Europe

Europe News

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  Neptune Orient Lines Falls Most in Three Years After Loss: Singapore Mover

  Updated 22 minutes ago

  Neptune Orient Lines Ltd., parent of Southeast Asia’s biggest container line, plunged the most in almost three years after reporting its biggest loss in a decade and saying it had no plans to cut capacity.

• Asian Stocks Decline; Developers Drop as Shanghai Maintains Property Curbs

  Updated 38 minutes ago

  Asian stocks declined as sales of previously owned homes in the U.S. trailed estimates and Shanghai pledged to keep property-market controls in place amid forecasts of slower growth in China.

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  Gillard Calls Leadership Vote After Rudd Resigns

  Updated 16 minutes ago

  Australian Prime Minister Julia Gillard called a leadership ballot for Feb. 27, setting up a second showdown with her predecessor Kevin Rudd as weeks of escalating tension damage the Labor government.

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  HSBC to Close Japan Consumer Banks

  Updated 38 minutes ago

  HSBC Holdings Plc, Europe’s largest bank, will withdraw from consumer banking in Japan, closing down six branches four years after starting the business.

• Treasuries Snap Gain as Jobless Claims Are Seen to Stay Near Four-Year Low

  Updated 23 minutes ago

  Treasuries snapped a gain from yesterday before a government report that economists said will show initial claims for jobless benefits were close to a four- year low.

• Oil Falls From Highest Close in 9 Months as U.S. Crude Stockpiles Increase

  Updated 1 hour, 32 minutes ago

  Oil dropped from a nine-month high in New York as investors speculated that fuel demand may falter after a report showed crude stockpiles increased in the U.S., the world’s biggest consumer of the commodity.

• Greek Bailout Leaves Europe on Road to Disaster: Clive Crook

  Updated 28 minutes ago

  If Europe’s new plan for Greece succeeds, nobody will be more surprised than the politicians who designed it. At best, the arrangement is a holding action, one that fails yet again to deal with the much larger confidence crisis facing the euro area.

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  Soros Sees Merkel Shoving Europe Into Harsh ‘Deflationary Spiral’: Books

  Updated 1 hour, 27 minutes ago

  George Soros is usually thought of as the man whose hedge fund broke the Bank of England with a $10 billion bet that the pound would lose its peg to other European currencies.

• German Business Sentiment May Reach Seven-Month High in February

  Updated 2 hours, 27 minutes ago

  German business confidence probably rose to the highest in seven months in February as progress in taming Europe’s debt crisis tempered the risk of a recession.

• Mazda Shares Decline After Carmaker Plans Record Share Sale: Tokyo Mover

  Updated 2 hours, 30 minutes ago

  Mazda Motor Corp., Japan’s least profitable major carmaker, fell to a two-week low in Tokyo trading after the company said it may raise a record 162.8 billion yen ($2 billion) selling new stock.

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