 Plug pulled on Iranian oil exportsIran will stop its oil exports to Europe, Oil Minister Rostam Qasemi said Saturday.
The development comes after the European Union endorsed the measures adopted by the foreign ministers of the... | |
| Euro Drops as Greek Debt Stalemate Increases Crisis Concern Feb. 4 (Bloomberg) -- The euro fell against the yen, dropping from a one-month high, as an unresolved Greek debt-swap agreement with private bondholders added to concern the region’s fiscal... |
| Merkel Boosts Wang’s Political Prospects With Guangdong Trip Wang has gained a reputation as a political and economic reformer during his four years in charge of Guangdong, the province with the largest economy in China that is one of the world’s biggest... |
| European Stocks Post Biggest Weekly Rally of 2012; Xstrata Gains Feb. 4 (Bloomberg) -- European stocks posted the biggest weekly gain this year, sending the Stoxx Europe 600 Index to its highest level in six months, as manufacturing increased globally and the U.S.... |
| Bets on Raw Materials Expanding Fastest Since 2006: Commodities Feb. 3 (Bloomberg) -- Investments in commodities are expanding at the quickest pace in six years on signs of rising economic growth, even as JPMorgan Chase & Co. and Goldman Sachs Group Inc. warn... |
| Quinn Group grounded as chopper sells for just €1m Ireland 's richest man, for more than €1m.The group's eight-seater Agusta AW109E has been sold to British helicopter operator and trainer Castle Air.The chopper was bought as new by... |
| Buyers circle landmark Dublin store as Clerys on the block for estimated €50m Buyers are believed to be circling landmark department store Clerys, where around €30m in bank borrowing fell due on February 1.Several British retail rescue specialists are shopping around in... |
| RBS Condoned Libor Conduct, Sought Scapegoats, Fired Trader Says Feb. 3 (Bloomberg) -- Royal Bank of Scotland Group Plc, which accused a fired Singapore trader of manipulating London interbank offered rates, had condoned such behavior and sought scapegoats in an... |
| Russia’s UN Veto on Syria Gives Assad ‘License to Kill’ Feb. 5 (Bloomberg) -- Failure by the United Nations Security Council to deliver global condemnation of Syria gives President Bashar al-Assad room to continue his deadly 11-month crackdown on... |
| Sauli Niinistoe Favored to Win Finland’s Presidential Election Feb. 5 (Bloomberg) -- Sauli Niinistoe, the candidate of the ruling National Coalition Party, is favored to win today’s Finnish presidential run-off election as the Nordic nation shows its... |
| Half of us now own smart phones HALF of us will own a smartphone before the year is out, sales figures are suggesting.Sales of iPhones, Galaxys, HTCs and Blackberrys went through the roof... |
| Flagship EU gas pipeline project near collapse: analysts (ANKARA) - Europe's flagship project to bolster its energy security by building a major gas pipeline to the Caspian that skirts Russia is near collapse, analysts say, with a newly confident... |
| China snubs debt in European spending spree (BEIJING) - Chinese companies and funds have ramped up investment in crisis-hit Europe, buying utilities, energy firms and even luxury yacht makers, but are steering clear of eurozone debt.Analysts... |
| Moscow concerned over rising U.S., eurozone debts: Putin MOSCOW, Feb. 2 (Xinhua) -- Russia was concerned about rising debts in the U.S. and eurozone, and the problems they created for other major economies, Russian Prime Minister Vladimir Putin said... |
| Chinese Leader Warms To Eurozone Bailout ( EurActiv ) ?? Chinese Prime Minister Wen Jiabao says Beijing is considering greater involvement in the eurozone??s rescue funds, the temporary European Financial Stability Facility (EFSF) and the... |
| Rosneft Fourth-Quarter Net $2.99 Billion, Beating Estimates Feb. 3 (Bloomberg) -- OAO Rosneft, Russia’s largest oil producer, increased net income 7.7 percent in the fourth quarter from the previous three months, beating... |
| Euro zone loses patience with Greece 11:39pm GMT By BRUSSELS (Reuters) - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would... |
| Crude Oil Prices: Traders and Investors Turn To The Dollar and Euro (USO, DBO, COP, Sara Nunnally: There are a host of factors affecting crude oil prices. Lately, though, it boils down to the value of the dollar. The way things are going? that??s not good news.(...)Read the rest... |
| The Euro Zone and the Crisis of Sovereign Debt The creation of the euro zone may have given participants one currency, but it created other problems as well. One interest rate was supposed to fit all. Those sovereigns on the financial periphery... |
| Greek Bailout Hangs on ‘Razor’s Edge’ as Reforms, Cuts Sought Feb. 5 (Bloomberg) -- Greece’s efforts to win a second bailout from international creditors teetered in the balance as negotiations in Athens failed to clinch an... |
| Hamish McRae: We can survive a eurozone slowdown, but only if the Chancellor gets radical One of the country's most respected financial journalists and commentators Hamish McRae is an associate editor of The Independent. He was named Business and Finance Journalist of the Year 2006... |
