U.K. stocks were little changed, paring earlier gains, after U.S. Senate Majority Leader Harry Reid said America looks to be heading for the so-called fiscal cliff of automatic tax increases and spending cuts.
U.K. stocks tumbled by the most in almost a month after Mulberry Group Plc unexpectedly warned that profit will drop for the full year and as company earnings from the U.S. and continental Europe disappointed investors.
German Chancellor Angela Merkel’s export machine is generating far more in revenue than her anti- bailout voters are committing to euro-crisis fighting as the weakening currency adds to the country’s competitive edge.
July 26 (Bloomberg) -- Cantor Index Market Strategist David Buik and Philadelphia Trust Company's Michael Crofton outline the time frame in which ECB president Mario Draghi has to act to save the Euro. They speak with Betty Liu on Bloomberg Television's "Street Smart." (Source: Bloomberg)
When European Union financial-services commissioner Michel Barnier wrote a letter to U.S. Treasury Secretary Timothy F. Geithner on the complex topic of hedge-fund regulation, he used a little trick he learned from Olympic skiing champion Jean-Claude Killy : keep it short.