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Economy

No crude freeze deal, what does it mean for the oil industry?

After OPEC and non-OPEC producers failed to reach a deal to freeze oil output euronews got analysis from Spencer Welch, a director with IHS Energy in London.

Economy

Takata airbag recall costs could total 21 billion euros

Japan's Takata could face a bill of 21 billion euros for a recall of all of its potentially faulty airbag inflators.

Business Series

Former Porsche boss cleared of market manipulation in VW takeover attempt

Porsche's former chief executive Wendelin Wiedeking has been acquitted of alleged stock market manipulation, over its attempt to take control of Volkswagen in 2008.

Business Series

LSE and Deutsche Boerse go to the altar again but NY may steal the bride

European traders are wondering if it will be third time lucky after previous failed attempts, but the London and Frankfurt stock exchanges have again

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Business Series

Zara owner Inditex to slow shop openings in online sales move

Inditex, the owner of brands Zara, Massimo Dutti and Bershka, is to slow the pace of new shop openings as it moves more towards online sales.

Economy

OPEC oil output cut very unlikely at June meeting, Iran's situation unclear

OPEC is very unlikely to cut oil output at its next meeting in June, even if crude prices remain extremely low, according to OPEC sources and delegates

Business Series

Commodity markets rout slams miner Glencore's profit

2015 was a grim year for mining company and commodity trader Glencore with profit down by almost a third as prices for copper, nickel, zinc, iron-ore and coal slumped to multi-year lows.

Economy

European shares tumble with banks the main focus of concern

European shares closed at their lowest level in more than two years on Monday with investors concerned over the region's banks and slowing global growth.

Economy

Economists sceptical as Bank of Japan surprises with negative interest rates

The Bank of Japan tries to overcome deflation and stimulate the economy by forcing banks to pay interest on money they have on deposit with the central bank.

Economy

Shell announces profit slump ahead of BG takeover vote

Royal Dutch Shell says it expects to report a near halving in profits in the last three months of 2015 following the further slide in oil prices. It release the information to shareholders who are due

Economy

Shares slump as oil prices tumble to new lows

Oil prices at new lows have hit the world's stock markets. A share sell off has investors braced for one of the worst monthly performances ever in January.

Business Series

Volkswagen's market share declines for the first time in eight years

Another blow for Volkswagen. The German carmaker has seen its market share decline for the first time in eight years. It comes in the wake of the

USA

Tumbling oil prices send markets into a spin

The Dow Jones was down by more than 2 % at the close of Wall Street on Wednesday along with poor showings on most indexes after a day in which the

Business Line

Oil price warnings and Tinder swipes right or left

When US investment bank Goldman Sachs said last year that oil could fall as low as US$20 per barrel, no one really took it seriously, rather as the

World News

Chinese markets plunge again causing more global shudders

The volatility in Chinese markets has continued. They were down sharply at the close on Monday, dragging Asian markets down with them. The Shanghai

China

China: trading rallies after volatile start to 2016

Following a volatile first week of the year, the Shanghai Composite closed two percent higher on Friday (January 8). Trading in China’s markets has

Economy

European shares fell sharply but came off lows after China suspends its circuit breaker mechanism

European markets fell sharply on Thursday after China accelerated the depreciation of the yuan, but came off lows after the Shanghai and Shenzen

China

China stock trading suspended again as shares plunge

Trading on China’s stock markets was suspended for the day on Thursday, for the second time this week, as shares, again, nosedived more than 7

Economy

Seasonal gift to Spain and Germany's unemployment rates

A busy Christmas season has helped pushed Spain’s unemployment rate down further. It fell by 1.34 percent in December, leaving just over four million

Economy

Chinese economic data sends tremors across stock markets

“Violent New Year fireworks,” is how one analyst summed up events on Wall Street where the Dow fell 450 points having its worst opening day in 84