| Eurogroup's Juncker Warns of Possible Greek Default The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on... |
| Hungary seeks 15-20 billion euro IMF/EU credit line: official Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday... |
| Russia, China Veto UN Security Council Resolution on Syria Feb. 4 (Bloomberg) -- Russia and China vetoed a United Nations Security Council resolution that backed an Arab League plan to "facilitate" a political transition in... |
| Greedy Matron Frolics, Cavalier Swaggers, Mozart: London Stage Topping the list of cheer-uppers in London is a new National Theatre production of "She Stoops to Conquer," Oliver Goldsmith’s mistaken-identity romp of 1773. Sophie Thompson, playing... |
| Italy Crippled by Winter Storm With Snow as Far South as Naples Feb. 4 (Bloomberg) -- A winter storm battered much of Italy, bringing arctic temperatures to the north and snow as far south as Naples, disrupting transport and commerce across the... |
| Ex-Credit Suisse CDO Chief Surprised Charges, His Lawyer Says Feb. 3 (Bloomberg) -- Kareem Serageldin, the ex-global head of Credit Suisse Group AG’s CDO business charged in a bonus- boosting fraud tied to a $5.35 billion trading book, was surprised by... |
| 24 hours to clinch Greek bankruptcy-saving deal: minister (ATHENS) - Greece has one day left to clinch a eurozone bailout and a bond swap with creditors to manage its crushing debt repayments, the finance minister said Saturday, warning that talks were... |
| Iran on Saturday called on the European Union to review its decision on sanctioning TEHRAN, Feb. 4 (Xinhua) -- Iran's Oil Minister Rostam Qasemi on Saturday called on the EU states to review their decision on the oil embargo on Iran. He made the remarks referring to the recent... |
| Spain Coaxes Banks to Merge, Purge Losses Feb. 3 (Bloomberg) -- Spain’s new government gave banks an extra year to recognize losses if they agree to merge, as it tries to overhaul the financial industry crippled by the collapse of the... |
| Hungary’s Malev Folds Amid Euro Crisis Feb. 3 (Bloomberg) -- Malev Zrt., the state-owned Hungarian airline founded in 1946, ceased flying after the government withdrew financing, becoming the second victim of European austerity measures... |
| Volvo Holds Steady Course as Earnings Rise Feb. 3 (Bloomberg) -- Volvo AB, the world’s second-largest truckmaker, stuck to its estimates for the North American and European heavy-vehicle markets this year as sales growth helped... |
| Russia, China Vetoes UN Security Council Resolution on Syria Feb. 4 (Bloomberg) -- Russia and China vetoed a United Nations Security Council draft resolution that backed an Arab League plan to "facilitate" a political transition in... |
| Putin, Opponents Gather 175,000 in Subzero Weather as Vote Nears A pro-government rally held near a World War II memorial park mustered 138,000 people, Moscow police said. Opponents of the Russian leader say they gathered at least 120,000 in subzero temperatures... |
| Venizelos Says Greece on Razor’s Edge as Second Bailout at Stake Feb. 4 (Bloomberg) -- Greece’s seven-month effort to win a second bailout from international creditors teetered in the balance as negotiations in Athens failed to clinch an... |
| Euro zone crisis: Monti says Italy a 'safe place' Premier Mario Monti said in an interview published on Saturday, pressing for Europe to turn its political energy to generating growth rather than further plans to strengthen budget... |
| Jelavic targeting Euro football Everton signing Nikica Jelavic believes his new club could qualify for Europe this season. Everton signing Nikica Jelavic believes his new club could qualify for Europe this season.The Merseyside... |
| Greek debt negotiations 'on a knife edge': finance minister (ATHENS) - Negotiations with the EU and the IMF on a critical new bailout for Greece were "on a knife edge," the Greek finance minister said on Saturday, adding that the marathon talks had... |
| Italian PM says euro crisis nearing end, has raised tensions (MUNICH) - Italian Prime Minister Mario Monti said on Saturday the eurozone crisis had reopened old European wounds and tensions, although he saw a light at the end of the tunnel of the financial... |
| EU foreign policy chief seeks Brazilian support on Syria (BRASILIA) - EU foreign affairs chief Catherine Ashton urged Brazil to support a draft UN resolution condemning the violence in Syria, casting it as a choice between the people or Bashar... |
| Greece says bank recapitalization agreed, but issues remain ATHENS (Reuters) – Greece has agreed with euro zone partners on how to recapitalize Greek banks after a planned bond swap, but has yet to resolve issues related to labor reform and spending... |
| Reed: Gerrard must lead England at Euro 2012 They couldn't wait to swing the axe. The canvassing of board members was swift and decisive. As a result England will need a new captain to lead it into battle at Euro 2012. Capello will... |
| Higuain targeting Euro glory Real Madrid striker Gonzalo Higuain has told his agent he will not leave the Spanish giants until he wins the Champions League. Real Madrid striker Gonzalo Higuain has told his agent he will not... |
