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Europe
08.10.2012
The eurozone on Monday inaugurated its permanent bailout fund, the European Stability Mechanism (ESM), in the hope that it will help alleviate the financial crisis that has hounded the common currency area for more than two years. Brussels (dpa) -
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Spain
11.10.2012
Rating agency Standard & Poor‘s slashed the creditworthiness of Spain‘s debt late Wednesday, dropping its rating for government bonds by two notches from BBB+ to BBB- with a negative outlook suggesting the likelihood of future downgrades. London
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Europe
19.10.2012
Rosneft would become the world's biggest publicly traded oil company if it is successful in its bid to buy a 50 per cent stake in TNK-BP. The state-owned Russian oil company is reported to have offered British Petroleum 28 billion dollars to acquire
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Russia
22.10.2012
TNK-BP confirmed Monday that it is in advanced talks with Russian state-backed firm Rosneft over the sale of its 50-per-cent share in Russian joint venture TNK-BP. London (dpa) - A statement released by BP in London said that the talks were
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Sweden
26.10.2012
Ericsson‘s net profit declined 42 per cent in the third quarter, the Swedish telecommunication equipment maker said Friday, citing weaker sales in its Networks business. Stockholm (dpa) - Net profit was 2.2 billion kronor (327 million dollars),
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Europe
30.01.2013
Amsterdam (dpa) - A court in The Hague on Wednesday held British-Dutch oil giant Shell responsible for pollution in Nigeria, even though criminals had caused the oil spill.Shell will have to pay damages to a Nigerian farmer, as it did not do enough
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Europe
30.01.2013
Rome (dpa) - Italian automaker Fiat on Wednesday opened a new plant for the manufacture of Maserati sport cars near its headquarters in Turin as it posted bigger profits for 2012 despite continuing to lose money in Europe.Over the course of 2012, the
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Europe
30.01.2013
Athens/Nicosia (dpa) - Cypriot President Dimitris Christofias on Wednesday said Russia is prepared, in cooperation with the European Union, to help with a rescue bailout for the island-nation.Christofias said his Russian counterpart Vladimir Putin
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Europe
30.01.2013
Brussels (dpa) - The European Union has formally rejected attempts by US package delivery giant UPS to take over Dutch-based rival TNT Express, the bloc‘s executive announced Wednesday, arguing that the resulting company would stifle
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