Europe Business News

U.S. markets tipped lower Friday morning after a week of shaky economic data. The Federal Home Loan Mortgage Corp. said interest rates for fixed-rate loans were at record lows this week, but the Mortgage Bankers Association countered with data showing...

ECB President Jean-Claude Trichet said some fiscal stimulus measures were no longer needed to the same extent. He said any measures that pose "a threat to the achievement of price stability must be undone promptly and unequivocally". The eurozone region...

Mr Kheraj, 45, will discuss potential roles with JP Morgan but may decide to depart once he has integrated Britain’s leading corporate broker with JP Morgan. JP Morgan Cazenove yesterday underlined its reputation for understanding the market, saying it had...

The German giant said in a statement that its supervisory board had approved on Thursday contracts determining details of the two firm's complex tie-up...The approvals are expected to draw a line under a fierce power struggle between the two automakers...

Gartmore yesterday raised hopes of a new year flotation boom, as the fund manager said it planned to list its shares on the London Stock Exchange next month. The company, set to be valued at £1bn or more, is expected...

Britain's biggest retailer, will initially focus on its most loyal shoppers as it seeks to build its new banking business. The supermarket group, on the second day of presentations to investors about its ambition to expand into retail banking services,...

EU regulators on Thursday ordered US aluminium giant Alcoa to repay Italy for state aid received since 2006 in the form of subsidised electricity prices for two smelters. The European Commission did not detail the amount to be returned. "...

Nationwide Building Society says interest rates could remain at a record low until at least the final quarter of next year as the slow recovery continues to drag down the economy...Nationwide, the UK's third-biggest mortgage lender, revealed that its own...

Seen by many as an effort by Papandreou to link Greece�s economic problems to wider issues of graft, bureaucracy and a lack of transparency in the public sector, the premier said that he wanted to begin discussions on ways to...

During the current year, Armenia has not undergone drastic changes in the lists of rating agencies Moody's and Fitch, said the Minister of Finance Tigran Davtyan. Speaking in the parliament of the discussions on the draft budget for 2010, the...