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Moody’s cuts some Spanish banks ratings March 24, 2011 Moody’s has downgraded the credit rating of 30 Spanish banks due to the country’s sovereign debt and declining market share of smaller banks from mergers.   Economists estimate ...

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Lactalis and Ferrero 'discuss ... March 24, 2011 Faced with Italian government moves to block any takeover of Parmalat, Italy’s biggest listed food group, the French diary giant Lactalis is reportedly talking to another Italian food producer, ...

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Euro zone services recovery continues March 24, 2011 The recovery in the euro zone’s dominant service sector picked up slightly this month according to the latest Markit Eurozone surveys of purchasing managers at companies in the ...

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Italy 'moving on anti-takeover ... March 24, 2011 The Italian government is reportedly going to move to block foreign takeovers of what it considers to be “strategic” Italian companies.   The restrictions are backed by the ...

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RIM puts PlayBook into tablet fray March 24, 2011 Just before posting its results for the last financial year, Canada’s Research In Motion’s announced that its PlayBook tablet computer will go on sale in the US on 19 April.   ...

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Egyptian shares tumble as bourse reopens March 24, 2011 Shares on Egypt’s stock exchange plunged as the market reopened on Wednesday. It had been shut for seven weeks because of the mass protests that ousted former President Hosni ...

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Kazakhstan hits UniCredit profit March 24, 2011 Italy’s biggest bank, UniCredit, has posted a much bigger-than-expected fall in net profit for last year – down 22 percent.   However much of that was due to losses from its ...

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Eastern promise on growth for Inditex March 24, 2011 Inditex, the world’s largest clothing retailer, enjoyed a jump in annual net profit of 32 percent to 1.73 billion euros.   The owner of the Zara chain credited an aggressive ...

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Sanofi-Aventis ends tie-up with Merck March 23, 2011 Sanofi-Aventis and Merck say regulatory pressure has forced them to abandon their plans for a joint animal health venture.  The French and US drugmakers’ wanted to combine their ...

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Britain’s inflation goes up ahead of budget March 23, 2011 UK inflation rose to a 28-month high of 4.4 percent last month, raising speculation that the Bank of England will not wait much longer to raise interest rates.  Government ...

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Counting the cost of Japan’s disasters March 23, 2011 With the scale of Japan’s destructive earthquake and tsunami becoming more apparent insurers have begun their calculations.   Although many of the worst hit areas are barely ...

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Lactalis lifts stake in Parmalat March 23, 2011 The French dairy group, Lactalis, has strengthened its grip on Parmalat by raising its stake in the Italian firm.   Europe’s largest dairy goods company is buying 15.3 percent of ...

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Japanese shares bounce back as market recovers March 23, 2011 Japan’s Nikkei has moved up four percent as concerns eas over the impact of the country’s triple disaster.  Traders in Tokyo returned from a national holiday to recoup some of last ...

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Bumper dividend from German truckmaker MAN March 21, 2011 MAN is handing its shareholders a much higher than expected dividend totalling 84 million euros. The German lorry maker also confirmed it was seeking closer ties with Swedish rival ...

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ECB drops more hints on rate rise March 21, 2011 The European Central Bank is ready to take decisive and timely action to guard against the risks of inflation rising further. So says ECB policymaker Yves Mersch, head of Luxembourg’s central ...

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Austerity vote could topple Portugal’s govt March 21, 2011 Portugal’s main opposition party, the Social Democrats, have again refused to back the country’s latest austerity plan.   That makes it more likely the minority government of ...

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Still a long way from business as usual in Japan March 21, 2011 With more than one week having passed since Japan’s devastating earthquake and tsunami the country’s carmakers and technology firms have been struggling to resume production.   In ...

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European markets at close: 21.03.11 March 21, 2011 A roundup of the days markets data from euronews.net, brought to you as video on demand.Copyright © 2011 euronews Tags: Business, Economy, European markets

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Deutsche Telekom dials up a deal for T-Mobile March 21, 2011 Deutsche Telekom seems to have dialled up a good deal with an agreement to sell its US mobile phone division T-Mobile for the equivalent of 27.5 billion euros. That money will be used to buy back ...

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Business Weekly: world markets reactions on ... March 20, 2011 In this edition of Business Weekly, we look at how world markets have been affected by the devastating earthquake in Japan, and also by the continued popular unrest in Bahrain.   ...