Saturday, November 22, 2014
European Central Bank (ECB) head Mario Draghi says the eurozone's chief monetary authority is willing to “step up the pressure” and increase its efforts to stimulate the struggling economy.
Thursday, November 20, 2014
As Switzerland prepares to vote this month on whether to force the country's central bank to increase its gold reserves, economists warn a “Yes” vote could wreak havoc in financial markets.
Wednesday, November 19, 2014
If your favorite bottle of Mediterranean olive oil starts costing more, blame unseasonable European weather — and tiny insects.
Tuesday, November 18, 2014
The smell of money hangs thick in the air as black crude oil bubbles up from what is billed as the world's oldest oil well, but this is not Texas or Saudi Arabia.
Saturday, November 15, 2014
The economic clouds over Europe appeared to lift slightly in the third quarter as its two biggest economies both narrowly escaped a new recession, official data showed on Friday.
Thursday, November 13, 2014
The recent Europe-wide health check on banks is producing results for Italy, whose top two lenders on Tuesday posted a strong rise in quarterly profits after cleaning up their finances in anticipation of the test.
The EU's top court ruled Tuesday that member states do not have to pay welfare to EU citizens coming solely to claim benefits, offering some welcome relief to governments under fire from anti-EU parties on immigration.
Wednesday, November 12, 2014
With the Russian ruble in a nosedive under the pressure of Western sanctions and slumping oil prices, the country's central bank decided Monday to freely float the currency in markets and stop regularly spending billions in a vain attempt to stem its fall.
Monday, November 10, 2014
“Norway” and “cheap” are two words that rarely go together, yet this oil-rich Scandinavian country is where Europe's third-largest budget airline first spread its wings.
Saturday, November 8, 2014
Germany plans an additional 10 billion euros (US$12 billion) in public investment by 2018, its finance minister said Thursday, amid calls by some EU partners to do more to help the eurozone economy.