Cutting medicine prices and promoting cheap generics in the way European governments are now doing could jeopardize the long-term supply of new heart drugs, a top cardiologist said on Saturday.
DARMSTADT, Germany (Reuters Life!) - A German pop singer who confessed to knowingly exposing two men to the risk of HIV after finding out she had the virus herself was convicted by a court Thursday of grievous bodily harm.
More Polish women are traveling abroad to have an abortion to bypass strict laws outlawing the practice in their overwhelmingly Catholic country, a pro-choice group said on Thursday.
Russia's car market is emerging fast from the crisis as cheap loans return and consumer confidence grows, leading auto makers said on Wednesday as they delivered upbeat forecast for sales growth this year.
This morning the AUD is fairly unchanged from the levels traded yesterday, currently trading around USD0.8900.
The Australian Dollar has opened lower this morning, falling back through USD0.8950 overnight following some disappointing US data releases.
Oil rose toward $76 on Thursday, boosted by a rally in equity markets in Asia and Europe on expectations of strong economic growth in China and Germany.
Shares in Hong Kong and Shanghai climbed, with resources companies outperforming the broader market as news of mega-mergers also whetted risk appetite in the sector.
The Australian Dollar is steady after a relatively quiet night on the economic data front gave the markets little to draw on as far as the state of the economic recovery in the US and Europe is concerned.
German automaker Volkswagen AG struck a deal with workers at its Mexican plant to avoid a strike threatened by the factory's union
The euro struggled near key technical support levels on Wednesday as debt worries weighed, while the Canadian dollar was supported by a huge takeover bid by global miner BHP Billiton for Canada's Potash Corp.
Porsche AG will meet strict U.S. fuel economy standards of 35.5 miles per gallon when they go in force by 2016, Detlev Von Platen, the German automaker's North American president
The euro fell sharply versus Swiss franc on Monday and safe-haven U.S. and German government bond yields hit new lows after much weaker than expected growth numbers from Japan added to worries over a faltering global economic recovery.
Oil edged above $75 a barrel on Monday boosted by a weaker dollar, but concerns about faltering economic recovery in some big oil consuming nations capped gains.
The economy of Japan expanded by a mere 0.1 percent in the second quarter. That followed a string of tepid U.S. indicators last week that helped oil prices fall by more than 6 percent, the biggest weekly drop since early July.
The euro recovered from near one-month lows against the dollar on Monday, aided by a bounce in equity markets, but rallies were hampered by sovereign sales and concerns about the euro zone periphery.
The single currency initially headed lower for a sixth straight day before a slight recovery in European dealing.
Oil rose toward $76 on Monday, boosted by a weaker dollar, while a fall in Asian stock markets on news of a slowdown in Japan's economic growth capped gains.
The economy of Japan, the world's third-largest oil user, slowed to a crawl in the second quarter, up a smaller-than-expected 0.1 percent, knocking down the Nikkei by about 0.6 percent and adding to concerns about a faltering recovery in some major oil consuming nations.
The Australian Dollar has opened weaker this morning trading around the 0.8950 level after a fairly quiet US session on Friday night in which US data releases were not that bad in relation to consensus.
After worrying about Europe for several months, economists are now turning their focus back to the United States, where high unemployment and a historic housing slump just won't go away.
Turkmenistan, long slow to respond to foreign efforts to enter its energy sector, is now considering tenders for development of its Caspian offshore hydrocarbon deposits. The bids are yet another sign of the dramatic changes occurring since the death of the country's mercurial autocrat, president for life Saparmurat Niyazov in December 2006.
Germany will stick to its target to borrow about 65 billion euros ($83.19 billion) this year despite record economic growth and billions in extra tax revenue, the country's finance ministry said on Saturday.
Retail sales rebounded in July but showed hints of lingering economic softness, as did inflation data showing underlying price pressures stuck at their lowest level since the 1960s.
European economic growth accelerated sharply in the second quarter of 2010 as Germany's best performance since reunification more than made up for the struggles of Spain, Ireland and recession-ravaged Greece.
The euro fell on Friday after lackluster results in an Italian bond auction renewed worries about the euro zone peripheral economies and offset strong German growth data.
The U.S. dollar headed for its best weekly performance since early 2009 against a basket of currencies after concerns about the U.S. and global economic outlook prompted investors to dump riskier assets and seek safety in the greenback.
