Latest Europe Business News
RSS-
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 ...
More Europe Business News
RSS-
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 ...
-
Syrian opposition urges rebels to join key battle
BEIRUT -; Syria's main opposition group is urging rebels to come from around the country to reinforce Qusair, a western town under attack by Syrian troops and members of Lebanon's Hezbollah ...
-
Garcetti builds lead as L.A. picks new mayor
View Photo Associated Press - File-This file combo shows a Feb. 20, 2013 file photo of Los Angeles mayoral candidate Eric Garcetti speaking to media in Los Angeles, left, and undated image provided by the Wendy ...
-
Eurozone current account surplus grows ECB
The high current account deficit will persist as long as we live in a world of low growth - that hurts our exports - and easy global liquidity, which pumps up the oil import ...
-
CORRECTED-FTSE edges down awaits U.S. stimulus clues
Wed May 22, 2013 6:30am EDT (corrects highest ever FTSE closing level in par 3) * FTSE 100 down 0.3 percent at 6,786.98 * Investors await FED minutes on stimulus measures * Kazakmys and ENRC fall on bid uncertainty * ARM falls post investor day on earnings uncertainty * Lloyds rises as it allays fears of an equity raise By David Brett LONDON, May 22 (Reuters) - Britain's FTSE 100 weakened ...
-
Immigration bill heads to full Senate
FILE - In this May 20, 2013 file photo, Senate Judiciary Committee Chairman Patrick Leahy, D-Vt., left, confers with Sen. Chuck Schumer, D-N.Y., center, and Sen. Dianne Feinstein, D-Calif., as the Senate Judiciary Committee assembled to work on a landmark immigration bill to secure the border and offer citizenship to millions, on Capitol Hill in Washington. Leading senators working on ...
-
600 police photos of Tucson rampage scene released
In this image released by the Pima County Sheriff's department, police notes are seen scrawled on the trunk of a police car, in the aftermath of the Tucson shooting rampage that killed six people and wounded former U.S. Rep. Gabrielle Giffords and 12 others in January 2011. Authorities released more than 300 photos on Tuesday, May 21, 2013, made by investigators during their investigation ...
-
Irans Ahmadinejad denounces election decision
TEHRAN, Iran -; Iranian President Mahmoud Ahmadinejad says a decision by election overseers to disqualify his top aide from an upcoming presidential race is an act of "oppression" and he will take the case to the country's Supreme Leader Ayatollah Ali ...
-
ECB FOCUS-Target2 charts progress since Draghis save the euro pledge
By Sakari Suoninen FRANKFURT | Wed May 22, 2013 4:36am EDT FRANKFURT May 22 (Reuters) - Almost a year after ECB President Mario Draghi vowed to do whatever it takes to save the euro, a key indicator of euro zone tension is much diminished and economic recovery will likely bring further improvement. Little heard of before the debt crisis exploded, the currency area's Target2 payments ...
-
Shale Gas Could Be UKs New North Sea
Shale gas development in the U.K. could create 74,000 jobs and halve the country's future dependency on gas imports, according to a new report by the Institute of Directors, a U.K. business lobbying group. "Shale gas could be a new North Sea for Britain, creating tens of thousands of jobs, supporting our manufacturers and reducing gas imports," said Corin Taylor, a senior economic ...
-
Afghan students protest womens rights decree
KABUL, Afghanistan (AP) -- Hard-line Islamist students are protesting in the Afghan capital demanding the repeal of a presidential decree for women's rights that they say is ...
-
FTSE edges down in early trading as investors await clues from US
FTSE 100 endured early weakness this morning, having hit 13-year highs in the previous session, as investors trade cautiously awaiting further clues from the ...
-
Turkey tries wealth amnesty to lure back offshore cash with 2pc tax rate
Daren Butler - 22 May 2013 THE Turkish parliament has passed a "wealth amnesty" law designed to lure back funds held abroad by affluent Turks without punitive taxes and ...
-
Europe Needs Big Reforms Bank of Canadas Carney
Europe could face a decade of stagnation unless it makes big reforms and should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's bold moves to bolster growth.In his final speech as Canadian central bank chief before taking over the Bank of England on July 1, Carney said Europe's recessionary economy is being held back by fiscal ...
-
Officials say Benghazi suspects under surveillance
Five men are under round-the-clock U.S. surveillance in Libya, wanted for questioning in the attack last year on the diplomatic mission in Benghazi, ...
Switzerland Featured
-
Switzerland world's most competitive country
Switzerland is frequently pointed to as a model of good governance, prosperity, innovation and stability and is one of the happiest countries in the world. The recent competitive survey by the WEF underscored this, but came with a warning.
Switzerland truly is an impressive country, landlocked and small with no natural resources; it has developed into one of the richest countries in the world and was recently named the most competitive economy in the world. This is due in large part to its banking sector, which is one of the most advanced and its government structure, which is efficient in comparison to many other developed countries. Read more
News from around our Network
