Opel turned its back on state assistance for its restructuring drive on Wednesday, abandoning months of talks with European governments and leaving parent General Motors to fund the program.
Asian shares rose on Wednesday, led by electronics makers and resource stocks, after successful European debt auctions boosted hopes for global growth and lifted commodity prices.
Shares of CBOE Holdings Inc jumped 12 percent in their market debut as investors flocked to the last major North American financial exchange to go public and a potential takeover target.
Shares of CBOE Holdings Inc jumped as much as 16 percent in their stock market debut Tuesday as investors saw bright prospects for the parent of the Chicago Board Options Exchange.
Spain's and Portugal's fiscal tightening plans this year and next are appropriately ambitious but both countries should spell out in more detail austerity steps planned for 2011, the European Commission said on Tuesday.
Perhaps it was only a matter of time until the vuvuzela became a runaway hit on the iPhone.
European policymakers sought to squash talk of a euro zone rescue for Spain on Tuesday as the country saw its borrowing costs rise in a debt auction ahead of an EU summit to discuss steps to fix the currency bloc.
The sound of vuvuzela trumpets in World Cup broadcasts may be silenced by the BBC following hundreds of complaints but the incessant drone has become a runaway hit with iPhone users.
Spain's and Portugal's fiscal tightening plans this year and next are appropriately ambitious, the European Commission said, as it approved progress in fiscal consolidation also in 10 other European Union countries.
Asia's stock market rally paused on Tuesday and the euro sputtered after five days of gains as it struggled to break through a resistance after a downgrade of Greece's credit rating reminded investors that Europe's debt crisis was not over.
Spain said on Monday that foreign banks were refusing to lend to some of its banks in the latest twist to the euro zone debt crisis, but denied it was on the brink of seeking a Greek-style European financial rescue.
It was after 1 a.m. on Monday May 10 when a little-known Dutch civil servant made the suggestion that may have saved the euro. European finance ministers had come together in Brussels late on the Sunday afternoon to thrash out a rescue package to stabilize the common currency. Unconvinced by a 110 billion euro deal for debt-laden Greece eight days earlier, the markets had knocked the euro 4 percen...
European Central Bank board member Christian Noyer on Sunday said France's aim to bring its budget deficit down to 3 percent from 8 percent of GDP by 2013 was realistic.
European Union leaders will make a new attempt this week to convince financial markets they can contain a debt crisis by agreeing how to tighten economic policy coordination and strengthen budget discipline.
The leaders of France and Germany will seek to overcome deep-rooted disagreements on European economic governance at a meeting in Berlin Monday, setting the tone for a European Union summit later this week.
Tens of thousands of Germans protested on Saturday against Germany's biggest austerity drive since World War Two, adding to pressure on Chancellor Angela Merkel's increasingly unpopular coalition.
Germany's Finance Ministry on Saturday denied a media report that federal net new borrowing would be around 60 billion euros next year.
Gold rebounded on short
covering on Friday after falling around 1 percent in the
previous session, while a rise in ETF holdings to another
record showed bullion still attracted buying from investors.
Asian stocks rose for a fourth day on Friday on optimism that the world economic recovery was on track despite Europe's debt woes, while the euro was steady after a rally the previous day.
The euro rose on Thursday for a third straight day as strong demand for Spanish bonds eased concern about the country's ability to finance its debt and a spike in Chinese exports boosted confidence on global growth.
The European Central Bank, Germany's constitutional court and China's pension fund gave a triple boost to efforts to stabilize the euro zone on Thursday, lifting the single currency and European stocks.
The European Central Bank, Germany's constitutional court and China's pension fund gave a triple boost to efforts to stabilize the euro zone on Thursday, lifting the single currency and European stocks.
