Nov 30, 2012 4:55 PM ET
U.S. dollar inched lower and the euro gained as political rhetoric in Washington ratchet up. Lawmakers show no sign of compromise as the budget negotiation deadline looms. Oil gained and commodities prices edged higher on a cautiously optimistic outlook about economic growth in China.
Nov 30, 2012 10:13 AM ET
The euro area jobless rate rose and German retail sales fell in October. Annual inflation in the euro zone eased and UK consumer sentiment soared to an 18-month high in November. Osram plans to reduce 4,700 jobs by 2014.
Nov 30, 2012 9:15 AM ET
Ferrovial declared a dividend of 1 euro gross per share. Royal Bank of Scotland canceled its agreement to sell its Indian Retail & Commercial banking operations to HSBC.
Nov 29, 2012 9:19 AM ET
The sentiment across the euro zone improved after falling for eight months in a row. Italy raised €6 billion in bond auction today at lower borrowing costs. German unemployment rate remained unchanged in November.
Nov 29, 2012 8:55 AM ET
Ahold to increase its existing cost savings program from €350 million to €600 million. Norsk Hydro estimates world aluminum demand outside China to grow 2% in 2012 Siemens agreed to acquire Invensys Rail for approximately €2.2 billion.
Nov 28, 2012 6:27 PM ET
U.S. indexes rebounded from early losses of 1% and managed to close up 0.8% after President Obama and Speaker Boehner sounded optimistic on the budget compromise. BP plc was banned from U.S. federal contract temporarily and may be forced to settle $20 billion civil litigation.
Nov 28, 2012 9:28 AM ET
The European Commission approved restructuring plans of four Spanish banks. Italy raised €7.5 billion in bond sale at lower yields. Euro zone broad monetary aggregate M3 rose and Spanish retail sales fell in October.
Nov 28, 2012 9:17 AM ET
BP agreed to sell package of central North Sea assets to Taqa for $1.1 billion. Smith & Nephew agreed to acquire Healthpoint Biotherapeutics for $782 million. Swiss Life estimates net profit in double-digit millions and Thomas Cook loss widens for the full year.
Nov 27, 2012 4:40 PM ET
Market indexes on Wall Street declined as lawmakers showed little progress in settling difference to avoid the so called fiscal cliff. European ministers and lenders agreed to cur Greek debt and offer cheaper and interest free loans as a part of a bailout.
Nov 27, 2012 9:23 AM ET
European markets traded at a 3-year high after ministers agreed to release next tranche of bailout to Greece and lower projected debt by 2022. The political will to forgo Greek debt lifted the euro. The O.EC.D lowered its economic outlook across 34 member nations.