U.S. consumer spending rose modestly in October and a measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth.
Tags: Europe
EU should be able to veto national budgets: Germany's Schaeuble
The European Commission should be able to veto national budgets if they breach the European Union's common fiscal rules, German Finance Minister Wolfgang Schaeuble said on Friday.
Inside OPEC room, Naimi declares price war on U.S. shale oil
Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.
Saudis block OPEC output cut, sending oil price plunging
Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.
Low food inflation tightens squeeze on Europe's grocers
Subdued food price inflation in Europe is unlikely to pick up any time soon, adding to the pressure on mainstream grocers as they struggle with changing shopping habits and competition from discounters.
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European privacy regulators want Internet search engines such as Google (GOOGL.O) and Microsoft's Bing (MSFT.O) to scrub results globally, not just in Europe, when people invoke their "right to be forgotten" as ruled by an EU court.
General Motors Co President Dan Ammann on Monday said he expects "more of the same" next year from a U.S. auto market that has been growing slowly, while he is bracing for continued soft demand in other parts of the globe.
Gap Inc (GPS.N) has struck a deal with Europe's largest dedicated online fashion retailer Zalando (ZALG.DE) to sell its core brand from next May, hoping to reach more consumers, particularly in markets where it has no physical stores.
Asian share markets were broadly higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding.
Europe is not at risk of sliding into "full deflation" but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Saturday.
The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc's (GOOGL.O) search engine operations in Europe from the rest of its business as one possible option to rein in the Internet company’s dominance in the search market.
Asian shares took solace from data showing broad U.S. economic strength even as signs of spreading weakness in China and Europe checked risk appetite, while the yen nursed its losses after sliding to multi-year lows against the dollar and euro overnight.
European planemaker Airbus (AIR.PA) has won a crucial order worth roughly $14 billion at list prices from Delta Air Lines (DAL.N) for 50 long-haul, wide-bodied jets, three people familiar with the matter said.
German business software maker SAP is doing an about-face on its acquisition strategy and plans no more big new deals in the next few years, its chief executive said on Wednesday.
