Europe News

More

• Weakness Ahead for the Yen? Thursday, 11 Oct 2012 | 1:48 PM ET

  

  While currency investors have been busy monitoring the euro zone mess, downward pressure has been building on the yen.

• Shares Close Higher; Spain Fears Remain Thursday, 11 Oct 2012 | 11:53 AM ET

  European shares extended gains on Thursday to close higher, after data showed an unexpected drop in U.S. weekly unemployment benefit claims, reviving hopes the world's biggest economy is recovering.

• Aussie Jumps, Euro Lifts, Korea Cuts Thursday, 11 Oct 2012 | 8:27 AM ET

  

  Australians get to work and the euro bounces back — it's time for your FX Fix.

• Altman Focuses on Darkened Global Outlook  Thursday, 11 Oct 2012 | 7:46 AM ET

  

  "I think the Federal Reserve and the ECB are exactly in the right place," explains Roger Altman, Evercore Partners chairman & founder, weighing in on Europe's economic crisis, Fed policy, and the worsening outlook on global growth.

• Altman: VP Biden 'Will Be Very Aggressive'  Thursday, 11 Oct 2012 | 7:05 AM ET

  

  "I think it is going to be a very interesting debate--and an important one," said Roger Altman, Evercore Partners chairman & founder, discussing what to expect from tonight's vice presidential debate between Vice President Joe Biden and GOP challenger Paul Ryan.

• Goldman’s ‘Muppet Hunt’ Draws a Blank Thursday, 11 Oct 2012 | 5:17 AM ET

  

  Goldman Sachs has told its board of directors that an internal investigation found little substance to allegations made by Greg Smith, the disaffected employee who claimed the bank has a “toxic environment” where bankers refer to clients as “muppets”. The FT reports.

• Will S&P Ratings Cut Finally Push Spain Into a Bailout? Wednesday, 10 Oct 2012 | 11:32 PM ET

  

  Standard & Poor's decision to cut Spain's credit rating to one notch above junk status is weighing on markets, but analysts see a silver lining.

• Last Call: PC's Sales in a Tailspin Wednesday, 10 Oct 2012 | 11:18 PM ET

  

  Jamie Dimon speaks out, PC sales are in decline; U.S. sets tariffs on solar panels and Spain is downgraded by the S&P for the third time this year.

• Under Chinese, a Greek Port Thrives Wednesday, 10 Oct 2012 | 10:34 PM ET

  

  As the Greek government contemplates shedding state-owned assets to help pay down staggering debts, it could consider leasing or even selling the rest of the port to China, the New York Times reports.

• Strategists: Currencies' Risk Rally Won't Last Wednesday, 10 Oct 2012 | 11:49 AM ET

  

  Risk-sensitive currencies have been on a roll, but these strategists say the fun is about to end.

• European Shares Close Lower on Growth Concerns Wednesday, 10 Oct 2012 | 11:44 AM ET

  

  European shares closed lower on Wednesday for a third consecutive session, with resurging worries about the global economic outlook undermining investor sentiment.

• Dollar Lifts, Euro Dips, the IMF Gets Gloomy Wednesday, 10 Oct 2012 | 7:42 AM ET

  

  Earnings weigh on risk and the IMF issues a euro zone warning — it's time for your FX Fix.

• Casino-Type Stock Market Is Deterring Investors: Broker Wednesday, 10 Oct 2012 | 4:24 AM ET

  

  Trading volumes for stocks have decreased since 2008 and a series of high profile glitches have continued to hurt investor confidence. On Tuesday, erroneous trades led to a spike in a number of U.S.-listed stocks including Pandora and Nokia.

• King Signals Inflation Not Primary Focus Wednesday, 10 Oct 2012 | 2:50 AM ET

  

  Sir Mervyn King has given his clearest admission yet that he no longer believes price stability should be the Bank of England’s sole objective, arguing that central bankers should be flexible with inflation targets to head off future financial crises. The FT reports.

• FSA Eases Bank Rules to Boost Lending Wednesday, 10 Oct 2012 | 1:47 AM ET

  

  Capital and liquidity rules for the biggest UK banks have been quietly relaxed in an effort to stimulate lending, a move that puts Britain at the forefront of a global experiment to use bank regulation to moderate the economic cycle.

• IMF: Sovereign Risk in Japan Banks  Tuesday, 9 Oct 2012 | 9:05 PM ET

  

  Jose Vinals, Financial Counsellor and Director of the Monetary and Capital Markets Department at the IMF says the concentration of government bonds in Japan's banking system is a concern.

• Last Call: A Honey Boo Boo Market Day Tuesday, 9 Oct 2012 | 8:52 PM ET

  

  Equities finish lower, Alcoa and Yum get earnings season off to a good start.

• The Bubble Forming in the North Sea Tuesday, 9 Oct 2012 | 2:39 PM ET

  

  Don't look now, but Norwegian housing prices are on a tear.

• Should Merkel's Green Jacket Make Greeks See Red? Tuesday, 9 Oct 2012 | 1:08 PM ET

  

  German Chancellor Angela Merkel arrived in Athens on Tuesday wearing apparently the same lime green jacket in which she celebrated Germany's defeat of Greece in the 2012 European Football Championship.

• European Shares Fall, Brace for Gloomy Earnings Tuesday, 9 Oct 2012 | 11:45 AM ET

  European shares closed lower in thin trade on Tuesday, with concerns continuing to surround the euro zone as German Chancellor Angela Merkel makes her first diplomatic visit to Athens since the start of the debt crisis in 2009.