European shares are seen opening mixed Friday morning as investors pause for breath after a stellar rally in the previous session fueled by the European Central Bank (ECB). The FTSE 100 is seen 13 points lower at 7,770; the DAX in Germany is expected to open up by 15 points at 13,143; and the French […]

Greece’s parliament on Thursday passed a fast-track reform package to unlock bailout funds and wrap up a fourth and final review of its loan programme as it seeks more debt relief from its official creditors next week. Greece is due to exit its latest bailout programme in August and will then have to rely on […]

The euro fell sharply after the European Central Bank (ECB) outlined its exit from quantitative easing (QE), but also claimed interest rates won’t likely budge for more than a year. Sitting at around 1.1818 versus the dollar before the announcement, the euro fell to 1.1681 during Draghi’s subsequent press conference, shipping around 0.9 percent in […]

The European Central Bank (ECB) outlined plans to end its massive stimulus program by the end of this year, but keep interest rates steady until next summer. The bank said Thursday that if incoming data followed its forecasts, then its monthly bond purchase program would be extended through to the final quarter of the year, […]

Commercial Aircraft Corp of China (COMAC) aims to obtain type certification from China for its narrowbody C919 jet by the end of 2020, putting the state planemaker on track to meet its 2021 goal of delivering the first jet to its launch customer, a senior company executive said on Thursday. China’s domestically developed C919 jet […]

Russia’s government has proposed raising value-added tax (VAT) to 20 percent from 18 percent, starting from 2019, Prime Minister Dmitry Medvedev said Thursday. Medvedev said the so-called “tax maneuver,” which envisages a gradual increase in the mineral extraction tax (MET) and a cut in export duties on oil and refined products, was on track to […]

Italy’s agriculture minister suggested the country will not ratify a free trade agreement between the EU and Canada, saying that it doesn’t do enough to protect the nation’s specialty products. “We will not ratify the free-trade treaty with Canada because it protects only a small part of our PDO (Protected Designation of Origin) and PGI […]

Britain’s Rolls-Royce said it would cut 4,600 jobs primarily in the UK as part of a plan to simplify its business and save 400 million pounds ($536 million) a year by the end of 2020. The engineering company said the job cuts and overhaul of its business would cost it 500 million pounds and be […]

European stocks are seen lower Thursday morning as traders watch developments from central banks across the world. The FTSE 100 is seen off by 33 points at 7,672; the DAX is seen down by 45 points at 12,852 and the CAC 40 in Paris is expected to start lower by 20 points at 5,439; according […]

Russian President Vladimir Putin will be hoping that the World Cup, which starts on Thursday and puts his country in the international spotlight, will bring an economic boost – but experts are downbeat about any long-term benefit. Russia will host the largest event on the footballing calendar from June 14 to July 15, with the […]