A stronger than anticipated OPEC-led commitment to extend production cuts will support prices through 2018, according to analysts at Goldman Sachs. In a research note published late Monday, Goldman lifted its Brent price forecast for next year to $62 a barrel and its WTI projection to $57.50 a barrel. The revisions were up from $58 […]

Currency analysts are predicting a volatile period of trade for sterling as the British government races to agree a crucial Brexit deal ahead of an EU leaders’ summit later this month. The pound continued its slide Tuesday morning on news that a nearly-achieved deal had fallen through over disagreement on the question of the Irish […]

A series of positive factors for the Greek economy are attracting U.S. investors back to the embattled euro zone nation, a government minister told CNBC. “There are many American investors who are interested in participating in projects in Greece, because every clever investor would be interested in an economy that now starts to have positive […]

Apple today reached an agreement with the European Union to begin depositing the €13 billion ($15.4 billion) in back taxes it was ordered to pay Ireland last year, following the landmark decision to crackdown on tax shelter policies and profit offshoring, according to The Wall Street Journal. Despite the ruling having been issued more than […]

The Greek government believes a deal with international creditors on its current debt pile is just around the corner, potentially paving the way for the embattled euro zone economy to finally stand on its own. “I think we will achieve a very, very good result very soon,” Dimitris Tzanakopoulo, the Greek minister of state who […]

Portuguese Finance Minister Mario Centeno has won the race to be the next voice of the 19-country eurozone, a victory that marks a move away from the austerity mantra that has marked the recent crisis-ridden years in the single currency bloc. Centeno, the overwhelming favorite, came out on top after two rounds of voting among […]

Uber’s request to appeal a workers’ rights decision to the UK Supreme Court was rejected, according to drivers’ union Independent Workers Union of Great Britain (IWGB). The decision would mean that the Court of Appeal will have to hear the case first. Two weeks ago, the ride-hailing app submitted a request to appeal directly to […]

Ever since the start of Brexit negotiations, diplomats and political leaders across the European continent have repeatedly insisted that the 27 surviving members must remain united behind EU Brexit negotiator Michel Barnier and his colleagues whenever they sit down across the table from the U.K’s team led by David Davis. That unity has been never […]

European markets are expected to open on a relatively flat note on Tuesday, as investors get to grips with the latest news surrounding Brexit talks, while gearing up for fresh economic data. On the bourses front, the U.K.’s f is expected to open 2 points down at 7,335, while the German DAX is set to […]

Greece is taking precautionary fiscal measures in case the political uncertainty in either Italy or Germany worsens, the country’s economy minister told CNBC on Monday. “We don’t know what’s going to happen in Italy, we don’t know what’s going to happen in Germany yet, so there are significant questions here,” Dimitris Papadimitriou, Greece’s minister of […]