Sales at U.S. retailers rose more than expected in October as consumers bought more motor vehicles and other goods, but the previous month's figures were revised sharply downward, a government report showed on Monday.
Sales at U.S. retailers rose more than expected in October as consumers bought more motor vehicles and other goods, but the previous month's figures were revised sharply downward, a government report showed on Monday.
The European Union hopes the United States and China will act according to pledges to address global foreign exchange rates, the EU's Economic and Monetary Affairs Commissioner Joaquin Almunia said on Monday.
New energy economy standards could kick in for all new public buildings in the European Union from 2018, and for all new homes and offices from 2020, a source close to the EU negotiations said on Friday.
When Slovakia adopted the euro in January, Alexander Joszay loved driving across the border to Hungary, where financial crisis had weakened the forint to deliver lower prices for euro-earners.
EU finance ministers agreed on Tuesday to start major efforts to narrow budget gaps in 2011 at the latest and reached preliminary agreement to boost the amount of capital banks must hold to offset risky activities.
Following are comments from European Union finance ministers as they gathered in Brussels on Tuesday for a meeting.
Group of 20 finance ministers and central bankers pledged on Saturday to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.
Business Secretary Peter Mandelson will call Friday for strong leadership of the European Union and outline his vision for revamping its economic policies.
The European Central Bank took its first step toward unwinding its extraordinary support measures for the euro zone economy on Thursday by signaling one-year loans to banks will not be repeated next year.
The euro extended gains against the dollar to hit a session high on Thursday after European Central Bank president Jean-Claude Trichet said the euro zone economy will recover at a gradual pace.
World stocks slid on Thursday following the Federal Reserve's decision to keep interest rates near zero for an extended period and ahead of policy decisions by the European Central Bank and Bank of England.
European Union competition regulators urged U.S. carmaker General Motors on Wednesday to draft a recovery plan for its European arm, Opel, that would ensure its long-term viability.
European Union leaders resolved a funding dispute on Friday to agree a negotiating position for talks on a global deal to combat climate change.
The United States and European Union pledged on Tuesday to work to reduce regulatory barriers that impede trade across the Atlantic, but said a free-trade pact was not in the cards right now.
Emerging market and Japanese shares fell sharply on Tuesday after an overnight sell off on Wall Street, but the retreat failed to boost the dollar which fell after the previous sessions' gains.
A Chinese report saying Beijing should increase its holdings of euros and yen in its foreign reserves knocked the already battered dollar on Monday while global stocks sought to recover from last week's weakness.
European environment ministers agreed a proposal on Wednesday to curb global emissions from planes and ships by 10 percent and 20 percent respectively over the next decade, two EU diplomats said.
The European Union is taking too long to get up to 12 carbon capture and storage demonstration plants operating by 2015, RWE npower's head of environmental strategy told a carbon conference on Wednesday.
Recent trading patterns broke at least temporarily on Wednesday with both the dollar and world stocks slipping, the latter weakened particularly by falling emerging markets.
Talks on a new U.N. climate deal stumbled on Tuesday when European Union finance ministers failed to agree funds for poor countries and India reiterated demands for aid to help curb its emissions.
U.S. automaker Ford Motor Co may beat consensus estimates in the third quarter, an analyst at Barclays said, while raising his outlook for the quarter and upgrading the stock to equal weight from underweight.
