obviously both sides have set out positions that are irreconcilable," says Gary Samore, who left the U.S. team negotiating with Iran last year.