Latest Europe Business News
RSS-
German-French plan to help jobless
unemployment has become a pressing problem in many countries as economic belt-tightening continues.The German-French initiative comes at a time when both governments are under pressure: Germany faces criticism of its austerity-heavy remedy for Europe's debt crisis, while France has gone ...
-
Vanguard chooses FTSE indexes for 4 new ETF equity funds
BOSTON | Wed May 22, 2013 11:39am EDT BOSTON May 22 (Reuters) - Vanguard Group, one of the largest managers of exchange-traded funds, will use stock market indexes from FTSE Group for four new funds based in Ireland, the companies said on Wednesday. Vanguard, which oversees about $288 billion in ETFs, said it would use indexes from FTSE for Irish-domiciled funds covering developed ...
-
IRS official refuses to answer questions at scandal hearing
View Photo Reuters/Reuters - U.S. Director of Exempt Organizations for the Internal Revenue Service, Lois Lerner, takes her seat before a House Oversight and Government Reform Committee hearing on alleged targeting ...
More Europe Business News
RSS-
Artist Ai Weiwei uses music to mock state power in China
View Photo Associated Press - Artist Ai Weiwei speaks to journalists at his studio in Beijing, China, Wednesday, May 22, 2013. Ai's music video accompanying his heavy metal single "Dumbass'' released Wednesday ...
-
Dubai authorities seize shipment of 259 elephant tusks
IFAW ) said in a statement that the container came from Mombasa in Kenya. Poaching has risen in recent years across sub-Saharan Africa, where well-armed criminal gangs have killed elephants and rhinos for tusks that are often shipped to Asia for use in ornaments and some medicines. The UAE ministry said the shipment, containing 259 pieces of ivory, was discovered by customs officials ...
-
Bernanke offers no hint of pullback in Fed stimulus
Chairman of the Federal Reserve Bank Ben Bernanke attends the Treasury Department's Financial Stability Oversight Council in Washington April 25, ...
-
U.S. Senate leader eases pressure on Myanmar
Thein Sein and said he's seen significant progress in political and economic reforms. However, he also said he had concerns about the security situation in Myanmar. McConnell, R-Ky., who sponsored legislation that placed economic sanctions on Myanmar, said he wasn't going to press the issue further because of political reforms. "I will not be making an effort to renew those ...
-
Euro falls to session low vs dollar
NEW YORK | Wed May 22, 2013 11:06am EDT NEW YORK May 22 (Reuters) - The euro fell to a session low against the dollar on Wednesday after Federal Reserve Chairman Ben Bernanke warned that holding interest rates too low for too long has its risks. Trading was volatile with investors first selling, then buying the dollar as they digested Bernanke's testimony to Congress. The euro was ...
-
Monaco €1 billion reclamation plan for luxury homes district
Monaco plans to reclaim six hectares of land from the Mediterranean to build a new district of luxury apartment blocks, shops and offices. Patrice Coppee / ...
-
European Union Leaders Meet on Tax Avoidance
BRUSSELS -- European Union leaders gathered here Wednesday for a one-day meeting focused on tax avoidance, amid mounting indignation over reports that American companies including Apple had sheltered profits in member states like ...
-
FBI kills man suspected of ties to Boston bomb suspect
Boston Marathon bombings early on Wednesday, NBC News reported.NBC said the suspect was being questioned and was originally cooperative, but was fatally shot after attacking the ...
-
Wall St opens higher ahead of Ben Bernanke testimony
22 May 2013 US stocks edged higher at the open on Wednesday, ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben Bernanke on the economy and monetary ...
-
FOREX-Dollar declines vs euro before Bernanke testimony
* Dollar eases, investors await Bernanke for cues * BOJ upgrades economic assessment, stands pat as expected * Euro hits 3-1/2 year high vs yen, 2-year peak against Swissie NEW YORK, May 22 (Reuters) - The dollar fell against the euro for a third day on Wednesday as investors trimmed their bets on ...
-
Iberdrola Said to Lower Borrowing Costs on 3 Billion-Euro Loan
Iberdrola SA (IBE) got lender backing to increase a 1.5 billion-euro ($1.9 billion) credit line by 750 million euros and reduce a more expensive term loan by the same amount, according to a person familiar with the matter. The Spanish utility, which is facing declining revenues in its domestic ...
