http://www.mail.com/int/business/markets/ Markets - Business: Find breaking news, world news and pictures on Markets en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/int/business/markets/ http://www.mail.com/int/business/markets/2093268-glance-europes-key-institutions.html Following the chaotic bailout of Cyprus, top European Union officials are saying it's time to rethink how the region manages its crisis — and who should be involved. Here is a look at the key institutions involved in Europe's economic policymaking: —EUROPEAN UNION An economic and political partnership among 27 European countries. It has a combined populat... Fri, 17 May 2013 18:20:26 GMT http://www.mail.com/int/business/markets/2093268-glance-europes-key-institutions.html 2013-05-17T18:20:26Z http://www.mail.com/int/business/markets/2092874-eu-to-ban-reusable-olive-oil-bottles-eateries.html BRUSSELS (AP) — The small glass bottle filled, and refilled, with golden olive oil has long been a staple on many restaurant tables across Europe. Now, the European Union is going to ban it. The European Commission, the EU's executive, said Friday that, as of next year, restaurant customers will only be allowed to use oil from non-refillable bottles with ... Fri, 17 May 2013 15:06:45 GMT http://www.mail.com/int/business/markets/2092874-eu-to-ban-reusable-olive-oil-bottles-eateries.html 2013-05-17T15:06:45Z http://www.mail.com/int/business/markets/2089858-greek-pm-china-seeking-investment-trade-deals.html BEIJING (AP) — Greece's prime minister is in China seeking investment and trade deals to help revive his country's recession-battered economy. Antonis Samaras met Thursday with Chinese Premier Li Keqiang, after which the two witnessed the signing of agreements in fields including shipping and telecommunications. Li said during the meeting that China hopes... Fri, 17 May 2013 04:13:12 GMT http://www.mail.com/int/business/markets/2089858-greek-pm-china-seeking-investment-trade-deals.html 2013-05-17T04:13:12Z http://www.mail.com/int/business/markets/2090058-luxembourg-pm-downplays-swift-tax-evasion-deal.html BERLIN (AP) — Luxembourg's Prime Minister says he doesn't expect an agreement on one of the European Union's key policies against tax evasion to emerge at next week's summit of the bloc's 27 leaders. Jean-Claude Juncker said Thursday in Berlin it won't be possible to agree on an EU-wide automatic exchange of information on interest gains from bank deposit... Thu, 16 May 2013 12:20:48 GMT http://www.mail.com/int/business/markets/2090058-luxembourg-pm-downplays-swift-tax-evasion-deal.html 2013-05-16T12:20:48Z http://www.mail.com/int/business/markets/2089428-vietnam-provider-drops-foreign-news-tv-channels.html HANOI, Vietnam (AP) — A Vietnamese satellite TV company stopped airing international channels including BBC and CNN on Thursday, citing a law that foreign governments have warned would result in international news and entertainment channels ending their broadcasts in a country increasingly cracking down on freedom of expression. Underlining the confusion ... Thu, 16 May 2013 10:59:19 GMT http://www.mail.com/int/business/markets/2089428-vietnam-provider-drops-foreign-news-tv-channels.html 2013-05-16T10:59:19Z http://www.mail.com/int/business/markets/2089698-uk-campaign-group-loses-challenge-tax-deal.html LONDON (AP) — A U.K. pressure group Thursday lost its legal challenge to what it called a "sweetheart" tax deal between U.K. authorities and Goldman Sachs. UK Uncut Legal Action, which campaigns against tax avoidance, had sought a High Court declaration that it was unlawful for the U.S.-based investment bank to avoid a multimillion pound interest bill on ... Thu, 16 May 2013 09:58:03 GMT http://www.mail.com/int/business/markets/2089698-uk-campaign-group-loses-challenge-tax-deal.html 2013-05-16T09:58:03Z http://www.mail.com/int/business/markets/2088528-trade-group-slams-safety-pact-bangladesh.html NEW YORK (AP) — The largest U.S. retail-industry group on Wednesday criticized an international pact aimed at improving factory conditions in Bangladesh's garment industry, saying it was a "one-size-fits-all" approach promoted by special interests. The National Retail Federation's statement came as more global retailers signed on to the pact backed by abo... Thu, 16 May 2013 01:11:28 GMT http://www.mail.com/int/business/markets/2088528-trade-group-slams-safety-pact-bangladesh.html 2013-05-16T01:11:28Z http://www.mail.com/int/business/markets/2087868-eurozones-struggling-economies-mired-recession.html The eurozone