Strong global demand for industrial materials will continue for up to ten years, driven by China's fast economic growth, the head of mining company Rio Tinto told CNBC on Tuesday.
A fall in energy costs capped euro zone producer price growth in August despite a jump in non-durable goods, while unemployment stayed at record lows, data showed on Tuesday.
European stocks closed in positive territory on the first trading day of the fourth quarter as investors shook off profit warnings from UBS and Citigroup to focus on rising U.S. stocks.
Good morning. As we begin the fourth quarter--traditionally the strongest--there are two topics on trading desks: 1) earnings season, and 2) to what extent the U.S. slowdown will spread to the global economy.
European stocks closed the week mixed as euphoria over lower-than-expected U.S. inflation data waned, and investors began looking ahead to next week's interest rate decisions from the European Central Bank and Bank of England.
The latest news out of Germany about BMW considering adding a fourth brand to compliment its BMW, MINI, and Rolls-Royce line-up raises an interesting question. How do you add to one of the most successful auto companies in the world and get it right? It's not as simple as it sounds.
Record high coal prices and tight supply are piling the pressure on electricity generators already hit by soaring oil markets and high gas prices, industry players say.
Investment bank Goldman Sachs has slashed its forecasts for economic growth in the United States, Japan and Europe, joining numerous forecasters who are abruptly changing view since the start of a global credit crunch.
Is the credit crunch becoming more of a crumple? There certainly are encouraging signs of life in the credit markets where just a few weeks ago there was a scary paralysis. But it's too soon to call an end to the crisis even though the stock market is clearly taking the improvements to heart.
European stocks closed higher Thursday, with investors shrugging off a surprise drop in U.S. new home sales and weaker U.S. economic growth data.
FL Group, an Icelandic private equity firm that owns 8.25 percent of AMR, said in a letter to the board that changes at the company were long overdue, given the 50 percent drop in the share price since January.
Siemens has extended its $7 billion offer to shareholders of lab equipment company Dade Behring Holdings while it waits for EU antitrust approval, Siemens said on Thursday.
The Lloyd's of London insurance market's pretax profit for the first six months of the year jumped 34% thanks to high premiums and low catastrophe claims, it said on Thursday.
European stocks closed higher Wednesday as investors shrugged off a sharp drop in U.S. durable goods figures for August, and concerns over tightness in the credit market eased on news the Bank of England received no bids for its liquidity injection.
The value of European banks could tumble by as much as 20% in 2008, Pierre Yves Gauthier, head of strategy at Oddo Securities, told "Squawk Box Europe" Tuesday, as the subprime-related turmoil takes its toll on the sector's growth potential.
Austrian oil and gas group OMV upped the ante in its battle to take over Hungary's MOL on Tuesday, telling MOL shareholders it would offer $20 billion if MOL's board agrees to negotiate.
European stocks closed the week moderately higher, but volatility is seen ahead as investors worry about the effects of soaring oil prices and a weaker dollar on inflation in the U.S.
The European Union will press ahead with plans to include aviation in its emissions trading system despite United States' efforts through a U.N. body to discourage it, a spokeswoman for the EU executive said on Friday.
The U.K.'s top banks are mulling borrowing funds from the Bank of England's 10 billion pounds ($20 billion) facility to remove the stigma attached to it and restore confidence in the banking system, the Financial Times reported Friday.
A global credit crunch knocked down Eurozone private sector growth to a two-year low in September as new orders plunged, a survey showed on Friday, making any further interest rate hike this year unlikely.