India defers FTA talks with EU over ban of 700 pharma products

Last Updated: Wednesday, August 5, 2015, 17:36

Expressing disappointment and concern over the EU banning sale of around 700 pharma products clinically tested by GVK Biosciences, India has deferred the talks with the European Union on the proposed free trade agreement.

Greek finance minister says bailout deal possible by August 20

Last Updated: Wednesday, August 5, 2015, 01:14

Greek Finance Minister Euclid Tsakalotos expressed confidence Tuesday that Athens and its creditors will reach a deal on a new bailout in time for August 20, when a huge debt payment is due.

EU hopes to conclude US free trade deal next year

Last Updated: Tuesday, August 4, 2015, 22:49

The EU hopes that talks on the world`s biggest free trade deal with the United States can be completed next year, a senior official said Tuesday, as the two sides get down to tackling the toughest issues.

EU, Vietnam seal free trade deal

Last Updated: Tuesday, August 4, 2015, 19:03

The EU and Vietnam on Tuesday announced a free trade deal removing nearly all tariffs, with Brussels calling it a "milestone" on the way to a region-wide agreement with Southeast Asia.

S&P downgrades outlook for EU after Greece crisis

Last Updated: Tuesday, August 4, 2015, 09:15

Standard & Poor`s has changed the outlook for the European Union from stable to negative after the bloc`s support for Greece and following Britain`s decision to vote on leaving the EU, S&P reported Monday.

Greek bailout talks shift into higher gear

Last Updated: Friday, July 31, 2015, 18:28

Greece's talks with its international creditors on a third bailout worth 85 billion euros (USD 93 billion) shifted into a higher gear on Friday, with lead negotiators from the European Union and International Monetary Fund meeting key ministers in Athens.

Euro zone inflation stable at 0.2%, still far off ECB target

Last Updated: Friday, July 31, 2015, 14:57

The European Union`s statistics office Eurostat said on Friday that consumer prices in the 19 countries sharing the euro rose by 0.2 percent year-on-year in July, as in June.

Fiat Chrysler raises outlook as Q2 profit jumps 70%

Last Updated: Thursday, July 30, 2015, 21:51

Fiat Chrysler Automobiles on Thursday raised its revenue forecast after strong sales in North American and a recovery in the European market boosted second-quarter profits by 70 percent.

Asian shares, dollar up on US Fed's economic optimism

Last Updated: Thursday, July 30, 2015, 08:45

Japan`s Nikkei rose 0.8 percent while Australian shares tacked on 0.3 percent and South Korean shares gained 0.2 percent.

ECB leaves emergency liquidity for Greece unchanged

Last Updated: Wednesday, July 29, 2015, 18:14

The European Central Bank decided Wednesday to leave its stopgap credit lifeline for Greece unchanged, said a source close to the decision who asked not to be identified.

Volkswagen Q2 profit grows on Europe recovery, cost cuts

Last Updated: Wednesday, July 29, 2015, 13:18

Volkswagen posted higher quarterly profit on a strengthening European autos recovery and cost cuts but lowered its sales guidance as demand in China slows.