is stuck in recession — its longest since the euro was founded in 1999. The latest figures from the European Union's statistics office show that the economy of the 17 EU countries that use the euro shrank for a sixth straight quarter, slumping by 0.2 percent in the January-March period from the previous three months. Initially it was just the... Wed, 15 May 2013 18:03:13 GMT http://www.mail.com/int/business/markets/2087868-eurozones-struggling-economies-mired-recession.html 2013-05-15T18:03:13Z http://www.mail.com/int/business/markets/2084094-israeli-leader-under-fire-costly-lifestyle.html JERUSALEM (AP) — For years, Israeli Prime Minister Benjamin Netanyahu has been saddled with an image of a cigar-smoking, cognac-drinking socialite. Now a new disclosure about his soaring spending on housekeeping, furniture, clothing and other expenses is increasing pressure on him in a country whose leaders once were known for washing their own dishes and taking out the garb... Tue, 14 May 2013 18:59:36 GMT http://www.mail.com/int/business/markets/2084094-israeli-leader-under-fire-costly-lifestyle.html 2013-05-14T18:59:36Z http://www.mail.com/int/business/markets/2083696-eu-to-shift-bill-bank-failures-to-creditors.html BRUSSELS (AP) — European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors — including the holders of large deposits— as part the region's plan to shore up its shaky financial system. Finance ministers from the 27-country bloc meeting in Brussels on Tuesday sought to hammer out the new rules on how ... Tue, 14 May 2013 17:15:02 GMT http://www.mail.com/int/business/markets/2083696-eu-to-shift-bill-bank-failures-to-creditors.html 2013-05-14T17:15:02Z http://www.mail.com/int/business/markets/2083942-france-approves-major-labor-reform-package.html PARIS (AP) — France's parliament has passed a package of significant labor reforms Tuesday that the government hopes will help halt rising unemployment and jumpstart the country's stagnant economy. The bill is one of President Francois Hollande's signature pieces of legislation designed to overhaul the country's notoriously hidebound labor market. It incl... Tue, 14 May 2013 16:03:26 GMT http://www.mail.com/int/business/markets/2083942-france-approves-major-labor-reform-package.html 2013-05-14T16:03:26Z http://www.mail.com/int/business/markets/2083550-croatia-airlines-strike-pay-cuts.html ZAGREB, Croatia (AP) — Croatia Airlines pilots and flight attendants went on strike Tuesday over planned salary cuts and layoffs that are part of efforts to restructure the loss-making state carrier ahead of the country's European Union entry. The indefinite strike canceled some 25 international and domestic flights scheduled for Tuesday. Most of the pass... Tue, 14 May 2013 13:04:27 GMT http://www.mail.com/int/business/markets/2083550-croatia-airlines-strike-pay-cuts.html 2013-05-14T13:04:27Z http://www.mail.com/int/business/markets/2084034-pension-reform-crucial-ailing-portugal.html LISBON, Portugal (AP) — A leading international economic body says Portugal must push ahead with changes to pension entitlements, even though the planned reforms are threatening to tear apart the coalition government and will likely trigger a spate of legal challenges. The Organization for Economic Cooperation and Development said in a report Tuesday that... Tue, 14 May 2013 11:38:57 GMT http://www.mail.com/int/business/markets/2084034-pension-reform-crucial-ailing-portugal.html 2013-05-14T11:38:57Z http://www.mail.com/int/business/markets/2083978-visa-to-lower-card-fees-eu-antitrust-probe.html BRUSSELS (AP) — The European Union says Visa has agreed to reduce some credit card payment fees significantly to address concerns raised by the bloc's antitrust authority. The European Commission, which acts as the 27-nation bloc's competition watchdog, says Visa proposes to reduce its inter-bank fees for credit card payments to 0.3 percent of a transacti... Tue, 14 May 2013 11:04:01 GMT http://www.mail.com/int/business/markets/2083978-visa-to-lower-card-fees-eu-antitrust-probe.html 2013-05-14T11:04:01Z http://www.mail.com/int/business/markets/2083058-report-uk-military-unrealistic-cost-risks.html LONDON (AP) — Britain's Ministry of Defense has taken an over-optimistic approach to its equipment budget, an influential committee of lawmakers warned Tuesday, expressing doubts that the department plagued by cost overruns and late delivery of projects has properly planned for potential pitfalls over the next decade. Britain's military is shrinking from ... Mon, 13 May 