EU telecoms chief gets backing for reform package
The European Union Commission has approved a plan to spur investment in communications networks and create a single market for telecoms services despite concerns that some parts may favor big operators, two officials said on Tuesday.
EU lawyers say transaction tax plan is illegal
A plan to tax financial transactions in 11 European Union member states from 2014 is illegal, the bloc's lawyers have concluded, dealing what could be a final blow to the measure as proposed.
Euro zone sentiment turns positive for first time in over two years
Euro zone sentiment turned positive for the first time in more than two years in September as investors welcomed the end of the bloc's recession and became increasingly upbeat about their current situation and outlook, a survey showed on Monday.
Futures gain on China data; Syria concerns remain
U.S. stock index futures advanced on Monday in the wake of upbeat economic data from China, though concerns remained about the possibility of a Western strike against Syria.
ECB holds rates, Draghi's guidance under market microscope
The European Central Bank left interest rates unchanged on Thursday, and markets turned their attention to ECB chief Mario Draghi's news conference for any signs a euro zone recovery will affect the bank's policy stance.
Microsoft to buy Nokia's mobile phone unit
Microsoft has agreed a deal to buy Nokia's mobile phone business for 5.4bn euros ($7.2bn; £4.6bn).
Ukraine leader urges pro-Europe drive despite Kremlin pressure
Ukrainian President Viktor Yanukovich urged parliament on Tuesday to pass laws to underpin the country's pro-Europe drive, even as Russia renewed pressure on Kiev to halt its westward course.
Swiss economic recovery to pick up speed in near future
Switzerland's economy will gain momentum in the coming months, buoyed in part by an improvement in business sentiment in surrounding euro zone countries, the leading Swiss indicator suggested on Friday.
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