EUROPEAN UNION

Guinea"s President Alpha Conde

Guinea's Conde defuses poll row over election date

Guinea's president declared late on Tuesday that the date for landmark parliamentary elections should only be set once there is agreement among rival parties on the timing, defusing a row that has already sparked deadly clashes.
Flaherty: Bond volatility to continue without firewalls

Flaherty: Bond volatility to continue without firewalls

Volatility in government bond markets is likely to continue unless European countries take steps to shield their financial systems, Canada's finance minister said as he expressed frustration with Europe's two-year old debt crisis.
More news
IBTimes Logo

China FDI Remains Strong, but Export Outlook Darkens

Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.
Sugarcane

Mauritius revises up 2011 sugar output: chamber

Mauritius' Chamber of Agriculture revised its 2011 sugar production forecast up by 5 percent to 410,000 tonnes on Tuesday, saying the sugar cane crop had proven more resilient to poor rainfall than expected.
IBTimes Logo

Ukraine parliament rejects Tymoshenko reprieve

Ukraine's parliament on Tuesday rejected a move to downgrade the abuse-of-power offence under which former prime minister Yulia Tymoshenko has been jailed, dealing a blow to prospects of an early release for the charismatic opposition leader.
IBTimes Logo

Italy's Monti center stage, France alarm bells

Prime Minister-designate Mario Monti raced to assemble a new government for Italy on Tuesday while a sharp rise in French borrowing costs raised fears that the two-year debt crisis may spread to the euro zone's second biggest economy.
IBTimes Logo

Shares extend losses, France in spotlight

European shares and the euro fell on Tuesday as investors renewed selling of Italian and Spanish bonds, while a sharp rise in French yields pointed to a growing risk that the two-year debt crisis may spread to one of the region's big two economies.
Man is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo

Asian Shares Drop as Eurozone Bond Yields Rise

Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises and win market confidence.
Former European Commissioner Mario Monti leaves a hotel in Rome

Italy's Monti to Discuss 'Sacrifices' With Parties

Prime Minister-designate Mario Monti meets the leaders of Italy's biggest two parties on Tuesday to discuss the many sacrifices needed to reverse a collapse in market confidence that is driving an ever deepening euro zone debt crisis.
German Chancellor Angela Merkel delivers a speech after receiving the Emperor Otto Prize in the Magdeburg Cathedral in Magdeburg

Merkel Says Europe Faces Toughest Challenge Since WWII

LEIPZIG, Germany, Nov 14 - Warning that Europe faced its toughest hour since World War Two, German Chancellor Angela Merkel urged her party to set aside its misgivings about the euro and accept closer political integration as a solution to the bloc's deepening debt crisis.
IBTimes Logo

Obama to China: Behave Like a Grown up

President Barack Obama served notice on Sunday that the U.S. was fed up with China's trade and currency practices as he turned up the heat on America's biggest economic rival.
Newly appointed Prime Minister Monti looks on following a talk with Italian President Giorgio Napolitano at the Quirinale palace in Rome

Europe Could be in Worst Hour Since WWII: Merkel

German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the euro zone debt crisis.
Italy anxiously awaits reaction to new premier

Italy Anxiously Awaits Reaction to New Premier

Italy anxiously awaits the reaction of financial markets Monday to the appointment of former European Commissioner Mario Monti to head a technocratic government, hoping it will end a disastrous week for the Eurozone's third largest economy.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.