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  • BP Makes Major Gas Discovery in Azerbaijan Wednesday, 14 Nov 2007 | 8:11 AM ET
    Oil Refinery

    Oil giant BP announced on Wednesday a major gas-condensate discovery in Azerbaijan's Shah Deniz field in the Caspian Sea, which field partner StatoilHydro said could double the field's output.

  • McDonald's to Sell Up to 21% of Outlets to Franchisees Tuesday, 13 Nov 2007 | 2:06 PM ET
    mcdonalds_logo.jpg

    McDonald's, the world's largest fast-food chain, said on Tuesday it would sell up to 21 percent of its company-owned restaurants to franchisees over the next three years or more.

  • European Shares End Mixed; Telecoms Up, Energy Falls Tuesday, 13 Nov 2007 | 12:56 PM ET

    European stock indexes closed mixed on Tuesday as the impact of gains in telecoms inspired by a raised outlook from Vodafone, was countered by losses in the energy sector which tracked weaker oil prices.

  • IEA Says Record Oil Prices Put Brakes on Demand Tuesday, 13 Nov 2007 | 7:48 AM ET
    oil_rigs_3.jpg

    The International Energy Agency on Tuesday sharply reduced its forecast for oil demand growth through the rest of 2007 and into 2008 saying oil's march towards $100 was already slowing consumption.

  • Banks Boost European Shares, Offset Fall in Oils Monday, 12 Nov 2007 | 12:41 PM ET

    European shares ended flat on Monday after a three-day losing streak as a bounce-back in financial stocks, which have borne the brunt of the global liquidity crisis, offset a fall in energy shares.

  • Europe Stocks End at 6-Week Closing Low; Miners Jump Thursday, 8 Nov 2007 | 12:52 PM ET

    European equities lost ground on Thursday, ending at their lowest close in six weeks as persistent credit fears continued to pull banking stocks lower.

  • European Stocks Bounce Back from Losing Streak Tuesday, 6 Nov 2007 | 1:10 PM ET

    European stocks rose slightly Tuesday, snapping a three-day losing streak, as investors embraced some upbeat earnings reports from the likes of Swiss Reinsurance and U.K. retailer Marks & Spencer.

  • Valero Profit Sinks 20% as Refining Margins Shrink Tuesday, 6 Nov 2007 | 8:36 AM ET

    Independent refiner Valero Energy said on Tuesday its third-quarter earnings fell 20 percent as the margins to make gasoline fell sharply from the record levels reached in the second quarter.

  • Gasoline Prices Near Summer Peaks on $95 Crude Monday, 5 Nov 2007 | 2:30 PM ET

    U.S. retail gasoline prices have rebounded to summertime levels following the five-week bull run that has lifted crude oil prices to over $96 per barrel, according to retail surveys released this week.

  • European Stocks Fall for Third Day on Banking Woes Monday, 5 Nov 2007 | 1:14 PM ET

    European shares declined for a third straight session on Monday, with banks again topping the losers' list as Citigroup's warning of loan losses sparked fresh worries over the impact of credit market woes.

  • European Bank Stocks Dive on Subprime Fears Thursday, 1 Nov 2007 | 11:18 AM ET

    European bank stocks took a dive on Thursday as fear spread among investors that the U.S. subprime crisis will take another huge chunk out of profits in the fourth quarter.

  • European Stocks Close Firmly Higher on Fed-Cut Hopes Monday, 29 Oct 2007 | 12:39 PM ET

    Major European markets ended in positive territory Monday, as anticipation of lower U.S. interest rates helped sentiment.

  • Big 3 Automakers: Road To Success May Be Overseas Monday, 29 Oct 2007 | 9:17 AM ET

    The latest reports in Automotive News about strong sales in Eastern Europe helping Ford and Toyota meet sales goals, confirms something I've been hearing for some time from Big 3 execs. Don't focus so much on the U.S. and lose sight of the real battle over global sales.

  • Global Growth Slowdown Is Threat To Markets Friday, 26 Oct 2007 | 1:32 PM ET

    With positive comments from Microsoft and Countrywide today, it's time to step back and take a slightly broader view of the markets. The S&P is up 7% this year (and 3% from its historic high).

  • EU's McCreevy Says Northern Rock Made Worse by UK Friday, 26 Oct 2007 | 1:11 AM ET

    Britain only has itself to blame for how problems at Northern Rock turned into the first run on a UK bank in 140 years, the European Union's top financial regulator, Charlie McCreevy, is expected to say later Friday.

  • Russia, EU Agree on Warning System on Oil, Gas Supplies Wednesday, 24 Oct 2007 | 4:13 AM ET

    Russia and the European Union have agreed to set up an early warning system which will alert them to any disruptions to gas and oil supplies flowing through Russian pipelines, a senior Kremlin official said on Wednesday.

  • EU Leaders Strike Final Deal on Reform Treaty Thursday, 18 Oct 2007 | 11:02 PM ET

    European Union leaders clinched final agreement on Friday on a treaty to reform the 27-nation bloc's institutions, replacing a defunct constitution and ending a two-year crisis of confidence in Europe's future.

  • ICBC Eyes Expansion in Middle East, Russia Wednesday, 17 Oct 2007 | 3:44 AM ET

    Industrial and Commercial Bank of China, the country's largest bank, plans to open branches in Doha, Dubai, Moscow and Sydney, Chairman Jiang Jianqing said on Wednesday.

  • Gazprom is ready to sell up to 50 percent of its forthcoming Italian gas distribution and marketing unit to local investors, the daily MF said without giving a source.

  • European Indexes Close Higher as Telecoms Surge Thursday, 11 Oct 2007 | 11:49 AM ET

    Better-than-expected earnings from mobile-phone company Sony Ericsson boosted telecommunications stocks in Europe and added to a firm close for the major indexes Monday.