European shares look set to finish the third quarter with their best performance in nearly a decade on expectations of economic recovery while world stocks also rose strongly though not as much as in the previous period. The pan-European FTSEurofirst 300 index put on 0.4 percent on Wednesday and the MSCI world index added the same, while commodity prices were also firmer but the do...
The European Central Bank cannot maintain its current strong support of money markets forever, the bank's President Jean-Claude Trichet said on Monday.
Darren Ennis
Twenty-two large banks in Europe may have accumulated credit losses of close to 400 billion euros ($587 billion) for this year and next, the International Herald Tribune reported on Saturday.
The Group of 20 rich and developing nations must tackle global economic imbalances in its new role as the key international policy forum, European Central Bank President Jean-Claude Trichet said in comments released on Sunday.
The Group of 20 rich and developing nations must tackle global economic imbalances in its new role as the key international policy forum, European Central Bank President Jean-Claude Trichet said in comments released on Sunday.
European Commission President Jose Manuel Barroso expressed concern on Friday that the G20 countries were not moving fast enough to help achieve a United Nations agreement on fighting climate change.
The European Commission and officials from countries hosting Opel factories will discuss on Oct. 7 Germany's controversial plan to grant state aid for the ailing European carmaker.
The European Union's anti-trust chief wants to reach a deal with Microsoft Corp in a dispute over Web browsers before she leaves her post later this year, she said in an interview published on Wednesday.
The European Union unveiled its blueprint for an overhaul of the way banks and financial markets are policed, a central plank in new rules designed to prevent a repeat of the global economic crisis.
The European Union unveiled its blueprint on Wednesday for an overhaul of the way banks and financial markets are policed, a central plank to new rules designed to prevent a repeat of the global economic crisis.
European Commission President Jose Manuel Barroso warned Saturday that Ireland could lose its right to nominate an EU commissioner if it rejects the Lisbon Treaty for a second time.
The European Commission unveiled guidelines Thursday specifying how public funds can be used to help companies roll out high-speed broadband networks, and help EU countries benefit from new technologies.
European Commission President Jose Manuel Barroso secured a second five-year term on Wednesday in a vote at the European Parliament.
Asian shares rose on Friday, buoyed by strong Chinese economic data which also boosted commodity prices and sent the dollar to its lowest in a year against a basket of currencies.
Asian stocks drifted lower after hitting a one-year high earlier on Wednesday and the dollar was stuck near a one-year low as investors, hopeful of an economic recovery, held back from moving more money into risky assets.
Asian stocks drifted lower after initially hitting a one-year high on Wednesday and the dollar hovered near a one-year low, with investors taking a breather from moving money into riskier assets in the hope that the global recovery is strengthening.
Emerging markets stocks hit a new year high on Tuesday, rising to levels last seen before the Lehman Brothers collapse, and world stocks in general headed toward a new 2009 peak.
G20 countries need to pre-plan for withdrawal of the monetary and fiscal stimulus that is fuelling global economic recovery but should not move on either front for much of the next year, the OECD's chief economist says.
The European Central Bank kept interest rates unchanged at a record low of 1.0 percent on Thursday and President Jean-Claude Trichet said the euro zone economy faced a very gradual recovery from recession.
World stocks ticked higher on Thursday, bolstered by firmer Chinese shares, while the euro gained and the region's government bonds slipped ahead of a European Central Bank monetary policy decision.
- The Euro has pulled back from intra-day high at 1.4348 to test support at 1.4285 on the back of Trichet call to patience and prudence, on his Press release after the Bank announced its decision to keep its benchmark interest rate at 1.0%.
