Brett Gallagher, deputy chief investment officer at the Julius Baer Global Equity Fund, told CNBC’s “Squawk on the Street” that he sees strong growth in Europe as the U.S. economy slows.
Airbus parent EADS posted a multimillion euro quarterly loss Friday and warned that Airbus would "display another substantial loss in 2007.” The company blamed a weaker dollar and major delays at its Airbus unit dragged its 2006 profit down.
A draft final statement at a European Union summit on Friday set a binding target of 20 percent of renewable sources in EU energy consumption by 2020 but offered flexibility on how member states meet that goal.
Here some of Thursday’s big movers on European stock markets: Bwin Interactive Entertainment, Sidenor, William Demant, Sacyr Vallehermoso, Pernod Ricard, Carrefour and TUI.
The European Central Bank raised its key interest rate a quarter point to 3.75%, as widely expected, Thursday, while the Bank of England held rates steady for the second month in a row at 5.25%.
Carrefour, Europe's biggest retailer, posted a 3.3% rise in 2006 net profit Thursday, with a weaker performance in its home market in France dampening robust growth elsewhere.
Here some of Wednesday's big movers on European stock markets: Telekom Austria, Scania, Resolution, MAN, Iberia, Endesa, Vallourec, Lloyds TSB, RBS and ITV.
Struggling auto maker Ford Motor expects its Ford Europe and Premier Automotive Group divisions to report a profit in 2007, according to a Ford executive, indicating its turnaround at those businesses may be gaining traction.
The French government holds crisis talks on job losses at Airbus on Monday as the ruling right's main candidate in presidential elections heads for Toulouse to build trust with workers on the eve of a strike.
Unemployment in Ireland rose slightly last month to 4.3%, according to government statistics released Friday.
Inflation in the 13 nations that share the euro currency slowed by more than expected to 1.8% in January, the EU statistics agency said Wednesday, a figure that may undermine the European Central Bank's case for raising interest rates again next month.
Oil and light metals group Norsk Hydro said Monday fourth-quarter fell 68 percent after the company had to write down the value of some assets.
India's Tata Steel is likely to buy back existing Corus debt in the financing of its acquisition of the Anglo-Dutch steelmaker, the Financial Times said on Monday, citing people familiar with the matter.
Currency issues are expected to take center stage this weekend as finance ministers and bankers from the world’s seven richest nations gather for a meeting in Essen, Germany. Weakness in the Yen will likely spark a debate involving Germany, who wants the G-7 nations to prevent hedge funds from having too much influence over currency markets.
The European Central Bank and the Bank of England both kept interest rates steady Thursday, and now investors will be looking to the ECB press conference for more insight on when European rates will rise.
Although the good Lord had already told markets he would be leaving 17 months early, the latest earnings news has underlined the need for a new broom at BP.
Manchester was the surprise choice Tuesday as the site for Britain's first Las Vegas-style supercasino, beating bids from London's Millennium Dome and Blackpool.
"Does the World Economic Forum have a reason to exist? And two portfolio managers offer investment ideas if an equity pullback occurs.
Lufthansa Chief Executive Wolfgang Mayrhuber sees European airline consolidation accelerating should talks to liberalize the market between the United States and the European Union fail, he told the Financial Times Deutschland.
NYSE CEO John Thain says he expects to complete the merger with Euronext in the spring and is looking for other deals as he tries to build a global market. Asia -- and very likely the Tokyo Stock Exchange -- is next in his sights. "We want to build a global exchange," says Thain, who admits the regulatory environment in the U.S. could be more conducive for that. (More)