Europe Business News

While Bernanke is ultimately expected to be reconfirmed, the hearing may influence the Fed's future role in an overhauled financial system.

The property website Rightmove saw its shares slump by more than 10 per cent last night, closing at its lowest level since the summer as traders sold on fears of competition from Google. The stock fell by 57.6p to 499.9p...

Britain's banks to the tune of £850 billion – more than £14,000 for every citizen in the UK – new figures reveal today. • Halifax Bank of Scotland headquarters on The Mound, Edinburgh. Picture: Jane Barlow The level of taxpayers'...

Banks bailout to cost taxpayer £131bn Financial advisers to Treasury – including Credit Suisse – to pocket £107m in fees, National Audit Office report finds A Happy Christmas for Credit Suisse. The Swiss banker is in line to make £15.4m...

Kraft Foods will post its offer document to Cadbury Plc shareholders on Friday, triggering a two-month 9.8 billion pound ($16.4 billion) takeover fight, sources with knowledge of the situation said on Thursday. The American food giant has until December 7...

Siemens's chief executive officer Peter Löscher says the company is looking to Asia and other emerging economies as prospects for growth there are strongest, after the worst recession to hit the world in 80 years. "We are innovating products within...

The budget deficit hit a record $1.4 trillion in fiscal 2009 that ended September 30 and is forecast to be in the same range next year, fostering doubt in global markets about the dollar's value because of huge U.S. borrowing...

The fashion retailer New Look further paved the way for its flotation next year by appointing John Gildersleeve as its new chairman. Mr Gildersleeve, who is currently non-executive chairman at the mobile phone retailer Carphone Warehouse, will join the 1,000-store...

Professor Elizabeth Warren of Harvard Law School, details information on how poverty edges its way upward from the underclass citizens to middle class Americans...According to the latest revelations, 20 percent of Americans are unemployed, underemployed or just out of work,...

European Central Bank President Jean-Claude Trichet on Thursday said the interest rate on the upcoming 12-month long-term refinancing operation on Dec...Trichet said the central bank was prepared to begin gradually phasing out special liquidity measures that are no longer needed...