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Europe Top News and Analysis

  • Berlusconi Says Would Back Draghi as President Tuesday, 15 Jan 2013 | 9:24 AM ET
    Silvio Berlusconi

    Former Italian prime minister Silvio Berlusconi said on Tuesday he would back Mario Draghi if the head of the European Central Bank was proposed as the country's next president.

  • Hints of Competitiveness in Recession-Hit Spain Tuesday, 15 Jan 2013 | 7:14 AM ET
    Demonstrators take part in a protest against government's health cuts and privatisation plans in Madrid on December 16, 2012.

    Latin American markets have been a prime target for Spanish companies because of their language advantage, and giants such as Telefonica and Banco Santander have increased their exposure there to compensate for problems in their domestic market.

  • Fitch Warns of US Downgrade Over Debt Fight Tuesday, 15 Jan 2013 | 6:10 AM ET

    Failure to raise the debt ceiling within a "timely" manner would see the United States' sovereign ratings put under formal review with "highly uncertain" consequences, rating agency Fitch warned U.S. policymakers Tuesday.

  • Italy's Berlusconi Closing Gap Ahead of Vote Tuesday, 15 Jan 2013 | 5:07 AM ET
    Silvio Berlusconi

    Silvio Berlusconi's center-right coalition is making rapid gains ahead of next month's elections, the latest polls suggest, increasing the possibility that even if the center-left wins as expected it may not be able to form a table Italian government.

  • Chavez Illness Sparks Fears of Vacuum for Oil Exporter Tuesday, 15 Jan 2013 | 5:04 AM ET
    Hugo Chavez

    In Venezuela politics and oil have become inseparable. But Hugo Chavez' health problems have sparked fears of a political vacuum that could jeopardize a multi-trillion dollar crude industry.

  • Chinese Company Places Huge Order for Airbus Jets Tuesday, 15 Jan 2013 | 4:11 AM ET
    Airbus

    BOC Aviation, the aircraft leasing arm of Bank of China, has placed its largest ever order to buy 50 A320 family jets from Airbus at a list price of $5 billion.

  • Euro Zone's Poster-Child Faces a New Crisis Tuesday, 15 Jan 2013 | 3:37 AM ET
    View over Lublijana, Slovenia.

    Protests, a mutiny among politicians calling for the prime minister's resignation, billions in bad debt, and an economic recovery on hold — just a few of the challenges facing Slovenia.

  • Roubini: No Need to Panic Over Debt Ceiling, Yet Tuesday, 15 Jan 2013 | 2:47 AM ET
    Nouriel Roubini, chairman and co-founder of Roubini Global Economics

    Gloomy economic diktats and predicting the financial crisis have earned economist Nouriel Roubini the title Dr. Doom, but in his latest interview the economics professor said the United States had little to fear, despite ongoing fiscal negotiations and the looming debt ceiling.

  • In this Aug. 22, 2012 file photo, Scott Marshall, top, of Calhoun, Ga., files for unemployment, in Dalton, Ga. Fewer Americans applied for unemployment benefits last week, and a private survey showed businesses stepped up hiring in August. The data sketched a brighter outlook for the job market one day before the government reports on August employment. (AP Photo/David Goldman, File)

    The number of U.S. families struggling with poverty despite parents being employed continued to grow in 2011 as more people returned to work but mostly at lower-paying service jobs.

  • European Union (EU) flags fly outside the the European Commission headquarters in Brussels.

    There will be no chance of a financial transactions tax, a short-selling ban, or any other business-unfriendly measure being implemented here if the U.K. is not in the EU. That is a strong reason to suspect that the City would thrive outside of the EU, Professor Moorad Choudhry writes.

  • Rio Tinto Output Tops Forecast on Resurgent China Monday, 14 Jan 2013 | 11:39 PM ET
    A haul truck is loaded by a digger with material from the pit at Rio Tinto Group's West Angelas iron ore mine in Pilbara, Australia.

    Rio Tinto said on Tuesday its iron ore production beat its own guidance to hit 253 million tons in 2012, as the miner cashes in on resurgent Chinese demand that has driven up prices in recent months.

  • A miner at Vaal River gold mine, operated by AngloGold Ashanti in Klerksdorp, South Africa

    Conflict in the West African state of Mali -- the continent's third-largest gold producer -- poses "manageable" risks for miners active in the country's south as Al Qaeda-linked Islamist rebels remain confined to strongholds in the north while former colonial power France continues its offensive against militant bases.

  • Greece Sees Gold Boom, But at a Price Monday, 14 Jan 2013 | 8:23 PM ET

    For some Greek residents, new mining plans are a blessing, but for hundreds of others, it is nothing more than a symbol of the country's willingness to accept any economic development, no matter the cost . The NYT reports.

  • Royal Budgets Face Cuts in Austerity Wracked Europe Monday, 14 Jan 2013 | 11:04 AM ET
    Queen Beatrix of the Netherlands and Queen Fabiola of Belgium

    Belgium's prime minister, Elio Di Rupo, has rebuked Queen Fabiola for trying to shield some of her fortune from taxes.

  • Antony Jenkins, chief executive officer of Barclays PLC.

    Barclays and Deutsche Bank will take a knife to bonuses for investment bankers as they seek to tackle high costs, people familiar with the matter said.

  • First Shots Fired in 'Currency War' Monday, 14 Jan 2013 | 10:58 AM ET
    Dollar, Euro and Iranian Rial

    Japan set the stage for a global currency war, which could hamper the global recovery and relatively robust stock market.

  • Euro Zone Factory Output Falls Amid Signs of Bottom Monday, 14 Jan 2013 | 9:16 AM ET

    Output at euro zone factories fell for the third straight month in November and against expectations of a rise.

  • Dawn of the 'Crexit,' but You May Have Missed Out Monday, 14 Jan 2013 | 8:12 AM ET

    Investors are turning optimistic on stocks, with inflows into equity funds hitting a five-year high as Deutsche Bank suggests 2013 could spell the "dawn of the post-crisis era."

  • UK Finance Job Sackings, Suspensions at 5-Year High Monday, 14 Jan 2013 | 3:59 AM ET

    The number of financial services staff sacked or suspended in Britain last year for reasons such as wrongdoing reached the highest level in five years, law firm Pinsent Masons said on Monday.

  • China's Sovereign Wealth Fund in Big 2012 Turnaround Monday, 14 Jan 2013 | 3:36 AM ET
    Lou Jiwei, chairman of China Investment Corp.

    China Investment Corporation (CIC), the world's biggest sovereign wealth investor said 2012 was a much better year for the $482-billion fund, with returns of over 10 percent.

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