The European Central Bank raised interest rates a quarter of a percentage point to 1.5% on Thursday, in an effort to curb inflationary pressures threatening buying power in the common currency region.
German carmakers posted a leap in monthly sales for June on Thursday, as demand in home markets continued to pick up and sales surged in emerging economies. A car industry group said
The euro steadied on Thursday with a widely expected rate hike from the European Central Bank later being offset by a spreading sovereign debt crisis, while China's bank stocks bounced on hopes
Aer Lingus's booked passenger numbers fell 1.7% in June year-on-year as uncertainty over the threat of industrial action by pilots hit reservations, the Irish carrier said on Thursday. Aer Lingus said its
Concern about the pace of economic recovery looks set to persuade the Bank of England to keep interest rates at rock-bottom not just this week but for months to come. UK interest
After weeks of impasse, President Barack Obama and top congressional leaders are aiming for "something big" as they resume budget talks on Thursday to avert an imminent default. With Republicans showing new
New IMF Managing Director Christine Lagarde pledged on Wednesday to push ahead with reforms to give fast-growing emerging markets greater sway at the global lender. At a news conference on her second day
U.S. stocks fell slightly on Wednesday after Moody's downgrade of Portugal's credit rating to "junk" and China's interest rate rise sparked jitters about global growth prospects. The downgrading of Portugal's credit rating
Germany has put a Greek bond swap back on the table as a model for private sector involvement in fresh aid for Athens, Deputy Finance Minister Joerg Asmussen told Reuters Insider TV
It is hard to feel too sorry for the gold jewelers of Santorini. Times may be hard, but they do live in one of the most beautiful places on Earth. The collapse