-
FTSE dips below 6800 Lloyds boosted by regulator
12:42pm BST The FTSE 100 retreated from the 13-year high it closed at last night after minutes from the Bank of England showed the monetary policy committee remains opposed to extending quantitative easing, or money printing, to boost the economy. The blue chip index gave up 14 points or 0.2% to ...
-
Tornando survivors try to recover
A group of men pray with tornado survivor Tim Wardwell. (Jason Sickles/Yahoo News) MOORE, Okla. -- Atop a pile of rubble that had been his home, Tim Wardwell choked back tears. A group of strangers prayed with him and gave thanks that he wasn't among the 24 tornado fatalities. "I don't know how I'm here, dude," Wardwell told Yahoo News. Wardwell and his wife, Kelsey, ...
-
Obesity costing Irish economy more than €1bn per year
Leading health experts say obesity is costing the Irish economy more than EUR1bn every year. That is according to data being examined at a conference at the Royal College of Physicians of Ireland in Dublin today. More than 60% of Irish people are now overweight or obese, an issue delegates say is causing a number of diseases including diabetes, heart disease and multiple types of cancer. Dr Anne ...
-
Euro climbs to one-week high vs dollar ahead of Bernanke
NEW YORK | Wed May 22, 2013 9:53am EDT NEW YORK May 22 (Reuters) - The euro climbed to a one-week high against the dollar and a fresh 3-1/2-year high against the yen on Wednesday ahead of testimony from U.S. Federal Reserve Chairman Ben Bernanke. The euro was last up $1.2949, up 0.3 percent after climbing as high as $1.2958. The euro rose as high as 133.45 yen . Bernanke testifies to ...
-
Credit rating firms sow doubt on euro zone bond rally
By Marius ZahariaLONDON (Reuters) - Credit rating firms say they could further downgrade the ratings of highly indebted euro zone countries, putting their bonds at risk of being pitched out of global indexes and reversing a fall in their borrowing costs.The view from the rating firms contrasts with the sanguine attitude of investors who, flush with central bank cash and reassured by the European ...
-
Eurozone The troika pulls its separate ways
a report on the actions of the troika published in May. On the ground, says Mr Sapir, the technical teams know how to smooth out differences and work in harmony. At the political level, though, the collaboration is less in evidence. In Brussels, no one dares openly criticise the IMF, whose presence at the table is acknowledged as a guarantee of credibility. The participation of the fund, ...
-
EU leaders shine spotlight on Apple Amazon Google over tax policy
Britain , France and the United States exposing how little tax major international companies have been paying by carefully structuring their European operations has forced the issue to the top of the agenda.France and Britain in particular have grown concerned by the sheer scale of the legal tax schemes, with a U.S. investigation revealing on Monday ...
-
4m euro facelift for Grafton Street
Over the next 18 months broken red bricks on the capital's premier shopping street will be replaced by natural granite, some from the Dublin and Wicklow mountains.The work will begin in early June and be carried out in five stages to finish in time ...
-
Grafton St all set for €4m facelift
Work on a facelift for Dublin's Grafton Street begins in June. The 4 million Euro project will take 18 months to complete with an 8 week break over Christmas. Work begins at the St. Stephens Green end of the street, to Chatham Street and then Trinity College end in September. All work will be completed by November ...
-
Britains FTSE slips on profit-taking at 13-year highs
* FTSE 100 down 0.1 percent* Investors pocket gains in tech and luxury sectors* Federal Reserve monetary support seen continuing* FTSE 100 has further to go - Credit SuisseBy Alistair SmoutLONDON, May 22 (Reuters) - Britain's FTSE 100 weakened ...
-
Bulgarian energy firm BEH to meet investors for 250 mln Euro bond
SOFIA | Wed May 22, 2013 6:14am EDT SOFIA May 22 (Reuters) - Bulgaria's BEH, the state largest energy holding company, will meet with potential investors in its 250-million-euro ($321.81 million) bond issue in late July and early August, its chief executive said on Wednesday. BEH, which picked Citigroup to lead manage the bond issue, needs to refinance debt and invest in gas ...
News from around our Network