2013 23:03:50 GMT http://www.mail.com/int/business/markets/2083058-report-uk-military-unrealistic-cost-risks.html 2013-05-13T23:03:50Z http://www.mail.com/int/business/markets/2082928-poll-favorable-views-eu-sharp-decline.html BRUSSELS (AP) — Positive views of the European Union by its citizens are near all-time lows. And no EU country is plunging faster into the abyss of gloom than France. Germans are broadly perceived as being the most trustworthy Europeans — but also the least compassionate. Britons, often seen as deeply skeptical of the benefits of EU membership, are in fact split right down t... Mon, 13 May 2013 22:05:18 GMT http://www.mail.com/int/business/markets/2082928-poll-favorable-views-eu-sharp-decline.html 2013-05-13T22:05:18Z http://www.mail.com/int/business/markets/2081412-liechtenstein-ready-to-relax-banking-secrecy.html BERLIN (AP) — Liechtenstein's prime minister says the principality is prepared to discuss an automatic exchange of bank client information with the European Union. Adrian Hasler told German daily Handelsblatt in an interview published Monday that the tiny Alpine nation would consider following the lead of Austria and Luxembourg. The two countries have com... Mon, 13 May 2013 11:09:07 GMT http://www.mail.com/int/business/markets/2081412-liechtenstein-ready-to-relax-banking-secrecy.html 2013-05-13T11:09:07Z http://www.mail.com/int/business/markets/2076456-nations-agree-to-chemical-ban-export-controls.html GENEVA (AP) — A summit on chemicals and hazardous wastes ended Friday with an agreement to globally phase out a widely used flame retardant and to accept stricter requirements for disclosing information about exports of four other chemicals. But participants fell short in their efforts to require more information and consent among nations trading in a con... Fri, 10 May 2013 19:51:27 GMT http://www.mail.com/int/business/markets/2076456-nations-agree-to-chemical-ban-export-controls.html 2013-05-10T19:51:27Z http://www.mail.com/int/business/markets/2076204-greek-anti-austerity-strike-threatens-school-exams.html ATHENS, Greece (AP) — A union representing teachers at Greek state high schools on Friday called a series of strikes to start next week over new austerity cuts, in action that threatens annual university entrance exams. The Greek Federation of Secondary Education State School Teachers, OLME, voted to hold a 24-hour strike on May 17 and rolling strikes the... Fri, 10 May 2013 15:19:57 GMT http://www.mail.com/int/business/markets/2076204-greek-anti-austerity-strike-threatens-school-exams.html 2013-05-10T15:19:57Z http://www.mail.com/int/business/markets/2075934-oil-drops-95-barrel-dollar-rises.html The price of oil dropped below $95 a barrel on Friday as a strengthening dollar made crude more expensive for traders using other currencies. By early afternoon in Europe, benchmark crude for June delivery was down $1.74 to $94.65 a barrel in electronic trading on the New York Mercantile Exchange. The contact lost 23 cents to finish at $96.39 a barrel on ... Fri, 10 May 2013 12:30:53 GMT http://www.mail.com/int/business/markets/2075934-oil-drops-95-barrel-dollar-rises.html 2013-05-10T12:30:53Z http://www.mail.com/int/business/markets/2075464-uk-committee-backs-heathrow-airport-expansion.html LONDON (AP) — A British parliamentary committee recommended Friday that the government permit an expansion of Heathrow Airport, rather than allowing the construction of a new airport east of London. Heathrow is one of the world's busiest airports, and expanding it has long been a contentious political issue in Britain. The aviation industry has lobbied fo... Thu, 09 May 2013 23:04:37 GMT http://www.mail.com/int/business/markets/2075464-uk-committee-backs-heathrow-airport-expansion.html 2013-05-09T23:04:37Z http://www.mail.com/int/business/markets/2074330-slovenia-announces-anti-bailout-measures.html LJUBLJANA, Slovenia (AP) — Slovenia's government announced Thursday an austerity plan designed to raise 540 million euros ($707 million) in new taxes as part of an effort to balance the budget and avoid seeking an international bailout. The small Alpine country, once a model of socialist economy, is racing to convince investors it has a credible strategy ... Thu, 09 May 2013 17:50:33 GMT http://www.mail.com/int/business/markets/2074330-slovenia-announces-anti-bailout-measures.html 2013-05-09T17:50:33Z http://www.mail.com/int/business/markets/2073634-spain-education-sector-hit-strike-cuts.html MADRID (AP) — Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. The