A "shimmering" Paul Cezanne painting of the Mediterranean with a castle in the background is expected to attract the big-money buyers at a February auction that includes works by Modigliani, Giacometti and Picasso, Christie's said on Wednesday.
Tags: Europe
Global shares, oil and ruble rally into Christmas period
World share markets extended their 'Santa rally' into a fourth day on Monday, as a recovery in beaten-down oil prices and the ruble and more calls for quantitative easing from the ECB helped lift sentiment.
Fear factor fades as global M&A hits seven-year high
Chief executives got their deal-making confidence back in 2014, emboldened by a clearer outlook for their businesses to take the global value for mergers and acquisitions (M&A) to their highest annual level since 2007.
Russia growls across the border as Lithuania readies for euro
Geopolitics plague Lithuanians at this frozen Russian border post, where a return trip by car can mean 48 hours of queuing. It is a reminder for some of why the former Soviet republic will cement its move to the West by joining the euro zone next month.
Obama says Putin presiding over economic contraction: CNN interview
U.S. president Barack Obama has rejected the charge that he has been outmaneuvered by Russian president Vladimir Putin, saying in a TV interview due for broadcast later on Sunday that Putin was presiding over "a huge economic contraction" due to the Ukraine crisis.
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The U.S. dollar hit its highest level against major currencies in over 8-1/2 years on Friday on diverging monetary policy between the Federal Reserve and other major central banks, and bullish dollar positions heading into the end of the year.
Two of Europe's top three remaining telecommunications equipment companies, Nokia Networks (NOK1V.HE) and Alcatel-Lucent (ALUA.PA), have revived talks on a possible merger, Germany's Manager Magazin reported on Thursday, citing company sources.
The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis.
Federal Reserve officials will decide this week whether to make a critical change to their policy statement that would widen the door for interest rate hikes next year and effectively bet the United States will continue to shine in a gloomy global economy.
Chinese financial firms are targeting purchases of distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets.
Europe's antitrust chief will meet Google's critics in the coming weeks in an effort to resolve issues in a four-year investigation which has stirred up politicians and lawmakers on both sides of the Atlantic.
Asian stocks fell on Thursday as falling oil prices added to global growth concerns, while the dollar saw a bit of a respite against the yen and euro after successive sharp losses.
Global demand for OPEC crude in 2015 is expected to fall to the lowest level in more than a decade and far below current output, the group said on Wednesday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown in the U.S. shale boom.
Ukraine expects Russia to resume supplies of gas from Monday after Kiev transferred a pre-payment of $378 million to Gazprom, its energy minister said on Sunday.
