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renaullt-iran-093016.jpg Renault SA has signed a deal with Iran's government to create a joint venture in Iran, which will enable the French automaker to grow significantly in that country. The joint venture is also expected to give a boost to Iran's fast-growing car market, as the country tries to attract foreign investment after international sanctions over its nuclear program ended a year ago.

Asianmarkets-011415_30Sep16.jpg European stocks fell sharply on Friday to hit their lowest level in eight weeks, as Deutsche Bank's woes deepened and the price of oil took a tumble after recent sharp gains in reaction to the tentative OPEC deal to curb oil production. Also, a slew of economic reports on U.K. consumer confidence,...

Markets-111714_30Sep16.jpg European stocks look set to open on a sluggish note on Friday, as the initial excitement from an OPEC production cut deal faded and worries surrounding Germany's biggest lender continued to haunt investors. Oil prices succumbed to some profit taking in Asian deals and the yen weakened in reaction...

Stock-Market-500_29Sep16.jpg European stocks saw further upside on Thursday, a day after OPEC countries agreed to modest oil output cuts in the first such deal since 2008. Investor sentiment remains upbeat despite oil prices declining in European trading after sharp overnight gains. Regional data proved a mixed bag, with German...

stock-market-9_29Sep16.jpg European stocks look set to start Thursday's session on a buoyant note, as a surprise OPEC deal to limit oil production helped rekindle investors' appetite for risk. At an informal meeting in Algiers on Wednesday, the Organization of the Petroleum Exporting Countries (OPEC) agreed a preliminary deal...

Stock-Market-500_28Sep16.jpg European stocks rose on Wednesday, as banks rebounded from recent losses and oil prices stabilized after tumbling around 3 percent overnight following comments by Saudi Arabia and Iran. Regional economic reports painted a mixed picture, with the GfK research group's forward-looking consumer sentiment...

MinoucheShafik-092816.jpg More monetary policy easing will be required at some point in the U.K. to avoid the economic slowdown to become more pernicious in the wake of EU referendum, Bank of England Deputy Governor Minouche Shafik said Wednesday. In a speech, text of which was put on the BoE website, Shafik said the likely timing of stimulus will depend on the continued evolution of the data.

Carney-BOE-092816.jpg The U.K. economy is currently experiencing a period of uncertainty and adjustment following the Britons' surprise vote in June to leave the European Union, but the longer term prospects are positive, Bank of England Governor Mark Carney said in an interview published Wednesday.

Asian-Market-100912_28Sep16.jpg European stocks are seen opening flat to slightly higher on Wednesday, after gains in consumer and technology stocks helped major U.S. indexes snap a two-day losing streak overnight. Asian shares traded mostly lower this morning, with Japan's Nikkei index falling about 1.5 percent to lead regional...

wto-092716.jpg The World Trade Organization downgraded its outlook for global trade, signaling that trade is set to grow at a slower pace than the world GDP growth for the first time in 15 years. The Geneva-based WTO forecast world trade to expand only 1.7 percent this year instead of 2.8 percent projected in April.

Stock-Market-010815_27Sep16.jpg European stocks reversed early gains to hover near one-week lows on Tuesday, as banks continued their retreat, oil prices lost steam ahead of OPEC meeting on Wednesday in Algiers and Wolseley, which owns brands such as Plumb Center, announced an overhaul of its U.K. business. The pan-European Stoxx...

Asian-Markets1_27Sep16.jpg European stocks are seen opening higher on Tuesday after both Hillary Clinton and Donald Trump concluded the first U.S. presidential debate and industrial profits data out of China added to recent signs of economic stabilization. According to a CNN/ORC poll of debate watchers, Hillary has won the...

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