European stocks decline amid U.S. Government shutdown talks

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Source: Bloomberg
© Scanpix/AP
European stocks retreated to lowest level in two weeks as the U.S. faces the government shutdown and the Prime Minister of Italy, Enrico Letta struggles to save his administration. The Stoxx Europe 600 Index lost 0.6% to 310.34 as of 3:31 p.m. London time, while it has still gained 4.3% this month as the Fed did not taper its monthly bond buying program.
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Tue, 01 Oct 2013 04:59:30 GMT

Spain's debt is set to reach 100% of GDP by 2014

Public debt in Spain is projected to increase to around 100% of gross domestic product by the end of 2014, according to the draft budget proposal released by the Budget Ministry on Monday. Spain's public debt will rise to 99.8% in 2014 from a level of 94.2% this year, while pension payments will advance 0.25% by the end of 2014.

Mon, 30 Sep 2013 15:01:04 GMT

Siemens plans to cut 15,000 jobs worldwide

Siemens AG, one of the leading engineering companies in the world, announced around 15,000 job cuts worldwide, as the company is missing its profit estimates. This amount represents about 4% of all Siemens workforce. Company's new CEO Joe Kaeser confirmed that a third of all job positions will be eliminated in Germany. Today Siemens AG shares traded down 1.07% to

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