CEOs, many of whom are gathering in the Swiss ski resort of Davos for this year's World Economic Forum, are feeling less optimistic about their companies' growth prospects than last year or the year before, PwC said Tuesday.
Mario Monti will take part in Italy’s elections in February, media reports said on Thursday, confirming speculation that the Italian prime minister will join a centrist group and remain in politics to lead Italy out of the debt crisis.
Just 15,000 packs of six bottles of Westvleteren 12 were sold in the United States at $85 each this week.
When he won the race to become Italy's center-left candidate, Pier Luigi Bersani said his Democratic Party would have to win by telling "the truth, not fairy tales".
Mario Monti’s announcement that he will step down as Italy’s Prime Minister represents a significant setback in the euro zone’s rehabilitation, analysts warned on Monday, with the decision set to push up Italian bond yields and heap pressure on the euro as well as push Spain closer to the edge of a funding crisis.
Already brought to its knees by spiraling debt and huge unemployment, Spain can ill afford to lose the main contributor to its economy. Yet that is the potential outcome of elections in the north-eastern region of Catalonia on Sunday.
The International Energy Agency (IEA) cut its forecast for global oil demand in the fourth quarter, citing weakness in Europe and the impact of Hurricane Sandy in the U.S., but saw strong demand in emerging countries where oil demand is set to grow at its fastest pace in almost two years.
The euro zone's economic fundamentals are "way more balanced" than those in the U.S., the U.K. or Japan, European Central Bank President Mario Draghi said on Thursday, adding the region is poised for a slow but solid recovery.
Despite huge efforts to keep the euro zone afloat, business leaders now believe that some of the region’s most troubled countries are riskier places to invest than war-torn nations in the Middle East or North Africa.