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)
"Overall, 52% of CEOs are 'very confident' and 40% 'somewhat confident” about revenue growth over the next year -- more than double the level of 2001."
Stocks in the U.S. are leaning towards a higher open, as investors brace for a barrage of earnings news. Oil is bucking its recent downtrend and is slightly higher as cold weather finally settles into the Northeast. European stocks are trading higher, helped by mining, metals and oil stocks. Asian markets closed higher with Tokyo at a 9-month high.
Stocks in the U.S. look set for a weaker opening, influenced by touchy tech stocks, earnings, and the big decline in oil. Dow components GE and Citigroup both reported earnings early today. GE's 12 percent increase was in line with expectations and Citigroup's lower profits were a bit better than Wall Street expected. Citigroup also raised its dividend by 10 percent.
The pace of U.S. home construction in December came in better than expected this morning – although housing starts ended in 2006 at a 15-year low. The better news somewhat brightens a down housing market--which has been offering a mixed bag of investment opportunities. But is there someplace else to go? Yes--as investors are now looking for opportunities in overseas REITS...
Inflation in Ireland has reached a four-year high of 4.9%, the government's Central Statistics Office reported Thursday, citing a surge in mortgage and fuel costs as well as a hike in tobacco taxes.
Did you do better than 14.8% last year? I ask because that is what Bob Mckee at Independent Strategy claims for the clients that followed his advice in 2006. The brave part of the advice was to underweight equities.
European car sales rose only slightly last year despite economic growth speeding up to the fastest rate since 2000, the manufacturers' association ACEA said Tuesday.
Bulgaria's consumer prices rose by 1.2% in December from a month earlier, the government reported Monday.