stoppage affected all levels of education and union pickets were placed at many schools and universities across the country. Organizers claimed a 65 percent turnout by teachers for the ... Thu, 09 May 2013 14:29:04 GMT http://www.mail.com/int/business/markets/2073634-spain-education-sector-hit-strike-cuts.html 2013-05-09T14:29:04Z http://www.mail.com/int/business/markets/2073232-oil-96-barrel-supplies-uptick.html The price of oil fell closer to $96 a barrel on Thursday after reports showed supplies of U.S. crude rose last week and inflation accelerated in China. By early afternoon in Europe, benchmark oil for June delivery was down 49 cents to $96.13 a barrel in electronic trading on the New York Mercantile Exchange. On Wednesday, the Nymex contract rose $1 to fin... Thu, 09 May 2013 12:07:04 GMT http://www.mail.com/int/business/markets/2073232-oil-96-barrel-supplies-uptick.html 2013-05-09T12:07:04Z http://www.mail.com/int/business/markets/2070796-uk-govt-agenda-focuses-immigration-economy.html LONDON (AP) — The message was one of thrift and austerity, but the messenger was opulence incarnate. Britain's Conservative-led government on Wednesday announced a modest program of legislation to tighten immigration rules, curb welfare expenses, encourage business and invest in infrastructure — in a speech read by a monarch on a gilded throne wearing a c... Wed, 08 May 2013 16:37:50 GMT http://www.mail.com/int/business/markets/2070796-uk-govt-agenda-focuses-immigration-economy.html 2013-05-08T16:37:50Z http://www.mail.com/int/business/markets/2071056-poland-cuts-interest-rates-economy-slows.html WARSAW, Poland (AP) — The National Bank of Poland has cut interest rates to a historic low as the economy continues to slow and inflation is below target. The central bank cut its benchmark reference rate to 3 percent from 3.5 percent on Wednesday, surprising many economists who had expected the bank to keep rates on hold for now. The bank didn't give an ... Wed, 08 May 2013 11:58:29 GMT http://www.mail.com/int/business/markets/2071056-poland-cuts-interest-rates-economy-slows.html 2013-05-08T11:58:29Z http://www.mail.com/int/business/markets/2070482-ukraine-expects-to-sign-cooperation-accord-with-eu.html UNITED NATIONS (AP) — Ukraine's foreign minister said he expects his country to sign a cooperation agreement with the European Union later this year despite the EU's objections to the jailing of former Prime Minister Yulia Tymoshenko. Leonid Kozhara said in an interview Tuesday with The Associated Press that the government accepts that the Tymoshenko case... Wed, 08 May 2013 06:18:28 GMT http://www.mail.com/int/business/markets/2070482-ukraine-expects-to-sign-cooperation-accord-with-eu.html 2013-05-08T06:18:28Z http://www.mail.com/int/business/markets/2067730-oil-slips-96-fears-syria-ease.html The price of oil edged slightly lower Tuesday as fears over Israeli involvement in Syria's civil war eased. By early afternoon in Europe, benchmark oil for June delivery was down 46 cents to $95.70 in electronic trading on the New York Mercantile Exchange. The Nymex contract rose 55 cents to close at $96.16 per barrel on Monday after news of an Israeli mi... Tue, 07 May 2013 11:32:25 GMT http://www.mail.com/int/business/markets/2067730-oil-slips-96-fears-syria-ease.html 2013-05-07T11:32:25Z http://www.mail.com/int/business/markets/2065788-creditors-submit-portugals-austerity-plan-to-test.html LISBON, Portugal (AP) — Inspectors from Portugal's bailout creditors are returning to Lisbon to assess whether the government's latest austerity measures merit unblocking a due disbursement of rescue funds. Portugal's 78 billion euro ($102 billion) bailout two years ago spared the country from bankruptcy, but in return it must slash spending and debt. In ... Mon, 06 May 2013 11:48:40 GMT http://www.mail.com/int/business/markets/2065788-creditors-submit-portugals-austerity-plan-to-test.html 2013-05-06T11:48:40Z http://www.mail.com/int/business/markets/2064214-norway-to-shift-tax-burden-to-oil-industry.html OSLO, Norway (AP) — The Norwegian government is proposing to shift the tax burden more to its large oil industry to stimulate growth in other sectors. Prime Minister Jens Stoltenberg presented a new tax plan Sunday that will increase tax revenues from the oil industry by 70 billion kroner ($12 billion) by 2050 by reducing deductions available to that sector. Sun, 05 May 2013 13:44:05 GMT http://www.mail.com/int/business/markets/2064214-norway-to-shift-tax-burden-to-oil-industry.html 2013-05-05T13:44:05Z