Wednesday, April 7, 2010 as of 11:14 AM ET
The European Bank for Reconstruction and Development's 63 government shareholders Friday chose the U.
K.'s Suma Chakrabarti from among five candidates to become its new president.In a process rare and possibly unique in the annals of international financial institutions, shareholders decided the issue after a number of rounds of voting.Chakrabarti is the top civil servant at the U.K.'s Ministry of Justice and before that was its top official at the Department for International Development.The EBRD was established in 1991 to help countries emerging from Communism make the transition from centrally planned to market economies. Although most of its shareholders are European governments, the largest single shareholder is the U.S. government, and other governments in Asia and the Americas also have substantial stakes.The outcome of the voting marks a rare setback for the French and German governments. They had backed Philippe de Fontaine Vive Curtaz, a French citizen who works at the Europea...FOX Business: The Power to ProsperStock-index futures pointed to more selling on Wall Street following last week's selloff after weekend elections in France and Gree...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
Shares, oil and other riskier assets slumped on Monday after elections in Greece and France saw incumbents defeated, raising fears the collective response to the eur...
European stock markets opened lower on Monday after French President Nicolas Sarkozy lost to Socialist challenger FranÛois Hollande and Greek voters punished mainstr...
The European Union shares a "common goal" to revive jobs and growth with French President-elect Francois Hollande, European Commission President Jose Manuel Barroso ...
French president-elect Francois Hollande said austerity should not be inevitable and that the country's European partners should be relieved by his victory, as he ad...
French President Nicolas Sarkozy conceded to Socialist challenger Francois Hollande Sunday night, telling supporters he assumed "full responsibility for this defeat....
Socialist challenger Francois Hollande appeared on track to defeat French President Nicolas Sarkozy in Sunday's presidential runoff, projections showed as polls clos...
Socialist challenger Francois Hollande appeared set to oust President Nicolas Sarkozy in France's presidential runoff vote Sunday, The Wall Street Journal reported, ...
Earnings, inflation data and a roadshow for the most anticipated initial public offering in recent memory. That's what's on tap for next week.First-quarter earnings ...
The Nasdaq was on course for its biggest decline of the year after a worrying reading from the jobs market raised concerns about the pace of U.S. economic growth and...
Police have arrested at least three environmentalists who broke into two French nuclear compounds Wednesday in an attempt to put nuclear risk on the political agenda...
Europe needs a federal fund for rescuing banks and a federal authority for resolving failed banks, a top European Central Bank official said Friday."Monetary union c...
Attempts to form a government in Greece collapsed on Tuesday, jolting financial markets at the prospect that leftists opposed to the terms of an EU bailout could swe...
The bruising sell-off in crude oil futures continued for a fourth day Monday, pushing U.S. crude prices below $98 as election results in France and Greece stoked fea...
FOX Business: The Power to ProsperWall Street spent the day meandering between positive and negative territory as traders mulled the results of elections in Europe t...
The pendulum doesn't normally swing this fast.In a matter of a few short months, Europe has swung from a continent burdened by debt and consumed by the idea of auste...
FOX Business: The Power to ProsperThe markets wobbled between positive and negative territory on Monday following last week's steep retreat as traders mulled develop...
Global stock-market investors are not liking what happened in Europe yesterday.European citizens -- fed up with debt, spending cuts, and tradition -- are rebelling. ...
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2012 FOX News Network, LLC. All rights reserved.
