Topic: Europe
Shares in iconic Australian sportswear company Billabong International plunged by almost half Monday after it issued a profit downgrade blamed on the European debt crisis.The surfwear and sports apparel maker, which owns its flagship brand Billabong and others including Von Zipper, Nixon ...
ROME (Reuters) - Mario Monti's government will unveil austerity measures totaling 20-25 billion euros over the next two years on Monday, government sources said, as Italy seeks to shore up public finances but also help growth to head off an acute debt ...
Latvian bank Latvijas Krajbanka will likely be wound up, the government said Friday, after the Russian owner of its defunct Lithuanian parent Snoras was detained amid claims of fraud."The main consideration was whether Snoras bank as the main shareholder was prepared to ...
ATHENS (Reuters) - Greek conservatives set themselves on a collision course with the European Commission on Tuesday, saying they would not bow to "dictates from Brussels" over a bailout designed to save their country from bankruptcy and safeguard the euro.Members of the ...
FRANKFURT (Reuters) - The euro single-currency system could be derailed unless European leaders resolve the debt crisis, a situation that has already prompted Fiat SpA and its affiliate Chrysler Group LLC to examine the timing of vehicle introductions, Fiat's CEO said on ...
FRANKFURT (Reuters) - Fiat chief executive Sergio Marchionne said the euro single currency system could "go off the rails" unless European leaders effectively resolve the current debt crisis.Marchionne, who also runs Chrysler, said markets were showing little confidence in Europe's ability to ...
France will announce a revised growth forecast Wednesday, the government said, as many economists warned it would be unable to meet the previous goal of two percent over the year.Prime Minister Francois Fillon was due to announce a raft of austerity measures ...
Former US Federal Reserve chairman Alan Greenspan said Sunday he believes the financial markets will react negatively to the downgrade of the US credit rating, and will take "a while" to settle."Considering the momentum in which the market went down over the ...
LONDON (Reuters) - The number of millionaires living in Britain has risen by 17 percent over the last two years as the wealthy start to recover from the 2008 credit crisis, a survey revealed on Sunday.Barclays Wealth said there were 619,000 millionaires ...
Britain's economy shrank by a worse-than-expected 0.6 percent in the fourth quarter, official data showed Friday, as harsh wintry weather hampered prospects of a swift recovery.Gross domestic product (GDP) -- the total value of goods and services produced in the economy -- ...
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