World stocks hold firm; yen slips from highs

World stocks edged higher while the dollar steadied on Tuesday as BNP Paribas' move to pay back state financial support and growing corporate takeover activity bolstered confidence about economic recovery. The yen

The European Union’s View on the Shipping Crisis

Mr. Zoltán Kazatsay, Deputy Director General of European Commission Directorate-General for Energy and Transport, attended the Maritime Cyprus 2009 Conference that is currently taking place in Limassol. The conference is organised by

EU insurance capital rules likely to be eased

Draft European Union solvency rules that could push Britain's insurers into a 50 billion pound ($80 billion) capital raising are likely to be watered down, eliminating a drag on the sector's shares.

Abbott, Johnson & Johnson bulk up in Europe

U.S. healthcare companies Abbott Laboratories (ABT.N)(ABT.F) and Johnson & Johnson (JNJ.N) announced deals worth almost 5 billion euros ($7.3 billion) with European rivals on Monday aimed at securing vaccines and other products

Wall Street to open higher with M&A boost

U.S. stocks were set for a higher open on Monday as more merger and acquisition activity and the last days of the third quarter encouraged investors following three sessions of losses. Xerox

G20 seeks balanced growth

G20 leaders promised last week to rebalance world growth, and upcoming data will show that it is already happening, although not for the reasons they want. While the world's economic leaders would

Germany’s Merkel says committed to tax cuts

German Chancellor Angela Merkel, whose conservatives on Sunday won enough votes to form a coalition with the pro-business Free Democrats, said on Monday she was committed to cutting tax but refused to