Europe

EU blocks Hungary's 12 billion euro nuclear deal with Russia: FT

The European Union has backed Euratom's decision to block Hungary's 12 billion euro nuclear deal with Russia, a move that could worsen the situation between the Kremlin and Brussels, the Financial Times reported.


EU energy chief: still no confirmed date for Ukraine-Russia gas talks

The European Union has yet to receive confirmation that Ukraine and Russia will meet on March 20 to discuss gas supplies, the bloc's Energy Commissioner Maros Sefcovic said on Friday.

IEA sees renewed pressure on oil prices as glut worsens

Oil prices might have stabilized only temporarily because the global oil glut is worsening and U.S. production shows no sign of slowing, the International Energy Agency said on Friday.

Europe holds onto gains from 'game-changing' week

European equities were set for a sixth straight week of gains on Friday, fuelled by a dramatic slide in the euro on the back of the European Central Bank's bond-buying plan that has kept euro zone yields near record lows.


Latest News

The world's largest watchmaker unveiled its riposte to Apple Inc's smartwatch on Thursday, announcing a plan to put cheap programmable chips in watches that will let wearers from China to Chicago make payments with a swipe of the wrist.
Airbus Helicopters (AIR.PA) is in the final stages of talks that could land it a contract worth at least $3 billion for the development and production of military and civil helicopters in South Korea, French media said on Wednesday.
Swiss company Holcim (HOLN.VX) and French cement group Lafarge (LAFP.PA) are in talks to renegotiate the terms of their 41 billion euro merger after a divergence in the value of the two companies over the past year, the Financial Times reported.
Credit Suisse (CSGN.VX) is bringing in Tidjane Thiam, the head of British insurer Prudential (PRU.L), as its new chief executive to help drive the Swiss bank's push into wealth management in emerging markets.
EU finance ministers agreed the details of a 315 billion euro ($338 billion) investment plan on Tuesday to help revive the European economy without piling up more debt, and now aim to get the first projects going by the end of the year.
Swiss company Holcim (HOLN.VX) came under pressure on Monday to secure improved terms for its shareholders in a planned merger with France's Lafarge (LAFP.PA) that would create the world's largest cement maker.
Warning Greece it had "no time to lose", euro zone ministers agreed technical talks between finance experts from Athens and its international creditors would start on Wednesday with the aim of unlocking further funding.
Brent crude oil fell toward $59 a barrel on Monday as the dollar strengthened and a supply glut pushed global oil inventories to record highs.
Stocks fell and the dollar held firm on Monday in the wake of forecast-beating U.S. jobs numbers that stoked expectations the Federal Reserve could raise interest rates sooner than previously thought.
The Swiss National Bank, battling a rise in the country's currency, could push interest rates further into negative territory if the franc moves in the "wrong direction", a Swiss newspaper reported on Sunday, citing sources close to the bank.
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