Europe

[Marriner S. Eccles Federal Reserve Board Building]

Groundhog Day in December: World Awaits Fed, Again

It is like a scene from the Bill Murray movie, Groundhog Day. Every month, the same thing happens:...

Ireland Unveils Post-Bailout Debt Plan

After becoming the first euro zone economy to successfully finish its bailout, Ireland today revealed its debt-cutting fiscal...

[French map in shape of France]

France Nears Recession

Markit’s French PMI estimate for December fell to 47 (below 50 signals contraction).

[Italian Flag]

Fiat Seeks to Spend $12 Billion to Build Italian-Made Luxury Cars

Fiat SpA (F) plans to invest as much as 9 billion euros ($12.3 billion) on new models to...

[European Central Bank]

European Central Bank Unsure How to Proceed

According to European Central Bank (ECB) President Mario Draghi, the bank is now ready to begin fresh action...

bank sign

$2.3 Billion in Fines for Euro-Rate Rigging

The European Commission (EC) handed down its largest fines ever, totaling $2.3 billion, for interest rate rigging.

Cookie production in a factory

Factory Prices Down in the Euro Zone

Factory prices fell by 0.5% from September to October and by 1.4% year-to-year in the 17-country euro zone.

[European Central Bank]

Euro Hits High Marks against Yen, Dollar

Germany's two major political parties have formed a grand coalition deal, boosting the euro to its best position...

Norway’s $800 Billion Question Is Exactly Like Yours

Norway’s sovereign wealth fund has grown to $800 billion and, according to the country’s central bank Governor Oeystein...

Bayer to Acquire Partner, Algeta

German drug-maker Bayer AG is negotiating to buy out partner, Algeta SA.