Luxembourg has come under fire for operating as a tax haven, but it's always been hard to prove how companies use it to cut their tax bills—until now.» Read More
Gordon Brown replaced Tony Blair as Britain's prime minister on Wednesday after years of waiting and promised sweeping changes in style and policy to restore trust in a government damaged by the Iraq war.
Chemicals maker Basell said Tuesday it has agreed to buy U.S. chemical company Huntsman for $5.6 billion excluding debt, in a bid to strengthen its position as a global chemicals group.
France Telecom shares fell Monday after the French Finance Ministry said it plans to sell a stake in the company worth up to 3.7 billion euros ($5 billion) to cut public debt.
Austrian energy giant OMV said Monday it has paid about 1 billion euros ($1.3 billion) to acquire an additional 8.6% of Hungarian oil and gas company MOL, bringing its total stake to 18.6%.
Shares in Aker Kvaerner fell 0.8% as the Norwegian government, SAAB and Investor announced they will buy a strategic stake in the Norwegian engineering group, Reuters reported.
European equity markets looked set to extend losses next week as stocks teetered at inflated price levels with little on the corporate and economic calendar to act as a positive catalyst.
Volkswagen, Europe's biggest automaker by sales, said Thursday that deliveries of new cars in the first five months of 2007 were up 7.6% from last year, with 2.5 million sold amid rising demand in Europe and Asia.
Airbus added more multi-billion dollar orders to its Paris air show haul on Wednesday, but analysts said the bonanza did not herald a new dawn for the troubled European aircraft maker.
Supermarket chain owner Royal Ahold said Tuesday its shareholders approved the sale of its U.S. Foodservice bulk food distributor to private investors for $7.1 billion.
Dutch banking and insurance company ING Group is buying Turkey's Oyak Bank for $2.67 billion, joining a rush of overseas financial groups buying into the fast-growing Turkish market.
Police raided the offices of Germany's Air Berlin as part of an investigation into claims of insider trading ahead of its acquisition of rival dba last year, the carrier said Tuesday.
Investors have to ask themselves some critical questions this week. Chief among them: are higher Treasury yields here to stay and are we close to the top in yields?
Mail delivery across the European Union should be liberalized by 2011, a panel of EU lawmakers recommended, backing countries such as France and Luxembourg seeking a postponement of the 2009 deadline proposed by the EU's executive arm.
Investor and business confidence in Germany slipped unexpectedly in June, putting a halt to six straight months of increases, with development in Europe's biggest economy expected to hold steady but not gain momentum in the near-term.
The head of Boeing's commercial airplane unit said Tuesday that despite reports of possible delays to the company's new 787 Dreamliner aircraft, the new jet will be delivered as scheduled.
Rolls-Royce, the world's second largest aircraft engine maker, said Monday that it won orders worth a total of $6.06 billion (4.5 billion euros), including a record $5.6 billion (4.2 billion euros) contract to supply engines to Qatar Airways.
Brazilian aircraft manufacturer Embraer said Monday that it has cut deals to sell 30 jets to Germany's Deutsche Lufthansa and another 10 planes to Japan Airlines.
Alitalia's auction risks fizzling out altogether as it enters the final stretch, leaving the Italian government with the bleak prospect of pumping more cash into the unprofitable airline to keep it flying.
Britain's Imperial Chemical Industries has rejected a 7.2 billion-pound ($14.2 billion) bid approach from Dutch chemicals group Akzo Nobel, saying it undervalued the company.
Cinven, a European private equity firm, said Monday it agreed to buy British United Provident Association's 25 British hospitals for 1.44 billion pounds ($2.85 billion), boosting its health care holdings.