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European stocks end higher
LONDON: German shares recovered lost ground Wednesday to close higher as U.S. markets headed up and Credit Suisse Group and Deutsche Telekom gained.
European markets close higherEuropean markets close higher
LONDON: With oil prices touching five-month lows, the auto sector combined with MA to power European markets to a higher finish Friday.
German economy first and biggest test for Merkel
BERLIN (Reuters) - Angela Merkel will become Germany's first woman chancellor on Tuesday with the broadest parliamentary mandate in decades to pursue overdue economic reforms, but already under widespread attack for her plans.
Setting an inflation target
Capital Talk: A comment by Tan Teng Boo, CEO, Capital Dynamics Sdn Bhd. He writes: BEN Bernanke, the incoming chairman of the US Federal Reserve, has openly said he favours inflation targeting. The outgoing chairman is opposed to conducting monetary policy in this manner.
European markets down in trading, US closed for Thanksgiving
FRANKFURT, Germany: Stock markets fell across Europe Thursday as business confidence in Germany - Europe's largest economy - fell for the first time since the autumn.
Euro-zone inflation drops for second month to 2.4 percent for November
Inflation in the 12 countries using the euro fell slightly for a second month to 2.4 percent in November, the EU statistical agency Eurostat said in its first estimate released Wednesday.
European stocks end lower
LONDON: European shares closed lower Wednesday, with miners and banks among the decliners.
ECB likely to raise interest rate to 2.25%
FRANKFURT, Germany: The European Central Bank is poised to adjust the euro zone's interest rate Thursday for the first time in more than two years, likely voting for an increase to head off what it said were fears of inflation down the road.
European stocks advance to 2005 high
LONDON: European shares advanced to a 2005 high Thursday after the first interest-rate hike on the Continent in five years, as markets interpreted comments from European Central Bank Jean-Claude Trichet to mean that there would only be a limited number of subsequent rate hikes and as energy sector and MA moves offered support.
Greenspan farewell, trade and economy dominate G7
LONDON (Reuters) - Finance ministers from the world's richest nations headed for London on Friday to discuss free trade and the world economy as well as say farewell to Alan Greenspan, who soon bows out after 18 years as U.S. central bank chief.
