European shares accelerated losses to close lower as investors digested events in Ukraine and considered the likelihood of more monetary easing from the European Central Bank.» Read More
Shares in Russian-owned Norilsk Nickel were being quoted over the counter at $201, above their April peak, as the world's largest nickel and palladium miner said its 2006 net profit more than doubled due to record prices in the metals.
European stock markets look set to carry over negative sentiment from the previous week, as fears over rising borrowing costs erode confidence in the recent equity bull run, but investors are over reacting to the selloff in bonds, according to Stephen Pope, Head of Equity Research at Cantor Fitzgerald Europe.
Bank of America has accused a Dutch court of unlawful action by blocking its $21 billion purchase of ABN Amro's U.S. unit LaSalle Bank in an appeal filing, the Financial Times reported on Friday.
Are you thinking what I’m thinking? There are plenty of worried-looking people wandering around in trading rooms this morning.
This meeting of the world's richest nations may be the most challenging one for the U.S. in years, given the growing power of Russia and China.
Russian President Vladimir Putin proposed to US President George W Bush setting up a joint missile radar base in Azerbaijan to overcome a crisis between the two countries.
A global solution is needed to tackle climate change and the inclusion of the United States in any agreement is vital, European Commission President José Manuel Barroso president, told CNBC Europe.
The European Central Bank raised its core interest rate to 4% from 3.75% Wednesday, as widely expected, but ECB President Jean-Claude Trichet refrained from using the now-familiar phrase "extreme vigilance" to signal further rate hikes.
Italy's Enel, which is poised to take over Spain's biggest utility, will expand its presence in Russia after it beat rivals to buy a one-quarter stake in the Russian wholesale generation company OAO OGK-5 for about $1.52 billion.
The French government's plan to exempt workers and businesses from taxes on overtime pay to stimulate the economy will cost 2.5 billion euros to 3 billion euros ($3.38 billion to $4.06 billion), Prime Minister Francois Fillon said Wednesday.
What goes wrong for markets from here? Morgan Stanley created ripples on the pond this morning by issuing its so-called triple-sell warning on equities. The research suggests a 14% correction likely over the next 6 months. Do you buy it? Were they producing warnings like these on the eve of the last significant correction?
The European Central Bank is poised to raise interest rates to 4.0% on Wednesday, the highest level in six years, with investors anxious for clues on the pace of future hikes.
GlaxoSmithKline, its shares off 12% in the past fortnight due to a safety scare over diabetes drug Avandia, is under growing pressure to increase cash returns to mollify shareholders.
British service sector activity grew slightly more than expected in May but companies raised prices at their weakest rate in more than a year, a survey showed on Tuesday.
Whole Foods Market, the world's largest organic and natural foods chain, opens its first store outside North America in London on Wednesday and plans hundreds more in Britain and across Europe.
The above were the words of Henry Kravis, recently celebrating the success of the private equity industry. Kravis and his peers are in the headlines like never before, the cost of capital below the earnings yield of target companies is providing a powerful dynamic for the deals to continue.
Leaders of the G8 powers will call this week for greater vigilance on hedge funds in the hope that the industry will take it upon itself to prevent accidents like the collapse of LTCM in the late 1990s.
Virgin Group founder Richard Branson plans business class-only flights with a fleet of up to 15 new planes, in a move which could spell trouble for upstart rivals in the competitive transatlantic market.
Telecom equipment maker Nokia Siemens Networks said Friday that it appointed Eric Simonsen as chief financial officer, effective June 1.
Cadbury Schweppes is planning to move out of its expensive central London offices as part of a cost-cutting drive that will be announced on June 19, a source familiar with the matter said on Friday.