Free Markets? In Europe
Call it a case of two rights making a wrong.
Thanks to a series of rapid-fire developments ranging from Dusseldorf down to Madrid and back up to Brussels, it looks like the worlds largest utility company is about to get a whole lot bigger.
As Euro-investors surely know, Spanish electric utility company Endesa (NYSE: ELE) has been on the auction block ever since local suitor Gas Natural first bid $27 billion to acquire the firm last September. But no sooner had this deal received the blessing of the Spanish regulatory authorities (the National Energy Commission, or CNE) in February, than it was derailed by a rival bid of $34 billion from German juggernaut E.ON (NYSE: EON)
More : fool.com
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Europe Clears Lyrica for Anxiety
The EU's clearance enables Pfizer to expand the drug's uses, a process that has taken longer than the company had hoped.
Although Lyrica is approved for several diseases and conditions in the U.S. and in foreign markets, the Food and Drug Administration rejected Pfizer's application in mid-2004 for treating generalized anxiety disorder.
Pfizer continues to talk with the FDA about Lyrica as a treatment for the condition, a company spokeswoman said.
Lyrica has been approved in the U.S. for treating epileptic seizures and nerve pain related to diabetes and shingles. The drug is sold in
Apec leaders challenge Europe to drop agricultural subsidies
Pacific rim leaders ended their annual economic summit with an indirect challenge to European countries to help revive global free-trade negotiations by cutting their hefty farm subsidies.
The 21 members of the Asia Pacific Economic Cooperation forum also addressed the threat of a possible bird flu pandemic, pledging to be open about disclosing outbreaks, boost surveillance and build a register of experts that can advise countries on combating the disease.
The leaders, including US President George W Bush, China’s HU Jintao, Russia’s Vladimir Putin and Japanese Prime Minister Junichiro Koizumi, promised a raft of
Europe Markets End Flat; Asia Markets Up
European stocks closed little changed Tuesday, though the automobile sector slipped on concerns over the state of both the U.S. and European market.
Asian markets advanced amid renewed investor appetite for risk as jitters about higher U.S. interest rates faded.
European stocks closed little changed Tuesday, though the automobile sector slipped on concerns over the state of both the U.S. and European market.
Asian markets advanced amid renewed investor appetite for risk as jitters about higher U.S. interest rates faded.
More : chron.com
ECB chief's remarks encourage markets
LONDON European stocks rose on Thursday after the European Central Bank indicated that its interest rate increase was not the start of a series.
"The market had discounted an increase for some time, and it's not expecting a long series of hikes," said Martine Legal, a strategist at Axa Investment Managers in Paris. "We expect a good economic background. European markets are still attractive."
Indexes rose after the European Central Bank lifted its benchmark interest rate by a quarter of a percentage point, as economists had expected, and Jean-Claude Trichet, the ECB president, said interest
Mining, Dell hit Europe mkts
European stock markets fell Friday as heavyweight mining issues dragged London trading lower and the high-tech sector got a shock profit warning from US computer giant Dell, dealers said.
Londons FTSE 100 index of leading shares sank 0.89% to 5 719.7 points, Frankfurts DAX 30 index shed 1.71% to 5 451.01 points and the Paris CAC 40 fell 0.96% to 4 818.55.
The DJ Euro Stoxx 50 index of leading eurozone shares lost 0.91% to 3 557.08 points.
More : fin24.co.za
